| Celebrity Name: | Jerome Powell |
| Real Name: | Jerome Hayden Powell |
| Gender: | Male |
| Age: | 71 years old |
| Date Of Birth: | 4 February, 1962 |
| Birth Place: | Washington DC, United States |
| Marital Status: | Married |
| Profession: | economist, investment banker, |
| Net Worth in 2024: | $50 million |
Jerome Powell Net Worth
Jerome Powell is an American economist and banker. He is the current Chairman of the Federal Reserve. As the head of the U.S. central banking system, Powell holds a position of significant influence and responsibility.
Jerome Powell net worth is $50 million. He is one of the wealthiest chairmen of the Federal Reserve.
Early Life
Jerome Hayden Powell was born on February 4, 1953, in Washington, D.C. He was born to Jerome Powell and Patricia. Powell attended Georgetown Preparatory School. He earned a Bachelor of Arts degree in politics from Princeton University in 1975 and a Juris Doctor degree from Georgetown University Law Center in 1979.
Career
Powell’s career began in law, as he worked as a lawyer and investment banker in New York City. In 1979, he became a clerk to Judge Ellsworth Van Graafeiland of the United States Court of Appeals for the Second Circuit. From 1983 to 1984, he worked at the firm of Werbel & McMillen. From 1984 to 1990, Powell worked as an investment banker at Dillon, Read & Co. In 1992, he became the Under Secretary of the Treasury for Domestic Finance. From 1993 to 1995, he worked as a managing director for Bankers Trust. From 2010 to 2012, Powell was a visiting scholar at the Bipartisan Policy Center.
In 2008, Powell became a managing partner of a private equity and venture capital firm, Global Environment Fund.
He co-founded the investment banking firm Severn Capital Partners and served as a partner at The Carlyle Group, a global investment firm. In 2012, President Barack Obama appointed Powell to the Federal Reserve Board of Governors. He became Chair of the Federal Reserve on February 5, 2018, following his nomination by President Donald Trump and subsequent confirmation by the U.S. Senate. As Chair, Powell plays a pivotal role in shaping and implementing monetary policy, overseeing financial regulation, and guiding the U.S. economy.
He worked for a salary of $1 per year.
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Personal Life
In 1985, Powell married Elissa Leonard and they have three children together. Powell has been described as diligent, measured, and level-headed, qualities that have contributed to his success in his professional life.
Awards and Achievements
Jerome Powell’s notable achievement is his appointment as Chair of the Federal Reserve, a position that holds immense influence over the U.S. economy. Throughout his tenure, Powell has faced various economic challenges, including managing monetary policy amid the COVID-19 pandemic.
Earnings
As Chair of the Federal Reserve, Powell’s salary is set by law and is subject to congressional approval. In 2019, Powell earned an annual salary of $203,500 and in 2023, his salary was $226,300. It’s important to note that the net worth of a Federal Reserve Chair is not publicly disclosed, as they are required to avoid conflicts of interest and maintain impartiality.
Jerome Powell net worth is $50 million. Throughout his career, he has held significant positions in finance, law, and government. As the head of the U.S. central banking system, Powell’s influence and impact on the U.S. economy are substantial.
