All the President's (Wealthy) Men

Billionaires in the White House: inside Donald Trump's $464 Billion Cabinet

Alexandra Albu și Edit Gyenge

The rich literally run the world. From now on, they are in control, right under the spotlights. Donald Trump takes the oath for his second term as President of the United States and brings in a wealthy elite of billionaires and millionaires to the White House.

Depending on how the stock markets soar or plummet, Trump’s 2.0 cabinet aggregates fortunes totalling $464 billion, a hefty amount, comparable to the GDP of some European countries or the budget of an American administration department.

Never in the history of the United States of America has there been such an administration. According to calculations made by Forbes, the first Trump cabinet grossed around $6.2 billion. Obama 2.0 gathered officials with a combined wealth of $2.8 billion. These amounts are staggering compared to the Biden administration, where individuals collectively held $118 million.

Now, the platoon is led by the richest person in the world himself. Elon Musk, whose wealth is estimated by Forbes to be around $430 billion, has been appointed by Donald Trump to his cabinet to oversee the streamlining of the budget apparatus.

Is extreme wealth compatible with the democratic leadership of a country? Joe Biden, Donald Trump’s predecessor, argues that it is not. In his final speech as President of the United States, the 82-year-old politician spoke about a dangerous concentration of power in the hands of a few very wealthy individuals.

“An oligarchy is taking shape in America of extreme wealth, power, and influence that literally threatens our entire democracy, our basic rights and freedoms, and a fair shot for everyone to get ahead”, Joe Biden warned the American nation.

On Donald Trump’s inauguration day, he himself a billionaire, the financial reality of the average American looks roughly as follows: a full-time employee earns an annual salary of $60,580, and the wealth of a typical family was calculated by the U.S. Census Bureau at $176,500.

From the hundreds of officials who will arrive at the White House, we selected the most important portfolios and the most influential advisors to see what the personal financial architecture of the new Trump team looks like. It is enough to say that the $464 billion would be sufficient to circumvent the Earth, around the Equator, a staggering of 18 times, using $100 bills from Trump’s Cabinet net worth, and would almost entirely cover the distance to the Moon and back.

Individuals with Available Wealth Data

Individuals with NO Available Wealth Data

Data source: Forbes.com, Celebritynetworth.com, NYTimes.com
Washington Monument Height: 554 ft 7.34 in (169.046 m) measured by the National Geodetic Survey in 2015 using CTBUH criteria from the main entrance to the highest point.
Dimensions of the $100 bill were obtained from Wikipedia, which provides similar specifications.

Articol editat de Andrei Luca Popescu

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