Trump appoints 13 billionaires worth $460 billion to administration

The combined net worth of those 13 appointees exceeds $450 billion—surpassing the GDP of 175 countries—and Elon Musk alone is worth over $400 billion (U.S. News)

Trump’s 2025 cabinet is over 1,000 times wealthier than President Biden’s 2021 cabinet, which had a total net worth of $118 million (Americans for Tax Fairness)

Commerce Secretary Howard Lutnick owns about 60% of financial services firm Cantor Fitzgerald while serving in the Cabinet, creating a direct conflict of interest (ABC News)

Education Secretary Linda McMahon, former CEO of WWE, retains extensive financial interests in sports entertainment and related media businesses (ABC News)

Public Citizen reports that Trump’s billionaire appointees represent the top 0.0001% of Americans, while the other 99.9999% earn an average yearly income of $61,000 (Public Citizen)

Seven of the 21 Cabinet members reported holding at least $10 million in assets, according to CNN’s analysis of financial disclosures

All 13 billionaire appointees support extending the 2017 Tax Cuts and Jobs Act, a proposal projected to cost $5 trillion (Americans for Tax Fairness)