Average Net Worth of Trump’s Top Economic Advisers Tops $500 Million

Today, Americans for Tax Fairness released a new analysis revealing the vast wealth and potential conflicts of interest among President-elect Trump’s incoming economic advisors, agency heads, and department leaders. The report profiles several appointees and nominees who have historically supported economic policies benefiting themselves and large corporations at the expense of ordinary citizens. The top ten wealthiest economic aides for whom net worth information is available are worth an average of $502 million. 

“If it wasn’t clear already, our report shows Trump is appointing billionaire and millionaire cronies to help further rig our economy in favor of the wealthy and well-connected,” said David Kass, ATF’s Executive Director. “Trump’s key appointments and tax agenda show this administration will be run by and for billionaires at the cost of everyday Americans. Even before Trump takes office his GOP Hill allies are pushing to spend trillions on new tax cuts to enrich large corporations and wealthy elites while cutting vital programs like Social Security and Medicaid that working and middle-class Americans rely on.”

Previously, ATF published a report on the incoming president’s proposed cabinet revealing that President-Elect Trump’s wealthiest nominees and transition team officials have a combined wealth exceeding $313 billion. Even without Elon Musk—the world’s richest man and Trump’s Co-Director of the Department of Government Efficiency—the average net worth of Trump’s Cabinet is $616 million. This amount is nearly 616 times greater than the average American household’s net worth.