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Business News›News›International›Global Trends›Trump dwarfs his predecessors in the number of ultra-rich in his second White House, report shows

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Trump dwarfs his predecessors in the number of ultra-rich in his second White House, report shows

Synopsis

Donald Trump appointed significantly more millionaires to his administration than prior presidents. Fifty-seven officials in his government possessed at least one hundred million dollars. This contrasts sharply with previous administrations which had fewer wealthy members. Critics question whose interests these ultra-rich officials truly serve. Public approval of Trump's economic handling has recently declined.

AP

Wealth, perhaps second only to loyalty, has been a prized attribute for Donald Trump during his second presidency.



The number of people worth at least $100 million whom the Republican president has appointed to his administration is more than four times the combined total under the three previous presidents, according to a report from the consumer advocacy group Public Citizen.



It's the numbers for the Trump administration, in the context of previous administrations, that stand out in Public Citizen's report, published on Monday. In all, 57 Trump officials are worth at least $100 million, including 17 ambassadors and the remaining 40 in senior posts across the executive branch.

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