Skip to main content

Sign up for our newsletter.

Quality journalism. Progressive values. Direct to your inbox.

"It would take about 120,000 households with the United States median net worth of about $83,200 to match the wealth of just the four richest members of Trump's cabinet," Quartz reports. (Photo: Tax Credits/flickr/cc)

Trump's Cabinet Wealthier Than One-Third of US Households Combined

In addition to uber-wealthy, Huffington Post notes Trump's cabinet "is shaping up to be the least diverse in recent history"

Deirdre Fulton, staff writer

Besides comprising the wealthiest administration in modern U.S. history, President-elect Donald Trump's 17 ultra-rich cabinet-level picks thus far have a combined wealth that surpasses that of the 43 million least wealthy American households combined.

That's according to a Quartz analysis published Thursday, based on data from the 2013 Survey of Consumer Finances. It shows that the $9.5 billion held by Trump's cabinet or cabinet-level nominees is greater than that of 43 million U.S. households combined—over one-third of the 126 million households total in the United States. (Other analyses have shown the Trump administration to have an even higher combined wealth.)

"Even if we just compare the wealth of Trump's cabinet to the median household, it is still an impressive concentration of riches," Dan Kopf wrote for Quartz. "It would take about 120,000 households with the United States median net worth of about $83,200 to match the wealth of just the four richest members of Trump's cabinet—Betsy DeVos, Wilbur Ross Jr., Linda McMahon, and Rex Tillerson."

(Credit: Huffington Post)

In addition to uber-wealthy, Huffington Post senior political reporter Amanda Terkel wrote on Wednesday, Trump's cabinet "is shaping up to be the least diverse in recent history, with just three people so far who are not white men."

"Of the 13 people Trump has nominated for Cabinet positions, only Ben Carson (Housing and Urban Development), Elaine Chao (Transportation), and Betsy DeVos (Education) are not both white and male," she noted.

Reporter Gregory Krieg also noted the trend at CNN, writing: "Of Trump's 18 choices to date—excluding his vice president and senior White House staff—14 are white, of which 12 are male. By comparison, 11 of the the corresponding positions in Obama's first cabinet were white—with seven men and four women—along with Latino labor and interior secretaries and three African-Americans, two of whom were women."

Trump's choice of several generals to fill top positions within his administration has also drawn flak.


Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.
We need your help.

Support progressive journalism.

Common Dreams is not your average news site. We don't survive on clicks or advertising dollars. We rely entirely on your support. And without it, our independent progressive journalism simply wouldn’t exist. Every gift of every amount matters.

Join the fight and support our common dreams today.

UN General Assembly Condemns Myanmar Junta Violence, Urges Arms Embargo

Member nations voted 119-1 in favor of the resolution, which also calls for a return to the country's fragile democracy.

Brett Wilkins, staff writer ·


Dems Introduce Abolition Amendment to Scrap Constitution's 'Slavery Clause'

"The loophole in our Constitution's ban on slavery not only allowed slavery to continue, but launched an era of discrimination and mass incarceration that continues to this day," said Sen. Jeff Merkley.

Julia Conley, staff writer ·


'Surreal' and 'Distressing': Climate Experts' Predictions Come True With US Heatwave

"The current heatwave and drought leave no doubt, we are living the dangerous effects of the climate crisis."

Jessica Corbett, staff writer ·


94% of Americans Oppose Big Pharma's Control of Global Covid-19 Vaccine Doses: Poll

Half of U.S. adults also consider it unacceptable that pharmaceutical corporations, which monopolized dose production, have profited substantially from vaccines developed using public funding.

Kenny Stancil, staff writer ·


'Counseling Not Criminalization' Bill Unveiled to Boot Police From US Schools

"For too long our education system has been intertwined with the criminal legal system and the results have been tragic."

Andrea Germanos, staff writer ·