Trump's Cabinet could be the wealthiest in modern history
Many appointees come from old money. The issue now is whether they will craft policies favouring the rich
Washington
WHEN George W Bush assembled his first Cabinet in 2001, news reports dubbed its members a team of millionaires, and government watchdogs asked whether they were out of touch with most Americans' problems. Combined, that group had an inflation-adjusted net worth of about US$250 million - but that is only a 10th of the wealth of Donald Trump's nominee for Commerce secretary alone.
The president-elect is putting together what will be the wealthiest administration in modern American history. His announced nominees for top positions include multimillionaires, an heir to a family mega-fortune and two Forbes-certified billionaires. The rumoured candidates for other positions could add to the list.
TRENDING NOW
Haidilao co-founder’s family buys second bungalow in Cluny Hill for S$85 million
Executive assistants making US$100,000 a year are losing jobs to AI
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
‘Even a CEO’s job can be replaced by AI’: DBS CEO Tan Su Shan bets big on agentic AI