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President Obama’s, too, had its share of rich people. Perhaps not surprisingly, W.’s Cabinet was dubbed “Millionaires’ row.” And Secretary of State Colin Powell reported at least $24.5 million in assets. Bush, Donald Rumsfeld amassed a financial portfolio worth an estimated $50 million. Bush’s first commerce secretary, Don Evans, was the head of a $1.1 billion Texas oil company when he took the job in 2001.īetween his stints as defense secretary for Presidents Gerald Ford and George W. head John Snow, had a net worth of more than $62 million when he took over for Bush’s first treasury secretary, Paul H. Bush, had a net worth of $700 million when he was appointed in 2006. Henry Paulson, a former Goldman Sachs chairman who served as treasury secretary under President George W. (McCaul’s Texas home is sometimes referred to as the “Taj McCaul.”)Īnd Mitt Romney, said to be among the finalists for secretary of state, is said to be worth $250 million.Īlso read: Trump adviser: Appointments are a blend of ‘insiders’ and ‘disrupters’īut does all of this combined wealth mean Trump’s cabinet, if confirmed, will be the richest ever? That depends on how you factor inflation.Īndrew Mellon, the banker from the wealthy Mellon family who was appointed treasury secretary in the 1921, was one of the richest people in America during his decade in the White House.Īnd the Cabinets of recent presidents have had plenty of rich members. McCaul’s wife, Linda Mays McCaul, is the daughter of billionaire and Clear Channel Communications founder Lowry Mays. McCaul, a candidate for secretary of homeland security, is one of the wealthiest members of Congress, with a net worth north of $117 million.

(Cohn’s salary was $20.5 million in 2015.) Goldman Sachs President Gary Cohn, who Trump is reportedly considering for a senior administration job, is one of the highest-paid executives on Wall Street. Harold Hamm, an oil-and-gas magnate and rumored pick for secretary of energy, has a net worth of $14.6 billion. Trump dines with Mitt Romney at Jean-Georges, located at Trump Tower in New York City, Nov. (Trump, who claims to be worth far more than $10 billion, railed against the “bankrupt magazine” last year, when Forbes assigned him a $4.5 million net worth.) 156 on the magazine’s list of wealthiest people in the U.S.

According to Forbes, Trump’s net worth fell $800 million last year to $3.7 billion, putting him at No. That’s chump change in comparison to Trump’s choice for education secretary, Betsy DeVos, former chair of the Michigan Republican Party and a major GOP donor whose family’s net worth is estimated by Forbes to be $5.1 billion, making them the 88th richest in America - and richer than her would-be boss. Bush and is married to Senate Majority Leader Mitch McConnell. Price’s net worth: $13.6 million.Įlaine Chao, Trump’s choice for transportation secretary, was labor secretary under former President George W. Tom Price, Trump’s pick for health and human services secretary, is an orthopedic surgeon turned six-term Republican congressman from Georgia. Todd Ricketts, whose family owns the Chicago Cubs and is the 66th richest person in America, per Forbes, was named deputy commerce secretary on Wednesday. Related: Trump’s treasury nominee has a nagging foreclosure problem