What is net worth of Trump's Cabinet? The staggering wealth of his nominees revealed
By WILL POTTER FOR DAILYMAIL.COM
Published: 01:42 EST, 1 December 2024 | Updated: 01:45 EST, 1 December 2024
Donald Trump is on course to assemble the richest cabinet in American history, with a number of billionaires sending its total net worth soaring over $9 billion - not even including Elon Musk.
While Musk will serve in an unofficial capacity focused on slashing government waste and therefore will not need Senate approval, those that will are set to break records.
The previous mark was unsurprisingly set by Trump in 2016 when his first cabinet boasted a combined net worth of $6 billion.
In comparison, the total net worth of Joe Biden's cabinet amounted to a paltry $120 million, according to Forbes.
This meant a number of Biden cabinet members had net worth's that paled in comparison to their predecessors, including Treasury Secretary Janet Yellen with a net worth 20 times smaller than Steven Mnuchin.
If Trump's new cabinet's net worth is to include figures like Musk, who are in the president-elect's orbit but will not need senate confirmation, the value skyrockets past the $340 billion mark.
The crack team of incoming billionaires includes Howard Lutnick, nominated for Secretary of Commerce who made his fortune in the aftermath of 9/11, and Energy Secretary-nominee Chris Wright, an oil fracking magnate.
Here, DailyMail.com takes a look at how Trump's incoming cabinet made their staggering fortunes.
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https://www.dailymail.co.uk/news/article-14144531/Trump-cabinet-net-worth-musk-lutnick-mcmahon.html
