Billionaires in Trump’s New Administration

President-elect Donald Trump is poised to surpass his previous record by assembling the wealthiest cabinet in U.S. history, including a number of billionaires.

Here are the key Appointments in Trump’s Administration:

Elon Musk 

Recently one of Trump’s trusted advisors, the Tesla and SpaceX mogul has been appointed to lead the Department of Government Efficiency. This new body aims to reduce bureaucracy, cut excessive regulations, and overhaul federal agencies. Musk’s net worth is estimated at $337.3 billion by Forbes.

Warren Stephens 

Nominated as the U.K. ambassador, Stephens is a significant Trump supporter and heads the investment bank Stephens Inc., known for its involvement in Walmart’s initial public offering in 1970. His estimated net worth is $3.4 billion.

Linda McMahon 

Selected as the Education Secretary, the former WWE CEO previously served as the administrator of the Small Business Administration under Trump’s first term and later led the America First Policy Institute. She is valued at $3.4 billion.

Jared Isaacman

Chosen to head NASA, Isaacman is the CEO of Shift4 Payments and founder of the defense firm Draken International, which he sold to Blackstone in 2019 for a considerable sum. Forbes estimates his wealth at $3 billion.

Howard Lutnick

The Cantor Fitzgerald CEO and co-chair of Trump’s transition team has been picked as the Commerce Secretary. Lutnick rebuilt the firm after losing 658 employees in the 9/11 attacks, with a net worth of $1.5 billion.

Vivek Ramaswamy

A biotech entrepreneur and one of America’s youngest billionaires, Ramaswamy founded Roivant Sciences, which went public in 2021. He has a net worth of $1 billion.