SUBSCRIBERS

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

    Published Thu, Dec 1, 2016 · 09:50 PM

    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.

    Share with us your feedback on BT's products and services