politics @lemmy.worldEnglish · 5 days ago

Trump’s Team of Billionaires Will Be the Wealthiest Administration in U.S. History

www.thedailybeast.com

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Trump’s Team of Billionaires Will Be the Wealthiest Administration in U.S. History

www.thedailybeast.com

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politics @lemmy.worldEnglish · 5 days ago

His Cabinet alone is worth an estimated $10 billion.

Summary

Donald Trump is forming the wealthiest administration in U.S. history, collectively worth over $330 billion.

Billionaires like Elon Musk ($300B), Linda McMahon, and Vivek Ramaswamy are key appointees, alongside ultra-wealthy Cabinet members.

Musk and Ramaswamy will lead a new Department of Government Efficiency, pushing for deep public spending cuts.

The administration’s combined wealth far surpasses that of Joe Biden’s Cabinet and rivals the GDP of some nations.

Critics argue this contrasts with Trump’s populist messaging, while Senate confirmations could spotlight wealth disparities.

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4 days ago
I’m sure they will also see the largest increase in personal wealth of any administration.

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