Donald Trump’s Second Cabinet Features Record Billionaire Wealth

Benzinga

Donald Trump’s second administration is set to feature a record concentration of wealth, with numerous billionaires and centimillionaires poised to join his Cabinet. The richest pick so far is Elon Musk, the CEO of Tesla and SpaceX, who will co-lead a government efficiency advisory group alongside entrepreneur Vivek Ramaswamy. Musk’s net worth is over $360 billion, while Ramaswamy’s is valued at $1 billion. Trump’s administration nominees average a net worth of over $600 million, dwarfing the more than $100 million estimated for President Biden’s Cabinet.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Donald Trump's second administration is set to feature a record concentration of wealth,

00:06with numerous billionaires and centi-millionaires poised to join his cabinet.

00:10The richest pick so far is Elon Musk, the CEO of Tesla and SpaceX,

00:14who will co-lead a government efficiency advisory group alongside entrepreneur Vivek Ramaswamy.

00:20Musk's net worth is over $360 billion, while Ramaswamy's is valued at $1 billion.

00:26Trump's administration nominees average a net worth of over $600 million,

00:30dwarfing the more than $100 billion estimated for President Biden's cabinet.

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