President Donald Trump’s cabinet is worth an estimated $14 billion, which is by far the most of any presidential cabinet in history. Looking more closely at the members of Trump’s team reveals a collection of business executives and even a famous doctor.
Don’t be afraid to take a guess on who could possibly appear on this list. Trust me, there are some names you will definitely recognize.
With how much some of these appointees are worth (#8 and #3 especially), it’s hard to believe there are no conflicts of interest at play. Why else would people worth so much take low-paying, stressful public service jobs?
8. Todd Ricketts ($5.3 Billion)
Despite growing up poor, the Ricketts family has amassed a lot of wealth. The family made their estimated $5.3 billion from the brokerage service Ameritrade, which was founded by Todd’s father. Ricketts is also co-owner of the Major League Baseball franchise the Chicago Cubs. He has been appointed President Trump’s deputy commerce secretary.
7. Betsy DeVos ($5.1 Billion)
DeVos, Trump’s education secretary, is from an extremely well-known conservative billionaire family. The family made their fortune through the multilevel marketing company Amway. The company recorded $9.5 billion in profits last year, which was a 12 percent decline from the previous year. However, the DeVos family continues to hold a massive fortune.
6. Wilbur Ross ($2.5 Billion)
Wilbur Ross is the chairman of WL Ross & Co., and is President Trump’s pick for commerce secretary. Ross was one of Trump’s top surrogates during the presidential campaign, appearing on a number of business news programs to discuss his positions. Ross is also the owner of the Sago Mine in West Virginia where a dozen miners lost their lives in a 2006 explosion.
5. Linda McMahon ($1.6 Billion)
Linda McMahon, the former CEO of World Wrestling Entertainment (WWE) was chosen by President Trump to run the Small Business Administration. Her husband is WWE promoter Vince McMahon. Linda is estimated by Forbes at $1.16 billion. During President Trump’s presidential campaign, she donated $7 million to pro-Trump super PACs.
4. Steve Mnuchin ($40 Million)
Steve Mnuchin was chosen by President Trump to be treasury secretary. Mnuchin is a former Goldman Sachs banker and film financier who backed movies like Mad Max: Fury Road and American Sniper. Mnuchin does have some critics from his role at OneWest Bank Group, where he served as co-founder, due to his aggressive foreclosure policies.