The billionaire hidden behind the curtain inside Trump’s Pentagon
Summary
Stephen Feinberg, a billionaire and founder of Cerberus Capital Management, has been serving as the deputy undersecretary of defense since March 2025. He has more influence in the Pentagon than Defense Secretary Pete Hegseth and controls major defense contracting and investment decisions, while keeping a very low public profile.Key Facts
- Stephen Feinberg is the deputy undersecretary of defense since March 2025.
- Feinberg is a billionaire and founder of the private equity firm Cerberus Capital Management.
- He exercises significant control over the Pentagon’s procurement and investment in defense companies.
- Feinberg avoids the media, gives no interviews, and holds no public hearings since his appointment.
- Defense Secretary Pete Hegseth is more visible publicly, but Feinberg has more actual power inside the Pentagon.
- Feinberg has brought several former Cerberus executives into the Pentagon to support his efforts.
- Feinberg has changed Pentagon rules to make defense acquisitions more flexible and business-like.
- There was a recent controversy involving a Pentagon official supported by Feinberg accused of concealing gold and lying.
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