More ultrawealthy in Trump's administration than those in previous 3 presidents combined, report shows
Summary
President Donald Trump has appointed more people worth at least $100 million to his administration than the last three presidents combined. According to a report by Public Citizen, 57 Trump officials are ultrawealthy, including several cabinet members and ambassadors.Key Facts
- President Trump has appointed 57 officials worth at least $100 million.
- This number is more than four times the total of the previous three presidents combined.
- Among these are 17 ambassadors and 40 senior executive branch officials.
- Eight of the 23 members in Trump’s Cabinet are ultrawealthy.
- Treasury Secretary Howard Lutnick and Education Secretary Linda McMahon are billionaires.
- President Trump himself is a billionaire and values appointing wealthy people.
- Wealthy individuals are often chosen by presidents for leadership roles or ambassadorships.
- Trump’s wealthy appointments come despite his focus on appealing to working- and middle-class Americans.
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