Washington, D.C. - President-elect Donald Trump is set to establish a record for the wealthiest cabinet in U.S. history, with several billionaires among his appointees.
Elon Musk, founder of Tesla and SpaceX, has been named alongside Vivek Ramaswamy to lead the new Department of Government Efficiency (DOGE). This advisory council aims to dismantle government bureaucracy and reduce unnecessary spending.
Tilman Fertitta, owner of the Houston Rockets, will serve as U.S. Ambassador to Italy. Warren Stephens, a major campaign donor, is nominated for U.S. Ambassador to the UK.
Linda McMahon, former WWE CEO, is Trump's pick for Secretary of Education, pending Senate confirmation. Jared Isaacman, founder of Shift4 Payments, is slated to become NASA Administrator.
Howard Lutnick, CEO of Cantor Fitzgerald, is nominated for Secretary of Commerce. Kelly Loeffler, former Georgia senator, will lead the Small Business Administration.
Trump's cabinet also includes other wealthy individuals, such as John Phelan as Secretary of the Navy and Charles Kushner as U.S. Ambassador to France.
Trump himself, with a net worth of approximately $6.1 billion, has quickly assembled a cabinet of affluent figures, reminiscent of his first term.