Powell Is Trump's Kind of Rich

If there's one thing President Donald Trump likes as much as himself, it's people who have money. (See Steven Mnuchin, Rex Tillerson, Wilbur Ross and Gary Cohn, to start.)

On that score, Jerome Powell, whom Trump is widely expected to nominate as the next Federal Reserve chairman, should fit right in. In fact, he's probably wealthier than most people realize.

Powell, who is already a Fed governor, is a former Carlyle Group executive and investment banker. Most reports have pegged his wealth at as much as $55 million. His actual net worth could be double that. The $55 million figure comes from his most recent financial disclosure form. But that form leaves off much of the value of what is likely Powell's largest asset, his investment in the Vanguard Total Stock Market index fund.