President-elect Donald Trump is on track to break the record he set in 2016 by naming the richest Cabinet in history, bringing those billionaires into his next administration.

Elon Musk: The Tesla and SpaceX founder has become one of Trump’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 “dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures and restructure Federal Agencies,” according to Trump (Forbes valuation: $430.9 billion).

Tilman Fertitta: The owner of the Houston Rockets and Landry’s restaurant and entertainment company, Fertitta is Trump’s pick for ambassador to Italy (Forbes valuation: $10.4 billion).

Stephen Feinberg: Co-founder of personal equity firm Cerberus Capital Management (about $65 billion in assets under management), Feinberg was nominated through Trump as the next deputy secretary of Defense after serving as chairman of the Intelligence Advisory Council of the president-elect. last term in the workplace (Forbes valuation: $5 billion).

Warren Stephens: Trump’s choice for U.K. 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’s 1970 initial public offering (Forbes valuation: $3.4 billion).

Linda McMahon: Former WWE CEO is Trump’s pick for Secretary of Education, pending Senate approval; She co-chaired his transition team with billionaire Howard Lutnick and served as administrator of the Small Business Administration during Trump’s first term before chairing the America First Policy Institute, a think tank that has raised millions for elected Trump ( McMahon is married to a WWE alumnus. Chairman and CEO Vince McMahon, whose worth is estimated at $3 billion).

Jared Isaacman: Hired by Trump as NASA administrator, Isaacman is the founder and CEO of Pennsylvania-based processing company Shift4 Payments, who founded defense firm Draken International in 2011 and sold it to Blackstone in 2019 for a reported nine-figure amount (Forbes valuation). : 1. 8 billion dollars).

Howard Lutnick: Co-chair of Trump’s transition team, Cantor CEO Fitzgerald is Trump’s pick for Commerce Secretary (which also requires Senate approval) and is well known for rebuilding the company financially, where he spent his entire career after the company lost 658 employees. in the 9/11 attack on the World Trade Center (Forbes valuation: $1. 5 billion).

Kelly Loeffler: The former Republican senator from Georgia, Trump’s pick to head the Small Business Administration, is married to billionaire Intercontinental Exchange founder Jeff Sprecher, whose wealth is estimated at $1. 1 billion.

Vivek Ramaswamy: Biotech entrepreneur and one of the country’s youngest billionaires, Ramaswamy built his wealth at Roivant Sciences, a company he founded almost a decade ago that went public in 2021 and has managed to commercialize several drugs, before launching an offering of acquisition. for the presidency (Forbes valuation: $1 billion).

Trump has selected several other wealthy (but not billionaire) individuals to serve in his administration. John Phelan, founder of MSD Capital, was picked for secretary of the Navy, and Charles Kushner, father-in-law to Ivanka Trump and founder of Kushner Companies real estate firm, was chosen for ambassador to France. Massad Boulos—father-in-law to Trump’s daughter Tiffany Trump and Trump’s pick for senior Middle East advisor—has been widely cast as a major business titan, though The New York Times reports he runs a truck dealership in Nigeria worth about $865,000.

Trump, a billionaire with an estimated net worth of $6. 1 billion, has temporarily filled out his Cabinet since winning the election, turning to wealthy appointees and Wall Street executives as he did in his first term, when historians said his cabinet was the richest. in history. The news cycle surrounding Trump’s Cabinet picks has been dictated by some of his most contentious nominees, adding his original pick for attorney general, former Rep. Matt Gaetz, R-Fla. , who withdrew from the proceedings in amid an unfolding sexual misconduct scandal (Gaetz has denied the allegations). Trump’s nominee for defense secretary, Pete Hegseth, is also on shaky ground after a sexual assault allegation against him in 2017 and, more recently, allegations of sexual abuse became public. alcohol, all of which he denied.

Trump’s Cabinet And Key Jobs: Paul Atkins Picked For SEC Chief, Billionaire Jared Isaacman For NASA (Forbes)

Trumpiverse: Ranking Trump’s Inner Circle (Forbes)

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