Public announcements from the Office of Government Ethics or similar bodies

Trump's Cabinet of 14 Billionaires, Worth $360 Billion, Awaits Senate Approval

Dec 6, 2024, 05:22 PM

President-elect Donald Trump is assembling a cabinet that includes a significant number of billionaires and ultra-wealthy business leaders, a move that has sparked discussions on potential ethics conflicts and the administration's alignment with populist promises. The combined wealth of Trump's cabinet members is reported to exceed the GDP of several countries, including New Zealand. Notable appointees include key figures from Trump's home state of Florida, and the administration's wealth is said to be at least $10 billion, with some reports suggesting a total net worth of $360 billion among 14 billionaires. This wealth concentration has raised concerns among critics who argue that these appointees might prioritize their own interests over those of working families. The nominees and appointees will need Senate approval before they can officially take office.