(NewsNation) — Donald Trump is a money man, and the billionaire himself will lead a wealthy White House Cabinet should all of his nominations gain Senate approval.
The President-elect has a net worth of $5.7 billion, as of Dec. 1, according to Forbes, and he has chosen a slew of fellow billionaires to serve in his second administration.
His proposed Cabinet, with Senate confirmation, will include former professional wrestler and WWE co-founder Linda McMahon, Wall Street executive Howard Lutnick, North Dakota Gov. Doug Burgum and hedge fund money manager Scott Bessent — all billionaires.
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Their combined net worths total $10.7 billion, according to U.S. News & World Report’s calculations. That’s $4.5 billion more than Trump’s first-term Cabinet. In comparison, President Joe Biden’s Cabinet total net worth was $118 million — with an M.
Trump also selected tech entrepreneurs Elon Musk and Vivek Ramaswamy to lead his inaugural Department of Government Efficiency. These positions do not require Senate confirmation, but they raise the overall net worth of Trump’s incoming administration to $344.4 billion.
