Trump Appoints Billionaires to Cabinet Positions

President-elect Donald Trump is set to form an unprecedented cabinet featuring seven billionaires, including Elon Musk, whose estimated net worth is around $337 billion, and Linda McMahon, former WWE CEO, nominated for Education Secretary. Musk, alongside Vivek Ramaswamy, will co-lead the newly established Department of Government Efficiency aimed at reducing government bureaucracy. Other notable appointments include Warren Stephens as UK ambassador and Howard Lutnick as Commerce Secretary. Collectively, Trump's billionaire selections have a staggering net worth of approximately $338.8 billion, significantly higher than the average American family's wealth. This cabinet composition raises questions about the alignment of Trump's originally promoted working-class values with his choice of affluent advisors. Meanwhile, in Sweden, the Wallenberg family, one of the world's wealthiest yet lesser-known dynasties, controls a vast corporate empire valued at around €250 billion, highlighting the global influence of wealthy families beyond the spotlight of individual billionaires like Musk.