Governor & Chairman, Federal Reserve System Board of Governors
Kevin Warsh
Second Trump administration.
- Assets disclosed
- At least $192M
- Outside pay
- $15.1M
- Trades disclosed
- 65
- In office since
- May 2026
Assets disclosed: on the 2026 nominee filing. The values on Warsh’s latest financial disclosure to the Office of Government Ethics, added up as ranges, because the form gives ranges and never exact values.
Outside pay: from before office, nominee form. What the latest form reports was paid to the official to the dollar, outside the public salary, which is set by law.
Trades disclosed: May 2026 to Aug 2026. Transactions on 278-T reports and annual reports, which include a spouse’s and dependent children’s.
In office since: took office May 22, 2026.
Start date: the cabinet record.
Outside pay
On the nominee form, filed 2026
$15.1M
in all
- Salary and wages
- 1.1%$170K
- Fees, honoraria and services
- 98.9%$14.9M
- Largest payerDuquesne Family Office
- $10.2M
- PayersNamed on the form
- 19
Trades
Disclosed on periodic and annual reports, by year
All in 2026
65 trades, May 2026 to Aug 2026
- Bought2% of trades
- 1
- Sold98% of trades
- 64
0 of the 65 trades with a filing date to check were reported after 45 days plus any extension the filing states.
The executive financial disclosure reports the official’s transactions together with those of a spouse and dependent children, and does not mark which is which. These trades are shown as disclosed. They should not be read as the official personally trading.
What was traded
- Individual stock
3% of trades
2 - Funds and ETFs
2% of trades
1 - Other assets
95% of trades
62
Past the deadline
0
After 45 days plus any extension the filing states
Estimated volume
$20.3M
The forms give each trade as a range of dollars. This adds the low end of every range, so the real volume is at least this and could be much more.
Net worth
Reported as ranges, so no single net worth
- Disclosed assets
- At least $192M
- Disclosed liabilities
- $3.1M to $12M
A net worth for Kevin Warsh cannot be computed from this filing: values are given as ranges, some items carry no value, the highest range has no upper limit, and a home kept for personal use is not reported.
- Disclosed assets:
- as ranges on 297 line items, plus 373 without a dollar value; 35 of those ranges are open ended
- Disclosed liabilities:
- as ranges on 11 line items
These are the lower and upper bounds of the ranges on the filing, not a market valuation. Assets and liabilities are shown separately and are never netted into a net worth. How these bands are read
The form lists each debt over $10,000 owed at any time during the period it covers, including one repaid before the period ended. A few kinds are left off, such as a debt to a close relative.
Kept since Aug 27, 2026. Federal law generally requires a filing to be destroyed six years after it was received, unless it is needed in an ongoing investigation.
Disclosures: Office of Government Ethics, read through Oct 24, 2026. Latest filing: 2026 nominee filing.
Outside pay
On the nominee form, filed 2026
Nominee report, filed 2026
$15.1M
Nominee report, filed 2026
$15.1M
- Fees, honoraria and servicesDuquesne Family Office$10,200,000
- Fees, honoraria and servicesGoldenTree$1,550,000
- Fees, honoraria and servicesCerberus$750,000
- Fees, honoraria and servicesBrevan Howard - 2/18/2025, 4/3/2025, 7/7/2025$750,000
- Fees, honoraria and servicesHeitman$650,000
The amounts the latest form gives to the dollar, paid to the official outside the public salary. A nominee form is filed before taking office, so its pay is from before office.
Sources: OGE Form 278 reports, Part 2, released by the Office of Government Ethics. Pay for the public post is set by law and is not on the form. Open the form.
Disclosures: Office of Government Ethics, read through Oct 24, 2026. Latest filing: 2026 nominee filing.
Holdings
On the 2026 nominee filing, largest range first
- Juggernaut Fund, LP (Underlying assets are not disclosed due to pre-existing confidentiality agreements. I will divest this asset if confirmed.)
Line 86.3 of the filing
At least $50M - Juggernaut Fund, LP (Underlying assets are not disclosed due to pre-existing confidentiality agreements. I will divest this asset if confirmed.)
Line 87 of the filing
At least $50M - Spouse’s employmentThe Estee Lauder Companies, Class A stockAt least $1M
- Spouse’s employmentMarleybones (pet care)At least $1M
- Spouse’s employmentSaint Rocco (pet care)At least $1M
These are the lower and upper bounds of the ranges on the filing, not a market valuation. Assets and liabilities are shown separately and are never netted into a net worth. How these bands are read
The form lists each debt over $10,000 owed at any time during the period it covers, including one repaid before the period ended. A few kinds are left off, such as a debt to a close relative.
Kept since Aug 27, 2026. Federal law generally requires a filing to be destroyed six years after it was received, unless it is needed in an ongoing investigation.
Disclosures: Office of Government Ethics, read through Oct 24, 2026. Latest filing: 2026 nominee filing.
Trades
65 disclosed transactions, May 2026 to Aug 2026
All in 2026
65 trades, May 2026 to Aug 2026
What was traded
- Individual stock
3% of trades
2 - Funds and ETFs
2% of trades
1 - Other assets
95% of trades
62
Past the deadline
0
After 45 days plus any extension the filing states
Estimated volume
$20.3M
The forms give each trade as a range of dollars. This adds the low end of every range, so the real volume is at least this and could be much more.
Disclosed transactions
Newest first, five a page, each with its filing
Sold unless marked · Unspecified, every row
65 disclosed transactions, as filed on the official’s OGE 278-T. Amounts are ranges, never exact, and every row links to the official filing.
0 of the 65 trades with a filing date to check were reported after 45 days plus any extension the filing states.
The executive financial disclosure reports the official’s transactions together with those of a spouse and dependent children, and does not mark which is which. These trades are shown as disclosed. They should not be read as the official personally trading.
Disclosures: Office of Government Ethics, read through Oct 24, 2026. Latest filing: 2026 nominee filing.