Trump's Fed chair pick Warsh discloses fortune, SpaceX and Polymarket stakes

The news: Donald Trump's nominee for Federal Reserve chair, Kevin Warsh, has disclosed assets worth well over USD100 million ($140.2 million) ahead of his confirmation hearing, underlining his extensive interests in Wall Street and Silicon Valley through investments and advisory relationships.

Warsh's sprawling set of financial interests includes stakes in Elon Musk's SpaceX and prediction market firm Polymarket, Reuters noted. The extent of his holdings puts him on track to be the wealthiest central bank leader in history if he can get confirmed.

Warsh's 69-page filing, published by the Office of Government Ethics, lists two holdings in a vehicle called the Juggernaut Fund each worth more than USD50 million, whose underlying assets were withheld due to pre-existing confidentiality agreements.

The numbers: According to filing, he received more than USD13 million in consulting fees last year, including USD10.2 million from billionaire hedge fund manager Stanley Druckenmiller's family office, Duquesne, USD1.6 million from hedge fund GoldenTree Asset Management, USD750,000 from PE firm Cerberus Capital Management, and more than USD1.5 million for speaking engagements, including USD750,000 from hedge fund Brevan Howard for three occasions.