What Is Jerome Powell's Net Worth in 2025? Inside the Wealth of the Fed Chair

TEMPO.CO, Jakarta - Serving as the 16th Chair of the U.S. Federal Reserve, Jerome Powell's net worth is reported to be around US$20 to US$50 million, as of 2025. Despite having held the role of the chair of the Fed since 2018, Powell’s substantial figure is largely attributed to his earlier career as a partner at The Carlyle Group, a prominent private investment firm where he worked from 1997 to 2005. 

So, how did Jerome Powell make his money? Here's a breakdown of Jerome Powell’s salary, net worth, and career path, according to The Street and CEO Today. 

How much does Jerome Powell make?

Jerome Powell earns a government salary for his role as Chair of the Federal Reserve, one of the most powerful economic institution in the world. While Jerome Powell salary has been reported at US$190,000 annually, Investopedia notes that Fed Chair salary is US$250,600 annually, as of 2025.

Although this figure is modest compared to Jerome Powell's net worth, which is estimated to be between US$20 million and US$50 million, it underscores the significance of the position. As the governor of the Fed, Powell is not only responsible for the day-to-day operations of the Federal Reserve but also serves as a member of the Board of Governors. Often considered the second-most influential person in the U.S. after the president, Powell’s leadership has a direct impact on both national and global financial systems.

Jerome Powell’s career

Jerome Powell began his career by clerking for the United States Court of Appeals and later practicing law at various private firms in New York City. In 1984, he transitioned into investment banking, joining Dillon, Read & Co., where he eventually rose to the position of Vice President. 

Continuing his path in public service, Powell worked at the U.S. Department of the Treasury under President George H.W. Bush, serving as Undersecretary for Domestic Finance. After his tenure in government, he returned to the private sector, taking on executive roles at Bankers Trust, and later at private equity firms including The Carlyle Group and the Global Environmental Fund.

In 2005, Powell founded his own investment firm, Severn Capital Partners, and went on to serve as a Visiting Scholar at the Bipartisan Policy Center in Washington, D.C. He remained there until May 25, 2012, when he was appointed to the Federal Reserve Board of Governors.

Jerome Powell vs Donald Trump

First appointed by President Barack Obama in 2012 to the Federal Reserve Board of Governors, Jerome Powell was later elevated to Chair of the Fed by President Donald Trump on February 5, 2018. Though his current term runs until 2026, tensions have occasionally surfaced between Powell and Trump.

As quoted from The Street, despite the Federal Reserve’s independent status, Trump has expressed that the President should have influence over interest rate decisions. In April 2025, Trump advisers reportedly indicated that the president has been exploring ways to remove Powell from his position, largely due to claims that Powell “has made a lot of bad decisions.”

Nonetheless, Powell has remained steadfast in his role, emphasizing that he intends to serve out his full term as Chair of the Federal Reserve.

How old is Jerome Powell?

Jerome Powell was born on February 4, 1953, which makes him 72 years old as of 2025.

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