ToplineKevin Warsh on Tuesday disclosed assets worth more than $100 million—separate from those of his billionaire wife—as his nomination to lead the Federal Reserve advances through the Senate, likely making the former central bank official the richest person ever to hold the role if confirmed. Warsh’s finances are boosted by his billionaire wife, Jane Lauder. Sylvain Gaboury/Patrick McMullan via Getty ImagesKey FactsWarsh, who disclosed his finances with the Office of Government Ethics, reported investments and holdings worth roughly $131 million to $209 million, in addition to holdings from his billionaire wife, Jane Lauder.That would exceed assets reported by Fed Chair Jerome Powell, who disclosed wealth up to $75 million last year and was believed to be the richest person in the position since at least 1948.Warsh reported two investments with the Juggernaut Fund worth more than $50 million and $10.2 million in compensation from the Duquesne Family Office, the investment firm launched by billionaire Stanley Druckenmiller to manage his personal wealth, where Warsh has worked since 2011.He disclosed $3 million in income from Stanford University, where Warsh is a fellow at the right-leaning Hoover Institution, as well as dozens of other holdings worth less than $1,000, including the “bionic movement-enhancing wearable clothing” firm Cionic, the “reversible male contraceptive solution” Contraline and Cafe X, a “robotic coffee bar platform.”Warsh’s filing indicates he will resign from several jobs, including board seats at UPS and South Korean retail firm Coupang, if confirmed as Fed chair.Forbes ValuationLauder has an estimated net worth of $1.9 billion as of Tuesday. Druckennmiller, who worked as a hedge fund manager alongside billionaire George Soros, is the 469th-richest person in the world with an estimated net worth of $7.8 billion.What To Watch ForSenate Banking Committee chair Tim Scott on Tuesday told Fox Business a confirmation hearing for Warsh will be held sometime next week, after an earlier hearing scheduled for April 16 was delayed. Scott said he expects the Justice Department to soon end its probe into a renovation project at the Federal Reserve, potentially clearing the way for approval from Sen. Thom Tillis, R-N.C., who has said he would not support Warsh’s confirmation until the investigation was resolved. Kevin Warsh: George W. Bush Nominee And Jerome Powell CriticWarsh was nominated to the Federal Reserve’s Board of Governors by former President George W. Bush in 2006, making him, at age 35, the youngest person to join the central bank. He previously worked as a banker at Morgan Stanley, before joining the Bush administration in 2002 as executive secretary at the National Economic Council. Warsh aided in the Obama administration’s bailout of insurer AIG during the 2008 financial crisis and assisted in JPMorgan’s acquisition of Bear Stearns, the 85-year-old brokerage that collapsed as the investment banking industry failed. He resigned from the Fed in 2011 to work for the Duquesne Family Office and the Hoover Institution. Warsh, who was among the finalists before Trump nominated Powell as Fed chair in 2017, criticized Powell and the central bank last year, claiming its policy had been “broken for quite a long time” and claiming Trump had a “right to be frustrated” with Powell’s refusal to lower interest rates more quickly.Key BackgroundWarsh’s nomination to lead the Federal Reserve follows President Donald Trump’s ridicule and criticism of Powell, whose term is set to end in May. Trump has disagreed with many of Powell’s decisions as chair, including the central bank’s cautious approach to interest rate cuts. Trump’s Justice Department launched an investigation into Powell earlier this year over alleged false statements he made about a $2.5 billion renovation of the Fed’s headquarters, which Powell has denied. A federal judge blocked the probe last month, ruling there was “abundant” evidence the investigation was meant to “harass and pressure” Powell to resign. Further ReadingForbesTrump Officially Nominates Kevin Warsh As Fed ChairBy Antonio Pequeño IV