13 billionaires will make Trump's administration the richest ever. So who are they?
MSN via ABC News ^ | 12/26/2024
Posted on 12/26/2024 6:23:29 PM PST by SeekAndFind
President-elect Donald Trump has assembled the wealthiest presidential administration in modern history, with at least 13 billionaires set to take on government posts.
They include a wrestling magnate, a private space pioneer, a New York real estate developer, the heir to a small appliance empire, and the wealthiest man on the planet -- with several being donors and close personal friends of the incoming president.
In total, the combined net worth of the wealthiest members of his administration could surpass $460 billion, including Department of Government Efficiency co-head Elon Musk -- whose net worth of more than $400 billion exceeds the GDP of mid-sized countries. Vivek Ramaswamy, the other DOGE co-head is estimated to have a net worth of $1 Billion.
Even discounting Musk and Ramaswamy, Trump's cabinet is still expected to be the wealthiest in history, with reported billionaires Howard Lutnick nominated as commerce secretary, Linda McMahon nominated as education secretary, and Scott Bessent nominated as treasury secretary. Together, Trump's expected cabinet is worth at least $7 billion.
Trump's ambassador picks also include several billionaires, including financier Warren Stephens, who has been tapped to serve as the ambassador to the United Kingdom, Conair executive Leandro Rizzuto Jr., tapped to serve as the ambassador to the Organization of American States, Charles Kushner, named the ambassador to France, and Tom Barrack, named the ambassador to Turkey.
"It's not a surprise that [Trump] surrounds himself with people who come from the same world that he does," said Jordan Libowitz, vice president of communications for the watchdog group Citizens for Responsibility and Ethics in Washington. "The billionaire class of businessmen is who he is and who he wants to be seen as, and who he wants to be seen with."
(Excerpt) Read more at msn.com ...
TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: billionaires; cabinet; trump
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1 posted on 12/26/2024 6:23:29 PM PST by SeekAndFind
To: SeekAndFind
So a culture of very successful people who don’t like to lose. What’s the problem?
2 posted on 12/26/2024 6:25:19 PM PST by FreedomForce
To: FreedomForce
Looks like we’re giving the one world government a challenge
3 posted on 12/26/2024 6:29:28 PM PST by knarf (Ther )
To: FreedomForce
RE: What’s the problem?
There ought to be none... except, this will be used by detractors to accuse him of making policies to benefit the wealthy to the detriment of the working class.
Tax cuts? Elon, Vivek et al. don’t need them but they’ll benefit anyway <-— so the usual accusations go. You’ll hear this being repeated once again next year.
4 posted on 12/26/2024 6:31:30 PM PST by SeekAndFind
To: SeekAndFind
The clowns claiming to have a problem with billionaires—are billionaires.
5 posted on 12/26/2024 6:34:48 PM PST by Fungi
To: FreedomForce
They are rich and probably CEOs..
AKA the lefts new boogiemen.
6 posted on 12/26/2024 6:36:26 PM PST by cableguymn (They don't want peace they want skeletons )
To: SeekAndFind
These billionaires are volunteers. They are not there for the money.
Contrast with the usual politicians who go to Washington to get rich from corruption.
7 posted on 12/26/2024 6:37:27 PM PST by UnwashedPeasant (I The pandemic we suffer from is not COVID. It is Marxist Democrat Leftism. )
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