-----------------------------------President-elect Donald Trump – who often campaigned on the
idea that he would “rescue our middle class” and fight for the average American – has chosen billionaires to help shape his administration.So far Trump’s billionaire nods include Tesla CEO Elon Musk, Entrepreneur Vivek Ramaswamy, former professional wrestling mogul Linda McMahon, Wall Street executive Howard Lutnick, North Dakota Gov. Doug Burgum, money manager Scott Bessent, entrepreneur Jared Isaacman, real estate tycoon Steven Witkoff and investment banker Warren Stephens.With the exception of Musk and Ramaswamy – who were picked for an advisory body called the
Department of Government Efficiency rather than a Cabinet or other senior position – the group will need to be confirmed by the Senate before they are official.The total net worth of the billionaires in the Trump administration, as of Dec. 10 equals at least $382.2 billion – which is
more than the GDP of 172 different countries. Since Musk, Ramaswamy, Witkoff, Isaacman and Stephens won’t be part of Trump’s Cabinet, excluding them brings the net worth of Trump’s Cabinet to at least $11.8 billion, assuming all nominees are approved in the Senate.