Neil Freiman

The presumed next Fed chair is very, very rich.

Ahead of his confirmation hearing next week, Kevin Warsh discloses finances, and they are shockingly robust.

His assets total more than $130 million, which would make him by far the wealthiest Fed boss of all time.

So where do Warsh get all of this money?

He has a lot of investments, including stakes in SpaceX, Polymarket, and dozens of other startups.

His advice seems to be in demand, having booked $13 million in consulting fees last year alone, and he charges a pretty penny for sharing his wisdom with the crowds, netting $1.5 million for speaking engagements.

Not that he needs any of this.

Warsh is married to Jane Lauder,

an heir of Estee Lauder.

But affording a PJ doesn't automatically make you the Fed chair.

Warsh's nomination has been complicated by the DOJ's investigation of current chair Jerome Powell, and key senators will not vote on his candidacy until that Powell probe is wrapped up.

Amazon has launched just over 200 satellites so far and won't start deploying its direct-to-phone fleet until 2028.

Global Star, real company.

I thought it was fictional, and Amazon's trying to take on Starlink.

Okay, finally, let's wrap up the show with Suggestion Box, our new Wednesday segment where Toby and I each recommend something that's improved our lives in the hope that you'll find it useful as well.

Toby, what rec do you have for MBD listeners today?

You can go school year to school year.

Well, my thinking about it is going to be that.

Okay.

My recommendation is the app FlightRadar24.