• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Iran just crossed Trump's red line for resuming all-out war as fighting continues to escalate with no end in sight

2

'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic

3

Indeed chief economist: Aging Baby Boomers are America's real labor problem, not AI

1

Iran just crossed Trump's red line for resuming all-out war as fighting continues to escalate with no end in sight

2

'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic

3

Indeed chief economist: Aging Baby Boomers are America's real labor problem, not AI
PoliticsBillionaires

A band of billionaires assembles for Trump 2.0. Here’s who is on board so far

By
Alena Botros
Alena Botros
Former staff writer
Down Arrow Button Icon
By
Alena Botros
Alena Botros
Former staff writer
Down Arrow Button Icon
December 6, 2024, 2:07 PM ET
Elon Musk and Donald Trump at the launch of the SpaceX Starship rocket on Nov. 19, 2024, in Boca Chica Texas.
Elon Musk and Donald Trump at the launch of the SpaceX Starship rocket on Nov. 19, 2024, in Boca Chica Texas.Brandon Bell—Getty Images
Add Fortune on Google for similar content.

It seems like billionaires are everywhere nowadays. Some of them have made it to our former and future President Donald Trump’s cabinet, administration, and shadow inner circle of sorts; some of them are worth much more on paper than he is, but it’s the company you keep, after all. 

Recommended Video

We might as well start with the world’s richest man: Elon Musk, who spent more than a quarter of a billion dollars backing Trump and was tapped to cochair a nongovernmental advisory body. Oh, and Musk’s partner in it all? Vivek Ramaswamy, a former Republican primary presidential candidate before he dropped out and endorsed Trump. The Bloomberg Billionaires Index puts Musk’s total net worth at $362 billion, and counting. His cochair’s is much less, reportedly $1 billion, per research from Axios and Americans for Tax Fairness. These two men are not cabinet members; they are nongovernment appointees, but Trump appointees nonetheless. 

Then there are his cabinet-level secretary picks, which require Senate confirmation. Howard Lutnick, who was tapped for commerce secretary, is an investment banker. Axios estimates Lutnick’s personal wealth at $2 billion. Linda McMahon, appointed education secretary, has a net worth estimated to be $2.6 billion, per Axios. For his interior secretary, Trump chose Doug Burgum, whose wealth is estimated to be $1.1 billion, according to Axios. 

Other noncabinet appointees who are reported billionaires include Jared Isaacman, who was tapped to run NASA, and who has a net worth of $1.8 billion, according to Forbes. Oh, and let’s not forget those who are not actual appointees, but inner circle peeps nonetheless: Billionaires Marc Andreessen, Bill Ackman, and Travis Kalanick are reportedly getting involved in Musk’s Department of Government Efficiency. 

There are other names floated who may be billionaires, but it is unclear if they are indeed that wealthy. 

See the preliminary list of Trump 2.0 billionaires below. 

  • Elon Musk: cochair, Department of Government Efficiency; personal wealth: $362 billion, according to Bloomberg; Tesla and SpaceX chief executive and founder or owner of others
  • Vivek Ramaswamy: cochair, Department of Government Efficiency; personal wealth: $1 billion, according to Axios; founder of Roivant Sciences
  • Howard Lutnick: commerce secretary; personal wealth: $2 billion, according to Axios; Cantor Fitzgerald chief executive 
  • Linda McMahon: education secretary; personal wealth: $2.6 billion, according to Axios; former World Wrestling Entertainment chief executive 
  • Doug Burgum: interior secretary; personal wealth: $1.1 billion, according to Axios; North Dakota governor 
  • Warren Stephens: ambassador to U.K.; personal wealth: $3.4 billion, according to Forbes; chief executive of Stephens Inc.
  • Charles Kushner: ambassador to France; personal wealth: $2.9 billion, according to Axios; real estate developer and Trump in-law (and pardoned by Trump four years ago)
  • Jared Isaacman: NASA chief; personal wealth: $1.8 billion, according to Forbes; Shift4 Payments chief executive and two-time SpaceX crew lead

  • Kelly Loeffler: Small Business Administration chief; personal wealth: $1.1 billion, according to Axios; former senator and former Bakkt chief executive
Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Author
By Alena BotrosFormer staff writer
LinkedIn iconTwitter icon

Alena Botros is a former reporter at Fortune, where she primarily covered real estate.

See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

jon
PoliticsElections
The Democrats suddenly have a 39-year-old Senate warrior tearing into Trump and ‘Prince Don and Prince Eric’: Jon Ossoff
By Bill Barrow and The Associated PressJuly 19, 2026
4 minutes ago
haley
PoliticsElections
Ask her about why AIPAC spent $30 million on her Michigan Senate campaign and she’ll talk for 800 words about anything else
By Joey Cappelletti and The Associated PressJuly 19, 2026
8 minutes ago
ranch
CommentaryWorld Cup
Ranch dressing is quietly doing America’s diplomacy for it
By David BohigianJuly 19, 2026
3 hours ago
t
PoliticsWorld Cup
The World Cup used to be known for autocracies and dictatorships winning. It’s looking different these days
By John A. Tures and The ConversationJuly 19, 2026
4 hours ago
biden
CommentaryLeadership
Ginsburg and Biden’s blind spot: when leaders don’t know when to leave
By Michael SonnenfeldtJuly 19, 2026
6 hours ago
t
North Americahistory
How the U.S. Constitution was designed with respect for ‘a degree of depravity in mankind’
By Donovan Fifield and The ConversationJuly 19, 2026
6 hours ago

Most Popular

Iran just crossed Trump's red line for resuming all-out war as fighting continues to escalate with no end in sight
Middle East
Iran just crossed Trump's red line for resuming all-out war as fighting continues to escalate with no end in sight
By Jason MaJuly 18, 2026
16 hours ago
'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
AI
'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
By Jason MaJuly 18, 2026
17 hours ago
Indeed chief economist: Aging Baby Boomers are America's real labor problem, not AI
Commentary
Indeed chief economist: Aging Baby Boomers are America's real labor problem, not AI
By Svenja GudellJuly 18, 2026
1 day ago
U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran war
Economy
U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran war
By Sasha RogelbergJuly 17, 2026
2 days ago
FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’
C-Suite
FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’
By Fortune EditorsJuly 15, 2026
4 days ago
Kevin O’Leary claimed opposition to his Utah data center was fueled by Chinese money. Now he and Fox News are being sued for defamation
Law
Kevin O’Leary claimed opposition to his Utah data center was fueled by Chinese money. Now he and Fox News are being sued for defamation
By Marco Quiroz-GutierrezJuly 17, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.