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President Donald Trump's administration features a lineup of wealthy individuals with significant investments across various sectors, raising questions about potential conflicts of interest. According to The Economist, Trump's cabinet is among the richest in U.S. history, with many members holding notable fortunes in real estate, technology, and cryptocurrencies.
Education Secretary Linda McMahon leads the pack, declaring over $50 million in TKO Group shares, the publicly traded entity formed from the WWE-UFC merger. Her husband, Vince McMahon, has an estimated worth of $3.2 billion, primarily from their wrestling investments. Interior Secretary Doug Burgum, who sold Great Plains Software to Microsoft, has substantial investments in tech and real estate.
Treasury Secretary Scott Bessent has a hedge fund with nearly $600 million in assets, holding substantial stakes in U.S. debt and Bitcoin. Meanwhile, Commerce Secretary Howard Lutnick has extensive Wall Street ties and is involved with various financial firms. These high-profile appointments have sparked discussions on the influence of wealth in governance and regulatory practices.