American politician Jerome Powell is one of the wealthiest individuals to serve as a chairman of Federal Reserve. In this article, we will talk about Jerome Powell Net Worth and salary.
Jerome Powell Net Worth
Jerome Powell Net Worth is $50 Million as of 2023. In February 1953, Jerome Powell was born in Washington, D.C. He is a Republican who attended Princeton University and Georgetown University to obtain his JD. Powell worked for President George H.W. Bush from 1992 to 1993 as the Under Secretary of the Treasury for Domestic Finance.
He worked as a partner at The Carlyle Group’s private equity fund from 1997 to 2005. He subsequently started his own private investing company, Severn Capital Partners. He was made a managing partner at Global Environment Firm, a private equity and venture capital company, in 2008.
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In 2012, he was elected to the Federal Reserve Board of Governors. In February 2018, Jerome Powell was appointed as President Donald Trump’s sixteenth Chair of the Federal Reserve. In 1984, he started his career in investment banking. He served as a visiting scholar at the Bipartisan Policy Center from 2010 to 2012.
Powell was the first Federal Reserve Chair since 1987 who didn’t have a Ph.D. in economics. Trump has frequently criticized him. He is the wealthiest governor on the Federal Reserve Board and is married with three kids.
Estimates of Personal Wealth Of Jerome Powell
Jerome Powell’s 2017 personal financial report revealed that he had a net worth that ranges from $19 million to $55 million.
Jerome Powell’s Salary As the Fed Chairman
The Fed Chairman had a salary of $203,500 per year in 2019. The yearly salary of the other Governors is $183,000. Jerome Powell made $226,300 in 2023.
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