Fed Chairman Candidate Has Assets Worth Rp1.7 Trillion, Here Are the Details
Jakarta, VIVA – Kevin Warsh, the nominee for Chairman of the United States Federal Reserve, has come under scrutiny following his financial disclosure. According to the latest financial disclosure documents, the total assets held by the prospective Fed head are estimated to exceed US$100 million, or approximately Rp1.71 trillion (using an exchange rate estimate of Rp17,140 per US dollar).
The 69-page financial document was submitted as a requirement to continue the nomination process for Warsh in the US Senate. In the report, Warsh holds a major stake in Juggernaut Fund LP, with an investment value reaching more than US$50 million, or about Rp857 billion.
Additionally, Warsh is recorded as receiving consulting income of US$10.2 million from the investment office of Wall Street investor Stanley Druckenmiller. However, details of several assets are not disclosed in detail due to confidentiality agreements.
Warsh has affirmed that he will divest these holdings if he officially assumes the role of Fed Chairman. This step is part of his commitment to comply with US government ethics rules.
“I will divest these assets if confirmed,” Warsh wrote in the document, as quoted from NBC News on Wednesday, 15 April 2026.
In addition to major investments, the report also lists various other assets in the technology sector, including artificial intelligence (AI) and crypto. Some of these include the robotic coffee platform Cafe X, the wearable technology company Cionic, and Ethereum-based projects.
Furthermore, the report shows the wealth of Warsh’s wife, Jane Lauder, who has a background from the family owning the high-end cosmetics company Estee Lauder. Jane Lauder is estimated to have assets worth US$1.9 billion, or about Rp32.5 trillion.
Meanwhile, Warsh’s financial liabilities (debts) are relatively minor compared to his assets. Warsh has a mortgage credit of US$5 million, or about Rp85.7 billion, from JPMorgan Chase, as well as a credit facility from PNC Bank.
Analyst from the Office of Government Ethics (OGE), Heather Jones, stated that Warsh will meet the requirements after the divestment process is completed. The 69-page document was submitted as a requirement to continue the nomination process for Warsh in the United States Senate.