here are the ones that will be part of his cabinet

The president-elect of the United States, Donald Trumpis on track to beat the record he set in 2016 for the richest cabinet in history. Here are the billionaires he wanted in his next administration.

The billionaires in Trump's cabinet

• Elon Musk (assets: 430.9 billion dollars). The Tesla CEO and SpaceX founder has become one of Trump's closest confidants in recent months and, together with the other billionaire Vivek Ramaswamy, has been chosen to lead the new Department for Government Efficiency, an advisory committee that, according to Trump, he will work to “dismantle government bureaucracy, eliminate excess regulations, cut wasteful spending, and restructure federal agencies.”
• Tilman Fertitta (assets: 10.4 billion dollars). The owner of the NBA's Houston Rockets and the Landry's restaurant and entertainment company was chosen by Trump as ambassador to Italy.
• Warren Stephens (assets: 3.4 billion dollars). Selected by Trump to be ambassador to the United Kingdom, a role that requires Senate confirmation, Stephens is one of Trump's major donors. He heads Arkansas investment bank Stephens Inc., which was founded nearly a century ago by his uncle and is best known for his role in Walmart's 1970 initial public offering.
• Linda McMahon (estate of her husband, the former president and CEO of WWE Vince McMahon: 3 billion dollars). The former CEO of WWE was selected by Trump as Secretary of Education, awaiting the green light from the Senate. McMahon also chaired Trump's transition team alongside fellow billionaire Howard Lutnick. She served as administrator of the Small Business Administration during Trump's first term before moving on to become president of the America First Policy Institute, a think tank that has raised millions to help elect the next president.
• Jared Isaacman (assets: 1.8 billion dollars). Nominated by Trump as NASA administrator, Isaacman is the founder and CEO of Shift4 Payments, a Pennsylvania-based payment processing company that founded defense firm Draken International in 2011 and sold it to Blackstone in 2019 for hundreds of millions of dollars.
• Howard Lutnick (assets: 1.5 billion dollars). Co-chairman of Trump's transition team, Cantor CEO Fitzgerald is the president's choice for secretary of Commerce (another position that requires the Senate's green light). He is known for rebuilding the financial services company where he spent his entire career after it lost 658 employees in the September 11, 2001 attacks.
• Kelly Loeffler (husband's net worth: $1.1 billion). The former Republican senator from Georgia, chosen by Trump to lead the Small Business Administration, is married to the billionaire founder of International Exchange, Jeff Sprecher.
• Vivek Ramaswamy (assets: 1 billion dollars). A biotech entrepreneur, among America's youngest billionaires, Ramaswamy built his wealth on Roivant Sciences, a company he founded almost ten years ago, went public in 2021 and managed to bring several drugs to the market. Ramaswamy also attempted a presidential run.

The other rich people of the next administration

Trump has nominated many other wealthy (but not billionaires) to positions in his administration. John Phelanfounder of MSD Capital, was chosen as secretary of the Navy, and Charles KushnerIvanka Trump's father-in-law and founder of real estate firm Kushner Companies, as ambassador to France. Massad BoulosTiffany Trump's father-in-law, chosen as senior advisor for the Middle East, was presented as a business titan, even if the New York Times he wrote that he runs a truck dealership in Nigeria worth about $865,000.

The context

Trump, a billionaire himself, with a fortune estimated at 6.1 billion dollars, quickly appointed his entire cabinet after his election victory, orienting himself towards rich people and Wall Street executives as he had already done in his first term. Historians said at the time that his cabinet was the richest in history.

Media coverage of Trump's appointments has mostly focused on some of the most controversial names, including his first choice for attorney general, the former Republican congressman Matt Gaetzwho called it quits amid a sexual harassment scandal (he denied the allegations). Even Trump's choice as Secretary of Defense, Pete Hegsethis at risk after the release of a 2017 sexual assault allegation and, more recently, alcohol abuse allegations. Hegseth has denied all allegations.

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