Kevin Warsh's Net Worth Is Substantial but Pales in Comparison to His Wife's

After years of feuding with the Federal Reserve, President Trump has announced the man he hopes to replace Jerome Powell as chair of the organization. Kevin Warsh has been named to take over, a man who previously served as a governor on the board of the Federal Reserve but has become more critical of the Fed since 2011.

Following the news that Kevin Warsh might take over for Powell, many naturally wanted to know more about him, including what his net worth is. Here's what we know.

Kevin Warsh's estimated net worth appears to sit at roughly $10 million, which is not nothing. After graduating from Stanford and Harvard Law School, Warsh went to work on Wall Street before being named to the Federal Reserve in 2006. After he left the Federal Reserve in 2011, he has worked at a variety of Conservative think tanks, where he has become increasingly critical of the Fed's general approach.

Although a net worth of $10 million is nothing to sneeze at, Warsh is married to a woman far wealthier than he is. He married Jane Lauder in 2002. Lauder is the granddaughter of Estée Lauder and an heiress to that family fortune. She has worked for the company for most of her life, and Forbes once estimated her net worth to be roughly $2.7 billion. It's fair to say, then, that Jane can support the family no matter what her husband earns.

One of the chief reasons that Warsh was apparently chosen to take over for Powell is that his views on monetary policy appear to align with the president's. He argued for lower interest rates earlier this year, a policy that the president favors because he believes it will lead to lower consumer prices and a general improvement in economic conditions.

What's less clear is whether Warsh will serve with loyalty to Trump in mind as so many other figures in the Trump administration have. Powell has fiercely guarded the independence of the Federal Reserve throughout his tenure, even as it has sometimes meant that he and Trump have vehemently disagreed. Now that Trump is getting the chance to appoint someone new, only time will tell whether Warsh will indulge the president's every whim, or keep the tradition of Federal Reserve independence intact.