Inside Donald Trump’s Wealthy Cabinet and Administration Picks

By MEGHAN KENEALLY/

gty_ap_ricketts-devos-ross-cf-161201_2_12x5_1600While Donald Trump’s cabinet selection process is far from finished — there are still eight spots that have not been announced — nearly all of the picks that have been announced are wealthy individuals, in addition to himself.

By comparison, when then-President George W. Bush assembled his cabinet of millionaires after the 2000 election, media outlets called it the wealthiest cabinet in history, as The Washington Post pointed out.

But that pales in comparison to the wealth that will be represented in Trump’s cabinet.

The Telegraph reported that Bill Clinton had seven multi-millionaires in his first cabinet as did Ronald Reagan; and George H.W. Bush had six multi-millionaires. In the case of George W. Bush, 13 of his 16 cabinet members were worth at least $1 million in 2001, the paper reported.

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SOURCE: ABC News Online

 

ABC News could not independently verify the net worth of any of Trump’s cabinet picks, but the Forbes 400 list of wealthiest Americans and some public records offer a sense of their wealth.

 

At least one member of Trump’s administration is on the Forbes 400 list. Wilbur Ross, his pick for commerce secretary, is worth an estimated $2.5 billion, according to Forbes, and ranks No. 232 on its list.

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