Donald Trump · Republicans · Joe Biden · Fortune Technology
The number of people worth at least $100 million whom the Republican president has appointed to his administration is more
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Wealth, perhaps second only to loyalty, has been a prized attribute for Donald Trump during his second presidency.
Key facts
- Bush’s administration and Democrat Joe Biden’s each included five members worth $100 million or more
- Still, last month, only 32% of U.S. adults approved of Trump’s handling of the economy, down from 40% at the beginning of his second term and as his Republican Party faces headwinds in its attempt
- The number of people worth at least $100 million whom the Republican president has appointed to his administration is more than four times the combined total under the three previous presidents
- The list does not include Trump, whose net worth Forbes estimates at more than $6 billion
Summary
The number of people worth at least $100 million whom the Republican president has appointed to his administration is more than four times the combined total under the three previous presidents, according to a report from the consumer advocacy group Public Citizen. It’s the numbers for the Trump administration, in the context of previous administrations, that stand out in Public Citizen’s report, published on Monday. The president, himself a billionaire, has described his inclination toward appointing the ultrawealthy as deference to financial success. Presidents have long sought counsel from the nation’s wealthiest people and tapped some for high-profile administrative leadership roles.