Trump 2.0 Cabinet Set to Break Wealth Records with a $9 Billion Net Worth

President-elect Donald Trump is on track to assemble the wealthiest cabinet in U.S. history, potentially eclipsing his 2016 record. The combined net worth of his incoming cabinet is estimated to be nearly $9 billion, with the inclusion of prominent billionaires such as Tesla CEO Elon Musk, who is expected to take on an unofficial advisory role focused on reducing government waste.

Trump’s first cabinet in 2016 held a then-unprecedented $6 billion in collective wealth. If Musk’s wealth is considered, the incoming cabinet’s total net worth could surge above $340 billion, according to reports by Daily Mail.

Profiles of Trump’s ‘Richie Rich’ Nominees

1. Scott Bessent – Secretary of the Treasury
Bessent, a billionaire hedge fund manager, gained fame in the 1990s as part of George Soros’ team that profited over $1 billion in a single day by shorting the British pound. His exact net worth remains unclear but is believed to be in the billions.

2. Robert F. Kennedy Jr. – Secretary of Health and Human Services
With a net worth estimated at $15 million, much of Kennedy’s wealth stems from his marriage to actress Cheryl Hines and inheritance from the Kennedy family. His inclusion in Trump’s cabinet has drawn attention for its bipartisan appeal.

3. Howard Lutnick – Secretary of Commerce
A long-time friend of Trump, Lutnick is the CEO of financial services giant Cantor Fitzgerald LP. His wealth is estimated to range between $2.2 billion and $4 billion, solidifying his place among the richest cabinet members.

4. Linda McMahon – Secretary of Education
The co-founder of WWE and former Administrator of the Small Business Administration, McMahon has built a wrestling empire with her husband Vince McMahon, whose wealth is pegged at $3 billion.

5. Steve Wright – Secretary of Energy
Wright, CEO and co-founder of Liberty Energy, holds a $50 million stake in the firm. He also earns millions from board positions at companies like Oklo and EMX Royalty Corp. His 2023 earnings reportedly amounted to $5.6 million.

6. Doug Burgum – Secretary of Interior
The North Dakota Governor made his fortune in the tech industry by selling Great Plains Software to Microsoft for $1.1 billion in 2001. Forbes estimates his net worth at over $100 million, potentially much higher.

7. Dr. Mehmet Oz – Medicare and Medicaid Administrator
The famed TV physician and former Senate candidate has amassed wealth ranging from $100 million to $315 million, according to financial disclosures. His media career and investments have significantly boosted his net worth.

Breaking Records Again

Trump’s cabinet appointments underscore his preference for candidates with substantial private-sector experience. Critics argue that the extraordinary wealth of his nominees may create conflicts of interest, while supporters believe their success in business will translate into effective governance.

The incoming cabinet, with its staggering net worth, reflects Trump’s approach to leadership: assembling a team of high achievers to tackle some of the nation’s most pressing issues. Whether this wealth translates into public benefit remains to be seen.

As Trump’s second term begins, his cabinet's financial standing may set a historical benchmark—one that is unlikely to be matched anytime soon.