The second administration of president-elect Donald Trump will be the richest in American history.
According to media statistics, at least 11 of the cabinet and officials Donald Trump has nominated are either billionaires themselves or have billionaire spouses.
According to Forbes, the total net worth of the billionaire officials nominated by Donald Trump as of December 10 was at least $382.2 bn, the equivalent of the gross domestic product of more than 172 countries and territories.
By comparison, President Biden’s cabinet is reported to have a total net worth of about $118M, while former President Obama’s cabinet has a net worth of about $2.8 bn in his second term.