FX.co ★ Seven billionaires to work in Trump’s team

Elon Musk

World’s richest person Elon Musk whose net worth is estimated at $376 billion actively supported Donald Trump in the election. Musk contributed nearly $240 million to the America PAC, a super committee he organized to back the Republican candidate. It is no surprise that upon taking office, Trump immediately included Musk among his closest advisors. The Tesla and SpaceX CEO was appointed co-head of the newly established Department of Government Efficiency, tasked with optimizing federal agencies, reducing bureaucracy, and cutting excessive spending.

Stephen Feinberg

Stephen Feinberg, who previously chaired the Presidential Intelligence Advisory Board under Trump’s presidency, has now been named Deputy Secretary of Defense. Feinberg is the co-founder and CEO of Cerberus Capital Management, an investment firm known for its defense industry investments, including military vehicle manufacturing and aviation training. His personal fortune is estimated at $8 billion.

Warren Stephens

The CEO of the financial firm Stephens Inc., known for investments in media, energy, and retail, Warren Stephens is one of Trump’s biggest donors. Since 2004, the magnate with a net worth of $5 billion has donated around $75 million to Trump’s political campaigns, including over $2 million this year. In recognition of his support, Trump nominated Stephens as the US Ambassador to the United Kingdom. However, his appointment requires Senate approval.

Howard Lutnick

After his election victory, Trump nominated Howard Lutnick, CEO of the financial services firm Cantor Fitzgerald, as US Secretary of Commerce. Lutnick, whose net worth is $2 billion, is known for successfully rebuilding his company after the September 11, 2001 attacks, which claimed the lives of 658 employees at Cantor Fitzgerald. If confirmed by the Senate, Lutnick has pledged to step away from his business and place his shares in an independent trust.

Jared Isaacman

One of Trump’s most recent appointments is Jared Isaacman, a billionaire with a net worth of $2 billion, as the new head of NASA. Isaacman, founder and CEO of Shift4 Payments, is renowned for his achievements in commercial spaceflight. In September 2021, he commanded the Inspiration4 mission, the first all-private spaceflight organized by SpaceX. In September this year, he led the Polaris Dawn mission, becoming the first private citizen to conduct a spacewalk.

Vivek Ramaswamy

One of the youngest billionaires in the US, Vivek Ramaswamy, was appointed by Trump as co-head of the Department of Government Efficiency. With a net worth of $1.1 billion, Ramaswamy earned his fortune as the founder of Roivant Sciences, a biotech company specializing in reviving and licensing medications suspended at the initial stage of their development. He is also the co-founder of the investment firm Strive Asset Management.

Frank Bisignano

Donald Trump nominated Frank Bisignano, CEO of the fintech company Fiserv, as the head of the Social Security Administration. Bisignano is known for his ability to transform large corporations and previously held senior positions at J.P. Morgan Chase and Citigroup. His net worth is estimated at $1 billion.