Jerome Hayden Powell is an American Economic Advisor, lawyer, and former Investment banker serving as the 16th Chair of the Federal Reserve know here what is his Net Worth Salary and Professional Career
Jerome Powell’s net worth is believed to be at $55 million dollars in 2021. After Governor Randal Quarles, he is the second wealthiest member of the Federal Reserve Board of Governors. Jerome Powell’s net worth is estimated to be between $19 million and $50 million, according to his 2017 personal financial statement.
|Net Worth (2021)||$55 million|
|Income Source||Chair of the Federal Reserve of the United States|
Jerome Powell Salary
The Chairman of the Federal Reserve receives $203,500 a year in 2019. The other Governors receive a yearly salary of $183,000 each.
Jerome Powell Source of Income
From 1992 to 1993, Jerome Powell was the Under Secretary of the Treasury for Domestic Finance under President George H.W. Bush. From 1997 through 2005, he was a partner with The Carlyle Group, a private equity firm. He then went on to form Severn Capital Partners, a private investment firm. He joined Global Environment Firm, a private equity/venture capital firm, as a managing partner in 2008. In 2012, he was elected to the Federal Reserve Board of Governors.
In February 2018, President Donald Trump appointed Jerome Powell as the 16th Chair of the Federal Reserve. In 1984, he started working in investment banking. He was a visiting scholar at the Bipartisan Policy Center from 2010 to 2012. Powell was the first Chair of the Federal Reserve since 1987 who did not have a Ph.D. in Economics. Trump has frequently chastised him. He is the wealthiest member of the Federal Reserve Board of Governors.
Jerome Powell Personl Life
Powell married Elissa Leonard in 1985.They have three children and live in Chevy Chase Village, Maryland, where Elissa is chair of the board of managers of the village.In 2010, Powell was on the board of governors of Chevy Chase Club, a country club.