Jerome Powell Net Worth
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2 min read
Net Worth and Salary
| Category | Details |
|---|---|
| Net Worth | $50 million |
| Salary | $203,500 in 2019, $226,300 in 2023 |
| Birthdate | February 1953 |
| Birthplace | Washington, D.C., United States |
| Gender | Male |
| Height | N/A |
| Profession | Politician, Chairman of the Federal Reserve |
| Nationality | American |
Highlights
– Jerome Powell’s net worth is estimated to be $50 million.
– He serves as the Chairman of the Federal Reserve.
– Powell was the first Chair of the Federal Reserve since 1987 to not hold a Ph.D. in Economics.
Early Life
Jerome Powell was born in Washington, D.C. in February 1953. He attended Princeton University and later obtained a JD from Georgetown University. Powell is a Republican.
Career
After graduating, Powell served as the Under Secretary of the Treasure for Domestic Finance under President George H.W. Bush. He then worked at The Carlyle Group, a private equity fund, from 1997 to 2005. Powell went on to establish his own private investment firm, Severn Capital Partners, and later became a managing partner at Global Environment Firm, a private equity/venture capital firm.
In 2012, Jerome Powell became a Member of the Federal Reserve Board of Governors. He assumed the role of Chairman of the Federal Reserve under President Donald Trump in February 2018. Powell has a background in investment banking since 1984 and also served as a visiting scholar at the Bipartisan Policy Center from 2010 to 2012.
Personal Life
Jerome Powell is married and has three children. He is known for being the richest member of the Federal Reserve Board of Governors.
Net Worth Over Time
According to his 2017 personal finance disclosure, Jerome Powell’s net worth ranged between $19 million and $55 million. Currently, his net worth is estimated to be $50 million.
Components of Net Worth
Jerome Powell’s net worth is primarily attributed to his successful career in investment banking and his involvement in private equity funds. His previous positions at The Carlyle Group, Severn Capital Partners, and Global Environment Firm likely contributed to his accumulated wealth.
As the Chairman of the Federal Reserve, Powell receives a substantial salary, earning $203,500 in 2019 and $226,300 in 2023.
It is worth noting that net worth figures are subject to change as they depend on various financial factors and fluctuations in asset values.
