In an unprecedented move that has caught the attention of the global community, U.S. President-elect Donald Trump has assembled an administration with a combined net worth exceeding $460 billion. This remarkable assembly of wealth includes at least 13 billionaires, a significant shift from traditional government compositions and sparking discussions about the role of affluence in public service.
Among the high-profile figures is Elon Musk, who will co-lead a newly established department, exemplifying Trump's flair for creating spectacles with his choices of cabinet members. These individuals are seen as the faces of his policies and the driving force behind his agenda.
Another notable appointee is Scott Bessent, a hedge fund magnate nominated for secretary of the treasury. Bessent has agreed to wind down his firm to prevent conflicts of interest, bringing a private sector perspective to the nation's financial strategies. His nomination highlights Trump's preference for candidates with significant business expertise, albeit with limited governmental experience.
Reference(s):
cgtn.com
