{"id":411485,"date":"2023-07-10T21:21:36","date_gmt":"2023-07-10T21:21:36","guid":{"rendered":"https:\/\/insidebitcoins.com\/?page_id=411485"},"modified":"2023-08-29T19:15:09","modified_gmt":"2023-08-29T19:15:09","slug":"jerome-powell-net-worth","status":"publish","type":"page","link":"https:\/\/insidebitcoins.com\/bitcoin-investors\/jerome-powell-net-worth","title":{"rendered":"Jerome Powell Net Worth, Crypto, and NFT Investments"},"content":{"rendered":"

Jerome Powell’s net worth is estimated to be around $55 million. With that, he is regarded as one of the richest Fed chairs in history. Findings show that he acquired a larger portion of his wealth before he became the Fed chair. In 2019, his annual salary was $203,500 and the figure went up to $226,300. The return added little to the net worth of Jerome Powell. <\/span><\/p>\n

\"Jerome<\/p>\n

Despite being a Republican, Powell has earned the trust of the Biden administration. During his first term as Fed chair, various controversies ensued which brought about a huge doubt on his reappointment. However, he was reappointed by Joe Biden upon the confirmation of the U.S senate on May 23, 2022. <\/span><\/p>\n

Jerome Powell’s Net Worth<\/h2>\n
Year<\/th>Net Worth<\/th><\/tr>
2023<\/td>$55 million<\/td><\/tr><\/table>\n

Early Life<\/h2>\n

Jerome Hayden Powell was born on February 4, 1953, in Washington, D.C. He’s one of the six children of Patricia and Jerome Powell. His father, Powell was a lawyer while his maternal grandfather, James J. Hayden was the Dean of the Columbus School of Law at the Catholic University of America. Also, his maternal grandfather lectured at Georgetown Law School. Jerome Powell attended Georgetown Preparatory School, a Jesuit university-preparatory school. He graduated from the school In 1972, before proceeding to Princeton University. He received a Bachelor of Arts in politics from the university in 1975.<\/span><\/p>\n

Upon his graduation from Princeton, young Powell worked as a legislative assistant to Senator Richard Schweiker of Pennsylvania, a member of the Republican Party between 1975 to 1976. Thereafter, he proceeded to Georgetown University Law Center where he earned a Juris Doctor Degree in 1979. During his time at the institution, he served as the editor-in-chief of the Georgetown Law Journal. <\/span><\/p>\n

Later, Jerome Powell relocated to New York City. There, he was employed to work as a clerk to Judge Ellsworth Van Graafeiland of the United States Court of Appeals for the Second Circuit. In 1981, Powell served as a lawyer with popular international law firm, Davis Polk & Wardwell. He left the organization in 1983 and proceeded to work with Werbel & McMillen for a year. <\/span><\/p>\n

Investment Bank Career and Journey to Fed Chair<\/h2>\n

After many years of practicing the legal profession, Jerome Powell moved to the banking industry. He <\/span>was employed by an investment bank identified as Dillon, Read & Co between 1984 to 1990. Later, Powell relocated to the United States Department of the Treasury where he served under Nicholas F. Brady. Nicholas F. <\/span><\/p>\n