Trump is preparing to govern the U.S. with his "billion-dollar" team.

The names chosen or nominated by Donald Trump, who was elected as the 47th president of the United States, for his new administration draw attention not only for their policies but also for their wealth. Trump, who will officially start his duties at the White House on January 20, has selected billionaires and multimillionaires among the key positions in his new government.

The fact that policies affecting the lives of middle-class Americans will be made by the wealthy under the Trump administration has become a topic of debate. Some circles criticize Trump's appointments as a clear incentive for pursuing economic policies that will further enrich the rich.

TRUMP'S TEAM'S TOTAL WEALTH NEARLY 400 BILLION DOLLARS

According to data from Americans for Tax Fairness, Forbes, and the Bloomberg Billionaires Index, the total wealth of the names chosen or nominated by Trump for his new administration, along with himself and Vice President JD Vance, is noted to be nearly 400 billion dollars. If the nominees put forward by Trump receive Senate approval, the total wealth of the cabinet members is expected to exceed 9 billion dollars. Considering that the total wealth of the members of the cabinet he formed during his first term was 6 billion dollars, it is expected that Trump will create one of the wealthiest administrations in U.S. history with his new team.

In contrast, the total net worth of President Joe Biden's cabinet is estimated to be 118 million dollars.

THE WORLD'S RICHEST PERSON IS IN TRUMP'S TEAM

It appears that the richest member of billionaire Trump's team is also the richest person in the world, Elon Musk. Even excluding Musk, who will lead the newly formed Department of Government Efficiency, the average wealth of Trump's team exceeds 600 million dollars. This figure is noted to be hundreds of times above the average wealth of a typical American family, which is just over 1 million dollars. Names like Elon Musk, Stephen Feinberg, Warren Stephens, Charles Kushner, Linda McMahon, Howard Lutnick, Jared Isaacman, and Vivek Ramaswamy stand out among Trump's "wealthy" team with their billion-dollar fortunes.

ELON MUSK

Elon Musk, who was selected as the co-director of the Department of Government Efficiency, holds the position of the wealthiest person in Trump's team with a fortune of over 360 billion dollars. Musk's wealth has notably increased due to the rapid rise in Tesla shares after the election.

However, it is reported that Musk did not pay federal income tax in 2018 and only paid taxes amounting to 10% of his wealth increase that year in 2021. In contrast, it is stated that the average American family paid about 15% in taxes on their income in 2021.

Musk's plan to cut 2 trillion dollars from federal public services such as social security, Medicare, Medicaid, other health services, education, national defense, food assistance, and housing has sparked reactions due to the absence of an action for "ultra-rich" individuals to pay more taxes. On the other hand, Musk is among those who will benefit the most from the tax cuts that Trump plans to implement.

STEPHEN FEINBERG

Stephen Feinberg, whom Trump considers "the number two at the Pentagon," draws attention with his 5 billion dollar fortune. Feinberg, who has been nominated for the Deputy Secretary of Defense, is evaluated as potentially facing conflicts of interest due to his company, Cerberus Capital Management, investing in military aircraft training and maintenance and holding a majority stake in a military vehicle manufacturing company.

WARREN STEPHENS

Trump describes Warren Stephens, the CEO of the financial services company Stephens, which he nominated for the London Embassy, as "one of the best businessmen in the country." Selected for a prestigious diplomatic role, Stephens is among the businessmen who made substantial donations to Trump's campaign in this year's presidential election. Warren Stephens' net worth is estimated to be 3.4 billion dollars.

CHARLES KUSHNER

Charles Kushner, a Jewish businessman whom Trump nominated for the U.S. Embassy in Paris, is reported to have a fortune of 2.9 billion dollars. Charles Kushner, who is the father of Jared Kushner, married to Ivanka Trump, owns a real estate company called Kushner Companies.

LINDA MCMAHON

Trump's nominee for Secretary of Education, former World Wrestling Entertainment (WWE) CEO Linda McMahon, is estimated to have a total fortune of 2.6 billion dollars with her husband. McMahon, who previously served as the head of the Small Business Administration from 2017 to 2019 under Trump, has faced criticism regarding the working conditions of WWE wrestlers.

HOWARD LUTNICK

Howard Lutnick, the CEO of the financial services company Cantor Fitzgerald, nominated for the Department of Commerce, also stands out in Trump's potential cabinet with his wealth. With a fortune of approximately 2 billion dollars, Lutnick is known to be one of the strong supporters of Trump's plan to increase tariffs on foreign goods. Lutnick, who has been accused of using his position as co-chair of Trump's transition committee to support his private business interests, denies these allegations.

JARED ISAACMAN

Entrepreneur Jared Isaacman, nominated for the NASA Directorship, has a fortune of 1.7 billion dollars. Isaacman founded the payment processing company Shift4 Payments in 1999 when he was just 16 years old. Having traveled to space twice before, Isaacman is known for his close ties to Elon Musk.

VIVEK RAMASWAMY

Vivek Ramaswamy, selected as the other co-director of the Department of Government Efficiency, stands out as a "billionaire" member of Trump's team.

Also a Republican candidate for the 2024 Presidential Elections, Ramaswamy is remembered for his proposal to change the current tax system to a flat tax of 12% and not allow any deductions.

In Trump's administration team, in addition to billionaires, other members with wealth hundreds of times that of an average American family also draw attention.

The elected president of the United States, Trump, along with Vice President Vance and the individuals Trump has nominated or selected for various positions, and their wealth are as follows: