Photograph: Brandon Bell/Getty Photos
The primary time Donald Trump was elected president, he assembled the wealthiest cupboard the nation had ever seen, with a mixed web price of a bit of greater than $6 billion. This time round, if all of Trump’s cupboard nominees are confirmed, their mixed wealth will simply surpass $9 billion, and will in actual fact be a lot increased. Add in Elon Musk and different members of the Trump 2.0 entourage who don’t require Senate affirmation, and the mixed web price jumps previous $340 billion. (Joe Biden’s cupboard, in keeping with Forbes, was price lower than $120 million.) Under is a have a look at who’s price what within the new Trump administration, primarily based on the perfect out there estimates and reporting.
The longtime financier has been described as a “billionaire hedge fund supervisor” by quite a few information organizations, together with the Related Press. However whereas Bessent is certainly an investor who has made and managed billions of {dollars}, there doesn’t appear to be any reporting about his present web price, and the Wall Road Journal, for one, isn’t calling him a billionaire. Enterprise Insider concludes he’s doubtless a billionaire, however no one appears to have the numbers to verify that but.
In November 2023, Forbes estimated that the North Dakota governor, who made his fortune within the software program trade earlier than changing into a politician, had a web price of a minimum of $100 million, however presumably rather more, relying on how a lot of his wealth he’s positioned in trusts for his household.
In line with a Forbes evaluation, as of August 2023, Kennedy and his actress spouse Cheryl Hines had a mixed web price of roughly $15 million, together with a minimum of $4 million in inherited belongings from his well-known household.
Actual property developer Charles Kushner is the daddy of Trump’s son-in-law, Jared Kushner, and the co-founder of Kushner Firms. In late October, Forbes estimated that the corporate was price $2.9 billion. Forbes estimated the Kushner household’s web price was $7.1 billion. Charles Kushner and his spouse, Seryl, personal 20 % of Kushner Firms — a roughly $580 million stake.
The billionaire financier is the longtime CEO of the personal monetary companies agency Cantor Fitzgerald LP, and the chairman of two public firms, brokerage agency BGC Group Inc. and business real-estate agency Newmark Group. Lutnick has stated he’ll step down from his function at Cantor and divest his pursuits within the different firms, nevertheless it’s removed from clear how. He’s not listed on Forbes’ huge billionaire listing, however the publication studies that he’s price greater than $1.5 billion. Bloomberg in the meantime studies that Lutnick has a web price of a minimum of $2.2 billion — and presumably greater than $4 billion:
Right this moment his private fortune — most of it tied up within the privately held Cantor Fitzgerald and its associated firms — stretches to a minimum of $2.2 billion, in keeping with the Bloomberg Billionaires Index. An individual conversant in his funds says Lutnick in actual fact may be price practically twice that.
McMahon is the co-founder of the multibillion-dollar WWE wrestling empire, and he or she too has been known as a billionaire. She is now separated from her husband, fellow WWE co-founder Vince McMahon. His web price is presently $3 billion, in keeping with Forbes. It’s not clear what Linda McMahon’s particular person web price is, however she remains to be clearly very rich.
The world’s richest man has a complete web price of a minimum of $330 billion in keeping with each Forbes and the Bloomberg Billionaires Index. He sank $118 million into the 2024 presidential marketing campaign in assist of Trump, and since Trump gained the election, Musk’s web price has gone up by $70 billion.
Mehmet Oz has made a fortune as a TV physician and shady well being product pitchman. In 2022, in keeping with the federal monetary disclosure types he filed throughout his Senate marketing campaign in Pennsylvania, his web price was someplace between $100 million to $315 million.
The biotech entrepreneur now has a web price of $1.1 billion, in keeping with Forbes. His web price was roughly $840 million when he started his marketing campaign for president.
In line with Forbes calculations, the Florida senator’s web price is probably going greater than $1 million, largely because of the worth of his Miami residence, in addition to the cash he’s made off of guide offers.
Forbes says Trump is presently the 568th richest particular person on the planet, with a web price of $5.7 billion, and notes that he loved “probably the most profitable post-presidency in American historical past”— principally because of the big pile of memestock shares he owns of Trump Media & Know-how Group. In early April, Forbes estimated that Trump’s web price was solely $2.3 billion.
The actual property magnate and Witkoff Group founder is a longtime pal of Trump’s. He additionally now has an estimated web price of a minimum of $1 billion, in keeping with Forbes’ calculations:
His fortune is essentially made up of the Witkoff Group, the New York-based actual property developer he based in 1997. He additionally owns properties in Manhattan, the Hamptons and south Florida, the place he’s creating tasks together with the Dutchman’s Pipe Golf Membership, a Jack Nicklaus-designed course with a luxurious resort, in partnership with Soviet-born billionaire Len Blavatnik’s Entry Industries.
The fracking trade government is the CEO and co-founder of Liberty Power, and his stake within the firm was price $50 million as of November 20. And Wright earned $5.6 million in compensation from Liberty in 2023. He’s additionally on the board of administrators for each Oklo, a nuclear power agency in California, and mining royalty firm Emx Royalty Corp.
This submit has been up to date.
