From Nasdaq: 2025-02-13 12:59:26

President Donald Trump’s potential 2024 cabinet has a combined net worth of $11.8 billion, with many members holding significant crypto investments. Senate confirmation hearings are ongoing, raising concerns about conflicts of interest. Financial reports reveal wealth from media roles, with nominees like Pete Hegseth and Tulsi Gabbard earning millions from media and speaking engagements.

Robert F. Kennedy Jr. has been confirmed as Health and Human Services Secretary, despite controversy over his views on vaccines. Kennedy’s net worth is $15 million, with significant holdings in Bitcoin. Opposition from scientific communities persists. Pete Hegseth, nominated for Secretary of Defense, received over $4.6 million from Fox News. Allegations of financial mismanagement and misconduct have surrounded his transition from media to government.

Tulsi Gabbard, nominated for National Intelligence, earned over $1.2 million in the past year from book royalties and speeches. Pam Bondi, confirmed as Attorney General, is worth $18 million and owns shares in Trump Media & Technology Group. Scott Bessent, confirmed as Secretary of the Treasury, has a net worth of $500 million, with significant investments in ETFs and cryptocurrencies.

Linda McMahon, nominated for Secretary of Education, is worth over $3 billion from co-founding WWE. Doug Burgum, confirmed as Interior Secretary, has investments in tech stocks. Sean Duffy, confirmed as Secretary of Transportation, holds significant investments in cryptocurrency. Howard Lutnick, nominated for Commerce Secretary, is worth $2 billion and holds over 800 positions in various companies, with an interest in cryptocurrency.

The new cabinet members are required to divest from funds that may pose conflicts of interest, a costly move for many. The financial profiles of Trump’s cabinet members highlight their significant wealth and potential conflicts of interest. The Office of Government Ethics mandates divestment to ensure transparency and ethical behavior in office.



Read more at Nasdaq: Inside the Financial Profiles of Trump’s Cabinet Members, Worth Almost $12 Billion