President Donald Trump's administration is shaping up to be a reflection of his Mar-a-Lago lifestyle, with extremely wealthy Americans taking on key roles. From overseeing government efficiency to leading education and commerce departments, here's a closer look at some of Trump's picks and what they could mean:
Elon Musk
With a net worth estimated above $400 billion, Musk is chairing the new Department of Government Efficiency, tasked with slashing federal spending. Questions have been raised about potential conflicts due to his businesses' ties to the government.
Linda McMahon
McMahon, worth at least $3 billion, is Trump's pick for secretary of education. She and Trump support expanding school choice programs and withholding federal money from schools that do not meet certain demands.
Doug Burgum
The North Dakota governor, with an estimated net worth of $1.1 billion, could become the interior secretary. He aims to implement Trump's promise of making it easier for energy companies to tap fossil fuel resources.
Scott Bessent
Bessent, a veteran hedge fund manager worth many hundreds of millions, is set to be the treasury secretary. He will play key roles in implementing Trump's tax policies and tariffs on imports.
Howard Lutnick
Lutnick, with an estimated net worth of $1.5 billion, is nominated for secretary of commerce. He will be at the forefront of Trump's trade wars with various nations and oversee agencies like the Census Bureau.
Kelly Loeffler
Loeffler, the Georgia businesswoman leading the Small Business Administration, was the wealthiest senator during her tenure. She faced ethics complaints over alleged insider trading but was later cleared of any wrongdoing.
Jared Isaacman
Isaacman, a financial services billionaire, is set to lead NASA. His selection underscores Trump's preference for wealthy individuals in key roles, as private sector billionaires like Musk and Bezos now compete in the space sector.
