Inside Jerome Powell’s Wealth: From Wall Street to the Federal Reserve
Jerome Powell, one of the wealthiest Federal Reserve chairs in history, boasts a net worth estimated between $17.7 million and $55 million. His fortune stems from a career spanning investment banking, private equity, and legal expertise before transitioning to public service.
Powell’s financial ascent began with his Princeton education and early roles at firms like Dillon, Read & Co. and Bankers Trust. By 1997, he joined The Carlyle Group as a managing director, further cementing his Wall Street credentials. His appointment to the Federal Reserve marked a pivotal shift from private sector success to public influence.