57 Trump officials are worth $100 million or more—quadruple the combined total of the last three presidents
The tally comes as only 32% of Americans approve of Trump's handling of the economy, down from 40%
A new report from consumer advocacy group Public Citizen reveals that 57 officials in Donald Trump's second administration are worth at least $100 million, quadrupling the combined total of the last three presidents. Commerce Secretary Howard Lutnick and Education Secretary Linda McMahon are among the 17 ambassadors and 40 senior executive branch officials in the wealthy category.
The Trump administration's tendency to appoint the ultrawealthy is seen as a preference for financial success, but it has raised concerns about misplaced incentives and potential corruption, especially as the president faces a midterm election electorate less supportive of his economic policies. In the past, presidents have also appointed wealthy individuals for high-ranking positions, but the current administration's roster is disproportionately composed of economic elites.
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