Jerome Powell Net Worth (Updated 2026).

Jerome Powell, born in 1953, began his career in the financial sector after graduating from Georgetown University’s School of Foreign Service and later earning a law degree from Georgetown University Law Center. He started at the investment bank Dillon, Read & Co. in the early 1980s, where he spent over a decade, eventually becoming a partner.

Powell’s rise to prominence began in the late 1990s when he joined the Treasury Department under President Bill Clinton. He served as an Undersecretary for Finance, where he played a significant role in international financial policy. His reputation grew further during his tenure at the Federal Reserve Bank of Richmond from 2002 to 2005, where he served as a president and chief executive officer.

Jerome Powell’s Current Net Worth (2025)

According to the latest available information, Jerome Powell’s net worth in 2025 is estimated to be around $50 million. This figure reflects his successful career in economics and finance.

Jerome Powell’s Career

Jerome Powell, born in 1953, began his career in law, graduating from Georgetown University Law Center in 1979. He then worked at various law firms before transitioning into finance. In 1990, he joined the Carlyle Group, a global investment firm, where he worked until 1997. Powell then served as an Undersecretary of the Treasury for Domestic Finance under President George W. Bush from 2001 to 2004. In 2012, he was nominated by President Barack Obama to serve on the Federal Reserve Board of Governors, a position he held until 2018. In January 2018, President Donald Trump nominated Powell to serve as the 16th Chair of the Federal Reserve, a position he still holds.

Other Ventures

Before his role at the Federal Reserve, Powell served on the boards of several companies, including The Federal Reserve Bank of Richmond, The Bipartisan Policy Center, and The Economic Club of Washington. He also taught at Georgetown University’s Law Center and the McDonough School of Business.

Assets

Powell’s assets include a substantial real estate portfolio, with properties in Washington D.C. and Maryland. He also has investments in various financial institutions and corporate stocks, reflecting his background in finance. His compensation as Chair of the Federal Reserve includes a salary of $203,500 per year, along with benefits and a pension.

Annual Income

As Chair of the Federal Reserve, Powell earns an annual salary of $203,500. This is a significant increase from his previous roles, such as his time at the Carlyle Group, where he likely earned a substantial but undisclosed salary. His annual income also includes other forms of compensation, such as benefits and pensions.

Frequently Asked Questions about  Jerome Powell

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Frequently Asked Questions: Jerome Powell Net Worth

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1. Who is Jerome Powell?

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Jerome Powell is an American lawyer and economist who serves as the 16th Chair of the Federal Reserve, the central banking system of the United States. He was nominated by President Donald Trump and has served since February 2018.

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2. When was Jerome Powell born?

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Jerome Powell was born on December 6, 1953, in Washington, D.C.

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3. What is Jerome Powell’s educational background?

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Powell graduated with a Bachelor of Arts degree in politics from Princeton University in 1975. He then earned a Juris Doctor from Georgetown University Law Center in 1979.

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4. What was Jerome Powell’s career path before the Federal Reserve?

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Before his appointment to the Federal Reserve, Powell had a successful career in law and finance. He worked at various law firms, including Davis Polk & Wardwell, and later served as a lawyer in the Justice Department. He also worked at the Carlyle Group, a private equity firm, from 1997 to 2005.

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5. How long has Jerome Powell been the Chair of the Federal Reserve?

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Powell was nominated by President Trump in November 2017 and began his term as the Chair of the Federal Reserve on February 5, 2018.

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6. What is Jerome Powell’s political affiliation?

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Jerome Powell is a registered Independent.

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7. What is Jerome Powell’s net worth?

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As of recent estimates, Jerome Powell’s net worth is approximately $120 million.

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8. How did Jerome Powell amass his wealth?

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Powell’s wealth comes from his successful career in law and finance, including his work at law firms and the Carlyle Group. He also has significant investments in various assets.

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9. Does Jerome Powell have any family members in politics?

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No, Jerome Powell does not have any family members in politics. His family background is in law and business.

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10. What are Jerome Powell’s views on cryptocurrency?

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Powell has expressed caution about cryptocurrencies, stating that they are not suitable for most people due to their volatility and lack of intrinsic value. However, he also acknowledges that they can play a role in the global financial system.