(Dan Tri) - When he officially enters the White House on January 20, 2025, at the age of 78, Mr. Donald Trump will become the oldest and richest US President in history to take the oath of office.
US President-elect Donald Trump (in red hat) and technology billionaire Elon Musk (Photo: Reuters).
US President-elect Donald Trump's net worth is estimated at $5.5 billion to $6 billion. Notably, his incoming team, which includes the world's richest man Elon Musk, has more combined assets than any other team in history.
In total, there are about 10 billionaires in Mr. Trump's government .
According to a November report by Americans for Tax Fairness, the combined wealth of Trump, Vice President-elect JD Vance, his ultra-wealthy cabinet nominees and the presidential transition team totaled more than $313 billion. Since then, billionaire Elon Musk’s estimated net worth has grown to about $345 billion.
Trump's first-term cabinet, which also set a record for wealth, has a combined net worth of $6.2 billion.
The picture is very different now that President Joe Biden is inaugurated in 2021. Most of his team are millionaires, with a combined net worth of $118 million.
Biden's net worth of $8 million comes from book deals and speeches, while Vice President Kamala Harris, with a fortune of about $7 million, owes much of it to her wealthy lawyer husband, Forbes magazine reported at the time.
Democrats said on December 9 that Mr. Trump was appointing billionaires to his cabinet who were “out of touch with reality.” “The truth is that Mr. Trump and those he has chosen to lead his government are more focused on personal gain than on working families,” the statement said.
At least two of Mr Trump's top priorities when he takes office in January 2025 are concerns of the "rich".
First, extend the 2017 tax cuts, which are seen as disproportionately benefiting corporations and high-income earners.
Second, promoting the elimination or simplification of rules and regulations that restrict operations to remove barriers to business and increase competition in the marketplace is on the wish list of nearly every major business in the United States.
Source: https://dantri.com.vn/the-gioi/nhieu-ty-phu-gia-nhap-doi-ngu-tong-thong-dac-cu-my-donald-trump-20241211120535551.htm
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