President-elect Trump has named several billionaires to top roles in his next administration — a combination worth over $360 billion and that includes the world’s richest person.
Elon Musk, the Tesla CEO, brings the vast bulk of that wealth: a net worth of more than $346 billion, with that value fluctuating day by day. But even without Musk, the remaining billionaires who are worth a combined more than $15 billion outpace Trump’s first administration, which at the time was the wealthiest in modern history, at $6.2 billion. Trump himself is reportedly worth an estimated $5.6 billion.
Here are the billionaires expected to stock Trump’s next administration.
Elon Musk
The richest person in the world was tapped to co-lead the “Department of Government Efficiency” (DOGE), an advisory board tasked with looking at how to decrease government waste through cutting the federal workforce, government programs and regulations.
Musk, who was on Capitol Hill on Thursday meeting with lawmakers, is worth more than $346 billion as of Friday. His net worth fluctuates regularly based on his business ventures and the market; Musk is the CEO of Tesla, SpaceX, and X, formerly known as Twitter.
Vivek Ramaswamy
Vivek Ramaswamy is the other co-lead of DOGE. He ran for president in the 2024 GOP presidential primary before he dropped out and put his full support behind Trump.
At 39 years old, he is worth $1 billion and is one of the 20 youngest billionaires in the U.S. The biotech entrepreneur founded pharmaceutical company Roivant Sciences in 2014 and it went public in 2021. He stepped down as CEO of Roivant in 2021 when he first turned to politics.
Scott Bessent
Trump appointed Scott Bessent to be Treasury secretary, a role other major businessmen were jockeying for. Bessent, if confirmed by the Senate, would lead Trump’s economic team, including being responsible for imposing his aggressive tariff and tax plans
The South Carolina-based businessman is the founder and CEO of the hedge fund Key Square Group, which reportedly managed billions of dollars and at times has also struggled with losses. He previously was an executive with Soros Fund Management, the firm of Democratic donor George Soros.
Howard Lutnick
Howard Lutnick, who is the co-chair for Trump’s transition team, was picked for Commerce secretary after angling for the Treasury top job.
Lutnick is worth more than $1.5 billion. He is the CEO of Cantor Fitzgerald and gained national prominence for overseeing the company’s response following the 9/11 attacks that killed more than 600 of its employees working inside the World Trade Center in New York.
Linda McMahon
Linda McMahon is the other co-chair of Trump’s transition and was picked by the president-elect to lead the Education Department.
McMahon co-founded World Wrestling Entertainment with her husband, Vince McMahon, who has a net worth of $3 billion. The couple was accused in a lawsuit in October of knowing about a ringside announcer who allegedly abused young boys for years and doing nothing about it.
Jacob Isaacman
Trump named Jacob Isaacman to lead NASA in the incoming administration, appointing a tech entrepreneur who recently worked with Musk when he helped fund a SpaceX flight he was aboard in September.
He has a net worth of $1.7 billion. Isaacman is the CEO of the processing firm Shift4 Payments, which he founded at 16 years old in 1999. He then founded defense firm Draken International in 2011 and later sold it to Blackstone.
Warren Stephens
Trump appointed Stephens to serve as U.S. ambassador to the United Kingdom, which would send him to England for one of the most coveted diplomatic roles.
Stephens is worth $3.4 billion. The Arkansas-based billionaire has been chair and CEO of his investment banking company Stephens Inc., for three decades. The bank was founded by his uncle and father and after Stephens became CEO in 1986, he bought out his cousins.
Stephen Feinberg
Stephen Feinberg was tapped to serve as deputy Defense secretary this week, while Trump’s choice for Defense secretary, Pete Hegseth, has faced growing scrutiny over sexual assault, mismanagement of finances and excessive drinking allegations.
Feinberg’s net worth is $5 billion. He is the co-founder of the private equity firm Cerberus Capital Management, which invests in the grocery chain Albertsons and controversially was invested in the gun manufacturer that made the rifle used in the 2012 massacre in Sandy Hook, Conn.
Kelly Loeffler
Kelly Loeffler, a former Georgia senator, was named to serve as administrator of the Small Business Administration (SBA) on Wednesday.
She is married to Jeffrey Sprecher, who is worth $1.1 billion. Sprecher is the CEO of the stock exchange operator Intercontinental Exchange. Before serving in the Senate, Loeffler was CEO at digital asset company Bakkt, which Intercontinental Exchange formed. She was also a co-owner of the WNBA’s Atlanta Dream before selling the team in 2021.
Charles Kushner
Charles Kushner, the father of Trump’s son-in-law, Jared Kushner, was named the U.S. ambassador to France.
The real estate firm he founded, Kushner Companies, has a market value of nearly $3 billion. Kushner previously served two years in prison after pleading guilty in 2004 to charges of tax evasion, lying to the Federal Election Commission and retaliating against a federal witness. Trump pardoned him during the final month of his first term in 2021.
