Having looked into it, Waller should become the richest chair in the 112-year history of the Federal Reserve, easily surpassing the current Powell and former Bernanke!
According to financial disclosures, his personal assets are estimated to be between $131 million and $209 million, which includes two funds valued at over $50 million each.
His wife, Jane Lauder, is the heiress of Estée Lauder, with Forbes estimating her net worth at about $1.9 billion. His father-in-law, Ronald Lauder, has long been a major Republican benefactor and is also a longtime friend of Trump.
His mentor was Soros's former partner Druckenmiller, recognized on Wall Street as the "King of Macro Trading," from whom Waller earned nearly $60 million.
The current Waller, a non-typical economist without a doctoral degree, has accumulated top-tier composite capital:
Power capital (Federal Reserve Board + White House experience) + Network capital (Estée Lauder family + Druckenmiller + Trump donor father-in-law) + Financial capital (hedge fund investments + unicorn holdings) + Knowledge capital (Stanford Harvard + Hoover Institution)
Four layers of capital overlap, each layer amplifying the next.
This is amazing; Waller is truly the idol of ordinary men like us, this is the real super individual!
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