What Is the Net Worth of Trump’s New Cabinet?

Scott Bessent, Secretary of the Treasury

The longtime financier has been described as a “billionaire hedge-fund manager” by numerous news organizations, including the Associated Press. But while Bessent is definitely an investor who has made and managed billions of dollars, there doesn’t seem to be any reporting about his current net worth, and The Wall Street Journal, for one, isn’t calling him a billionaire. Business Insider concludes he’s likely a billionaire, but nobody seems to have the numbers to confirm that yet.

Massad Boulos, Senior Adviser on Arab and Middle Eastern Affairs

The father-in-law of Trump’s daughter Tiffany, Massad Boulos is a Lebanese American businessman with reported links to Christian political groups in Lebanon. Though Boulos has been described in some news reports as a billionaire, his estimated net worth is far from clear and he is not included on Forbes’ billionaires list. On December 12, the New York Times reported that Bolous has greatly exaggerated his wealth and résumé. News reports have identified him as the CEO of the Nigerian automobile-industry conglomerate Boulos Enterprises, and he had indicated that reporting was correct — but according to a company representative who spoke with the Times, it is run by a different family. As the Times notes, Boulos’s actual business dealings in Nigeria are far smaller in scale

In fact, records show that Mr. Boulos has spent the past two decades selling trucks and heavy machinery in Nigeria for a company his father-in-law controls. He is chief executive of the company, SCOA Nigeria PLC, which made a profit of less than $66,000 last year, corporate filings show. There is no indication in corporate documents that Mr. Boulos … is a man of significant wealth as a result of his businesses. The truck dealership is valued at about $865,000 at its current share price. Mr. Boulos’s stake, according to securities filings, is worth $1.53.

Doug Burgum, Secretary of the Interior

In November 2023, Forbes estimated that the North Dakota governor, who made his fortune in the software industry before becoming a politician, had a net worth of at least $100 million but possibly much more, depending on how much of his wealth he has placed in trusts for his family.

Jared Isaacman, NASA Administrator

Jared Isaacman is a tech entrepreneur and commercial astronaut who is the CEO of Shift4 Payments and founded the defense contractor Draken International (which he sold in 2019). His net worth is an estimated $1.7 billion, per Forbes.

Robert F. Kennedy Jr., Secretary of Health and Human Services

According to a Forbes analysis, as of August 2023, Kennedy and his actress wife, Cheryl Hines, had a combined net worth of roughly $15 million, including at least $4 million in inherited assets from his famous family.

Charles Kushner, U.S. Ambassador to France

Real-estate developer Charles Kushner is the father of Trump’s son-in-law Jared Kushner and the co-founder of Kushner Companies. In late October, Forbes estimated the company was worth $2.9 billion and put the Kushner family’s net worth at $7.1 billion. Charles and his wife, Seryl, own 20 percent of Kushner Companies — a roughly $580 million stake.

Kelly Loeffler, Small Business Administration Administrator

Kelly Loeffler is a longtime finance executive, GOP megadonor, and former U.S. senator from Georgia who is married to Intercontinental Exchange CEO and founder Jeff Sprecher. His estimated net worth is $1.1 billion, according to Forbes. Loeffler is the former CEO of the cryptocurrency trading platform Bakkt, which was created by Intercontinental Exchange and which Trump’s social-media company has reportedly been in talks to purchase.

Howard Lutnick, Secretary of Commerce

The billionaire financier is the longtime CEO of the private financial-services firm Cantor Fitzgerald LP and the chairman of two public companies, brokerage firm BGC Group, Inc. and commercial-real-estate firm Newmark Group. Lutnick has said he’ll step down from his role at Cantor if appointed and divest his interests in the other companies, but it’s far from clear how. He’s not on Forbes’ big billionaires list, but the publication reports that he is worth more than $1.5 billion. Bloomberg, meanwhile, reports that Lutnick has a net worth of at least $2.2 billion — and possibly more than $4 billion:

Today his personal fortune — most of it tied up in the privately held Cantor Fitzgerald and its related companies — stretches to at least $2.2 billion, according to the Bloomberg Billionaires Index. A person familiar with his finances says Lutnick in fact might be worth nearly twice that.

Linda McMahon, Secretary of Education

McMahon is the co-founder of the multibillion-dollar WWE wrestling empire, and she too has been referred to as a billionaire. She is now separated from her husband, fellow WWE co-founder Vince McMahon. His net worth is currently $3 billion, according to Forbes. It’s not clear what Linda McMahon’s individual net worth is, but she is still clearly very wealthy.

Elon Musk, “Department of Government Efficiency” Co-head

The world’s richest man has a total net worth of at least $433 billion as of December 13, according to Forbes and the Bloomberg Billionaires Index. He sank $118 million into the 2024 presidential campaign in support of Trump, and since Trump won the election, Musk’s net worth has gone up significantly.

Mehmet Oz, Medicare and Medicaid Administrator

Mehmet Oz has made a fortune as a TV doctor and shady health-products pitchman. In 2022, according to the federal financial-disclosure forms he filed during his Senate campaign in Pennsylvania, his net worth was somewhere between $100 million and $315 million.

Vivek Ramaswamy, “Department of Government Efficiency” Co-head

The biotech entrepreneur now has a net worth of $1.1 billion, according to Forbes. His net worth was roughly $840 million when he began his campaign for president.

Marco Rubio, Secretary of State

According to Forbes’ calculations, the Florida senator’s net worth is likely more than $1 million, largely thanks to the value of his Miami residence as well as the money he has made from book deals.

Warren Stephens, U.S. Ambassador to the U.K.

Stephens is a major Trump donor who runs his family’s investment bank, Stephens, Inc., in Little Rock, Arkansas. He has an estimated net worth of $3.4 billion, according to Forbes.

Donald Trump, President

Forbes says Trump is currently the 509th-richest person in the world, with a net worth of $6.3 billion, and notes that he enjoyed “the most lucrative post-presidency in American history” — mostly thanks to the large pile of memestock shares he owns in Trump Media & Technology Group. In early April, Forbes estimated Trump’s net worth at only $2.3 billion.

Steve Witkoff, Special Envoy to the Middle East

The real-estate magnate and Witkoff Group founder is a longtime friend of Trump’s. He now has an estimated net worth of at least $1 billion, according to Forbes’ calculations:

His fortune is largely made up of the Witkoff Group, the New York–based real estate developer he founded in 1997. He also owns homes in Manhattan, the Hamptons and south Florida, where he’s developing projects including the Dutchman’s Pipe Golf Club, a Jack Nicklaus–designed course with a luxury hotel, in partnership with Soviet-born billionaire Len Blavatnik’s Access Industries.

Chris Wright, Secretary of Energy

The fracking-industry executive is the CEO and co-founder of Liberty Energy, and his stake in the company was worth $50 million as of November 20. Wright earned $5.6 million in compensation from Liberty in 2023. He is also on the board of directors for both Oklo, a nuclear-energy firm in California, and the mining-royalties company Emx Royalty Corporation.