What is Jerome Powell's net worth and Salary?
Jerome Powell is an American politician who has a net worth of $50 million. Jerome is one of the richest people to ever hold the position of Chairman of the Federal Reserve.
Biography
Jerome Powell was born in Washington, D.C. in February 1953. He is a Republican who graduated from Princeton University and earned his JD from Georgetown University. Powell served as the Under Secretary of the Treasure for Domestic Finance under President George H.W. Bush from 1992 to 1993. From 1997 to 2005 he was a partner at the private equity fund, The Carlyle Group. He then founded his own private investment firm which he called Severn Capital Partners. In 2008 he became a managing partner at a private equity/venture capital firm called Global Environment Firm.
He became a Member of the Federal Reserve Board of Governors in 2012. Jerome Powell became the 16th Chair of the Federal Reserve under President Donald Trump in February 2018. He began working in investment banking in 1984. From 2010 to 2012 he was a visiting scholar at the Bipartisan Policy Center. Powell was the first Chair of the Federal Reserve to not hold a Ph.D. in Economics since 1987. He has often been criticized by Trump. He is married with three children and is the richest member of the Federal Reserve Board of Governors.
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Personal Wealth Estimates
According to his 2017 personal finance disclosure, Jerome Powell has a net worth ranging between $19 million and $55 million.
Fed Chairman Salary
In 2019, the Fed Chairman earned an annual salary of $203,500. The other Governors earn $183,000 per year. In 2023 Jerome Powell's salary was $226,300.
