{"id":115231,"date":"2024-12-05T15:57:36","date_gmt":"2024-12-05T11:57:36","guid":{"rendered":"https:\/\/abcmedia.am\/?p=115231"},"modified":"2024-12-05T16:23:55","modified_gmt":"2024-12-05T12:23:55","slug":"the-wealthiest-administration-in-history-who-are-trumps-picks-and-how-much-wealth-do-they-have","status":"publish","type":"post","link":"https:\/\/abcmedia.am\/en\/politics\/115231\/","title":{"rendered":"The wealthiest administration in history: Who are Trump&#8217;s picks and how much wealth do they have?"},"content":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body><p>U.S. President-elect Donald Trump is on track to break the record he set in 2016 for appointing the wealthiest cabinet in history, tapping billionaires for his next administration.<\/p>\n<p>Elon Musk: The Tesla and SpaceX founder has become one of Trump&rsquo;s closest confidants in recent months and has been tapped, alongside fellow billionaire Vivek Ramaswamy, to lead the newly created Department of Government Efficiency, an advisory board that will work to &ldquo;dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures and restructure Federal Agencies,&rdquo; according to Trump (<a href=\"https:\/\/www.forbes.com\/sites\/saradorn\/2024\/12\/04\/the-billionaires-in-trumps-next-administration-elon-musk-jared-isaacman-warren-stephens-and-more\/\" target=\"_blank\" rel=\"noopener\">Forbes<\/a> valuation: $337.3 billion).<\/p>\n<p>Warren Stephens: Trump&rsquo;s choice for UK ambassador, a role that requires Senate confirmation, Stephens is a major Trump donor who heads the Arkansas-based investment bank Stephens Inc., which was founded by his uncle nearly a century ago and is known for its role in Walmart&rsquo;s 1970 initial public offering (Forbes valuation: $3.4 billion).<\/p>\n<p>Linda McMahon: The former WWE CEO is Trump&rsquo;s pick for Education secretary, pending Senate approval; she co-chaired his transition team alongside fellow billionaire Howard Lutnick and served as the administrator of the Small Business Administration during Trump&rsquo;s first term before chairing the America First Policy Institute, a think tank that raised millions to elect Trump (Forbes valuation: $3.4 billion).<\/p>\n<p>Jared Isaacman: The latest billionaire tapped by Trump on Wednesday as administrator of the National Aeronautics and Space Administration, Isaacman is the founder and CEO of the Pennsylvania-based processing firm Shift4 Payments who founded the defense firm Draken International in 2011 and sold it to Blackstone in 2019 for a reported nine-figure sum (Forbes valuation: $3 billion).<\/p>\n<p>Howard Lutnick: Co-chair of Trump&rsquo;s transition team, the Cantor Fitzgerald CEO is Trump&rsquo;s pick for commerce secretary. (Forbes valuation: $1.5 billion).<\/p>\n<p>Vivek Ramaswamy: A biotech entrepreneur and one of the youngest billionaires in the country, Ramaswamy built his wealth through Roivant Sciences (Forbes valuation: $1 billion).<\/p>\n<p>Trump has selected several other wealthy (but not billionaire) individuals to serve in his administration. $340 billion. That&rsquo;s the combined net worth of Trump&rsquo;s cabinet nominees and appointees.<\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"<p>U.S. President-elect Donald Trump is on track to break the record he set in 2016 for appointing the wealthiest cabinet in history, tapping billionaires for his next administration. Elon Musk: The Tesla and SpaceX founder has become one of Trump&rsquo;s closest confidants in recent months and has been tapped, alongside fellow billionaire Vivek Ramaswamy, to [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":115227,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[35,43,47,57],"tags":[],"class_list":["post-115231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics","category-world","category-society","category-top-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/posts\/115231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/comments?post=115231"}],"version-history":[{"count":0,"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/posts\/115231\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/media\/115227"}],"wp:attachment":[{"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/media?parent=115231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/categories?post=115231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/tags?post=115231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}