# Trump’s Fed Pick Discloses $100M+ in Assets, Pledges Divestment

*Author: Jack Inabinet*
*Published: Apr 14, 2026*
*Source: https://www.bankless.com/de/read/news/trumps-fed-pick-discloses-100m-in-assets-pledges-divestment*

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Kevin Warsh, President Donald Trump's pick for Federal Reserve chair, has filed investment disclosures as part of the nomination process, revealing a sprawling portfolio worth well into the hundreds of millions of dollars.

### What's the Scoop?
- **Sprawling Portfolio: **Federal Reserve chair nominee Kevin Warsh, has filed [investment disclosures](https://extapps2.oge.gov/201/Presiden.nsf/PAS+Index/F57618ED6E5F30B585258DD9002DD780/$FILE/Warsh%2C%20Kevin%20%20final278.pdf), revealing holdings of approximately $131M to $209M, in addition to the [estimated](https://economictimes.indiatimes.com/magazines/panache/meet-the-billionaire-wife-of-kevin-warsh-donald-trumps-pick-for-next-fed-chief-what-is-jane-lauders-net-worth/articleshow/127804581.cms?from=mdr) $2.7B of assets held by his wife, Jane Lauder (heiress to the Estée Lauder fortune and daughter of Ronald Lauder, a [client](https://www.bloomberg.com/news/articles/2026-02-06/epstein-set-up-llc-for-lauder-black-to-hold-25-million-artwork?embedded-checkout=true) of reviled financier Jeffrey Epstein). Warsh's wealth vastly eclipses that of all recent Federal Reserve chairs, including that of outgoing Fed Chair Jerome Powell, who reported wealth between $19M and $75M as of 2025.
- **Wealth Specifics:** Warsh's filings disclose $10M in income from his work as an advisor to billionaire investor Stanley Druckenmiller's Duquesne Family Office, alongside millions more in assorted earnings from positions across various U.S. companies, universities, think tanks, and Wall Street firms. Warsh’s filings detail roughly 1,800 individual holdings, some of which are subject to “pre-existing confidentiality obligations” and not identified. Among Warsh's notable disclosed personal investments include ownership interests in crypto-native trading platforms dYdX and Lighter; crypto investment funds Polychain Capital and Scalar Capital; NBA Top Shots and Crypto Kitties creator Dappar Labs; prediction market platform Polymarket; and SpaceX.
- **Tax Windfall: **As required by federal ethics rules, Warsh has pledged to divest from his immense investment portfolio if confirmed. Executive branch employees and their immediate family members can indefinitely defer capital gains taxes on assets sold to comply with ethics agreements by obtaining a [Certificate of Divestiture](https://www.oge.gov/web/OGE.nsf/0/D9246BEE2437F154852585B6005A17D1/$FILE/Certificate%20of%20Divestiture%20Fact%20Sheet.pdf), allowing Warsh and his wife to offload their immense investment portfolios and reinvest the proceeds Treasury bonds or diversified index funds without facing immediate tax consequences.

> Kevin Warsh’s wealth eclipses that of all recent Federal Reserve chairs, newly released financial disclosure forms show.Warsh is President Donald Trump’s nominee to succeed Federal Reserve Chair Jerome Powell. His financial filings show that Warsh has holdings of approximately… [pic.twitter.com/VYNgPaiKNq](https://t.co/VYNgPaiKNq)— CNBC (@CNBC) [April 14, 2026](https://twitter.com/CNBC/status/2044055588091404603?ref_src=twsrc%5Etfw)