Trump’s Two Billion Dollar Team

Trump’s Two Billion Dollar Team

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Editor’s Remarks:
Of all the administrations in American history, Donald Trump’s is thought to top the list when it comes to wealth. The ten richest people in Team Trump command assets worth almost $2.1bn between them – and that’s according to just the lower bounds of the range of estimates given for each official by financial disclosure filings, meaning the real number could be a lot more. President Trump’s wealth dwarfs even their combined assets, though, with an estimated net worth of $3.5bn, as well as that of the second-richest US President after him, John F Kennedy, who had a mere $1bn. Most of those on the list made their riches from quite different sources to Trump. Betsy DeVos, for example, had a lucrative business career, with a big bump to her net worth from the joint investment activities she was in with husband and multi-billionaire Amway CEO Dick Devos before becoming education secretary. Wilbur Ross made his name as the ‘King of Bankruptcy’ by turning around failed companies in steel, manufacturing, and others. Gary Cohn, meanwhile, made his millions rising up to president and COO of Goldman Sachs, positions he ceded to join Team Trump as chief economic adviser. Incidentally, JFK inherited most of his billion from his father – a good bit more than Trump’s small loan of a million dollars.

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