Jerome Powell's Net Worth - How Rich is He?

Jerome Powell's net worth is estimated at approximately $18-55 million.

Overview

Jerome Powell's net worth stats

Net worth:	$18-55 million
Source of wealth:	Salary
Date of birth:	February 4, 1953
Place of birth:	Washington, DC

Early life

Jerome Powell was born in Washington, DC, on February 4, 1953. He was one of six children born to Patricia and Jerome Powell, an attorney.

Education

Powell went to Princeton University, earning a Bachelor of Arts in politics in 1975. He worked for a year before going to Georgetown University Law Center to read for his Juris Doctor, which he attained in 1979.

Family life

In 1985, Jerome Powell married Elissa Leonard. They have three children together.

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How did Jerome Powell build his net worth?

Powell started as a clerk in New York City, after which he worked at two different law firms. In 1984 he started working at an investment bank called Dillon, Read & Co. His focus was on merchant banking, financing, and mergers and acquisitions. Over the six years of his tenure, he worked up to the position of president.

In 1990, Powell went to work for the U.S. Department of Treasury when President George Bush nominated him for undersecretary of the treasury for domestic finance. He negotiated with many notable figures, such as Warren Buffet, during his tenure.

Following his stint, he went to work with Bankers Trust and then followed that with several other ventures. Eventually, he founded Severn Capital Partners, a private investment firm. He also became the managing partner of the Global Economic Fund in 2008. This firm focused on venture capital and private equity, specifically in the sustainable energy sector. He has worked with most administrations on various topics until today. His annual salary is estimated at $200,000. Most of his net worth was gained during his tenure with the Carlyle Group, a private equity firm.