- From Pharma founders to investment titans, Donald Trump is connecting a web of billionaires to help him run the country when he returns to the Oval Office early next year. Here is a list of people in the president-elect's inner circle who have at least $1 billion in net worth.
Worth $6.3 billion himself, President-elect Donald Trump is no stranger to rubbing shoulders with those boasting 10-figure fortunes. But with the return of the Republican to the Oval Office, America is likely about to welcome its richest cabinet in history.
So far, Tesla founder Elon Musk and Silicon Valley VC Marc Andreessen have created the most headlines for their involvment in the new administration. But Trump is also filling his wider cabinet with other ultra-high net worth individuals, who have a lower profile.
Of course, those who have been put forward by the returning president will have to make it through Senate hearings before they are officially sworn in for their roles. Assuming Trump's nominees make it through the process (and let's not forget that four of Trump's previous picks have been rejected), the U.S. cabinet may soon resemble a who's-who of the business elite.
Between the nominations announced thus far—and Trump himself—the President-elect and his close allies are a team worth $474 billion.
Elon Musk
Net worth: $447 billion
The world's richest man admitted he would be "f*cked" if Trump hadn't returned to the White House—after all, the SpaceX founder invested hundreds of millions into getting the Republican nominee get re-elected.
Musk's wealth is, of course, derived from the shares he owns in Tesla as well as the raft of other businesses he either controls or owns: Social media platform X—formerly known as Twitter—satellite internet company Starlink, rocket manufacturer SpaceX, AI company xAI and tunnelling business The Boring Co.
The entrepreneur has also been tasked with running the Department Of Government Efficiency (DOGE) a federal cost-cutting unit which he proposed during the presidential race.
Alongside Vivek Ramaswamy, Trump and Musk have pledged to bring federal workers back to their desks and cut $2 trillion from government spending.
Vivek Ramaswamy
Net worth: $1 billion
While Ramaswamy isn't in the same financial league as his DOGE co-lead Musk, the politician has a tidy fortune of his own.
The Yale graduate founded pharmaceutical company Roivant Sciences in 2014, which has won six FDA-approvals for its drugs. The business has a market cap of $8.8 billion, per MarketWatch.
He stepped down from the board of Roivant in 2023 resigning as CEO two years prior.
Ramaswamy also launched Ohio-based asset management firm Strive in 2022, which by September 2023 had more than a billion dollars in assets under management.
Stephen Feinberg
Net worth: $8 billion
A week ago The Washington Post reported Trump had tapped Stephen Feinberg to act as No.2 to his proposed Defense Secretary, Pete Hegseth.
While Feinberg has not been officially nominated (Fortune has contacted representatives for Feinberg for comment), he is no stranger to the world of military spending. He previously led Trump's Intelligence Advisory Board back in 2018, but built his fortune as co-founder, co-CEO, and chief investment officer of private equity firm Cerberus.
The 1,000-staff strong firm has approximately $65 billion in AUM and invests in government service providers particularly in the national security industry.
Warren Stephens
Net worth: $5.1 billion
Stephens is the chairman, president, and CEO of Stephens Inc., a financial services firm based in Arkansas.
The banker will act as ambassador to the United Kingdom, Trump said on his social media site Truth Social, adding the financier had long wanted to serve his country "full time."
Trump added: "I am thrilled that [Stephens] will now have that opportunity as the top diplomat, representing the USA to one of America’s most cherished and beloved allies.”
Howard Lutnick
Net worth: $2.2 billion
Lutnick is chairman and CEO of financial services firm Cantor Fitzgerald, and chairman and CEO of global brokerage and financial technology company BGC Group.
Lutnick—lined up to become Commerce Secretary early next year—led the company when it lost approximately 70% of its employees, including his brother, in the 9/11 attacks.
The hijacked flights hit floors 93 through to 99 of the World Trade Center's North Tower. Cantor's head offices were based on the 101st to 105th floors, meaning employees had no way to escape.
Lutnick was not in the office that day as he was dropping off his son at kindergarten.
Marc Andreessen
Net worth: $1.9 billion
Silicon Valley staple Andreessen doesn't have an official role in Trump's administration but recently admitted he's been spending around half his time at the politician's Mar-a-Lago resort since the November election.
Andreessen, partner and co-founder of the venture capital firm Andreessen Horowitz, was previously a staunch Democrat supporter until the 2024 election. He is now helping the incoming government on policies relating to the economy, tech and business more generally.
He told the Honestly With Bari Weiss podcast that he is not advising on issues like foreign policy, abortion policy, and gun policy, saying: “I’m not an expert on those things.”
Jared Isaacman
Net worth: $1.7 billion
Jared Isaacman, appointed to lead NASA, conducted the first commercial spacewalk in September with SpaceX. It was also the first time that nonprofessional astronauts from a private company have conducted a trip into space.
The CEO, a high school dropout, built his fortune through payment-processing company Shift4 Payment which he founded in 1999 at the age of 16. Now the company serves more than 200,000 customers—equal to $260 billion, per its website.
Isaacman also founded Draken International in 2011, which supplies tactical fighter craft to the U.S. military and allies.
Frank Bisignano
Net worth: $1 billion
Bisignano is the president and CEO of fintech company Fiserv, which has a market cap of $116 billion according to MarketWatch.
The man pencilled in for commissioner role in the Social Security Administration fits a familiar blueprint for Wall Street: The entrepreneur held leadership positions at Citigroup and served as co-COO and CEO of mortgage banking at JPMorgan Chase.
Having taken over as CEO of Fiserv in 2020 and chairman of the board in 2022, Bisignano now oversees approximately 10,000 financial institution clients and 1.6 billion issuing accounts—per its website.
