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TRENDING TAGS
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- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
- Catherine Keating Appointed CEO of BNY Mellon Wealth Management
- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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NEWSLETTERS & ALERTS
Net Worth of Each Member of Trump's $4.5Bn Cabinet
[Photo: by Gage Skidmore / Wikimedia Commons]
“I want people that made a fortune!”
A populist wave may have propelled Donald Trump to the nation’s highest office, but he is proving to be no man of the people. Trump has already
proposed what appears to be the wealthiest Cabinet in modern U.S. history, a collection of elites that includes a billionaire heiress, ExxonMobil’s CEO, a
former Goldman Sachs partner and an investor who made millions off underwater mortgages during the financial crisis.
All told, Trump’s Cabinet is worth an estimated $4.5 billion -- and he still has 2 picks (the secretaries of agriculture and veterans’ affairs) to make.
Estimates for Trump’s Cabinet do not include the president-elect’s own (supposed) $3.7 billion fortune, or that of any officials outside the Cabinet who are
billionaires or members of a billionaire family, such as Army secretary pick Vincent Viola, Deputy commerce secretary pick Todd Ricketts and SBA pick Linda McMahon.
- Wilbur Ross: $2.5 billion (Secretary of Commerce)
- Betsy DeVos: $1.25 billion (Secretary of Education)
- Rex Tillerson: $325 million (Secretary of State)
- Steve Mnuchin: $300 million (Secretary of the Treasury)
- Andy Puzder: $45 million (Secretary of Labor)
- Ben Carson: $29 million (Secretary of Housing and Urban Development)
- Elaine Chao: $24 million (Secretary of Transportation)
- Tom Price: $10 million (Secretary of Health and Human Services)
- Jeff Sessions: $6 million (Attorney General)
- James Mattis: $5 million (Secretary of Defense)
- John Kelly: $4 million (Secretary of Homeland Security)
- Rick Perry: $2 million (Secretary of Energy)
- Mike Pence: $800,000 (Vice President)
- Ryan Zinke: $800,000 (Secretary of the Interior)