Like likes like. As Politico puts it: “He’s stacking his administration with masters of the universe.”
Today’s billionaires-in-the-cabinet count: One and a fraction, not including the boss.
The only verifiable billionaire tapped by President-elect Donald Trump so far is Wilbur L. Ross Jr., his choice for Commerce. (Wealth is almost a requirement for the job. The current secretary, Penny Pritzker, is also a billionaire.)
As for the fraction: Betsy DeVos is the daughter-in-law of Richard M. DeVos, billionaire co-founder of Amway. The nominee to be Ross’s deputy, Todd Ricketts, is the son of billionaire J. Joe Ricketts, founder of TD Ameritrade.
While Steven Mnuchin, Trump’s choice for Treasury, is very well off, he hasn’t yet made the Forbes billionaire list. Mitt Romney, who may or may not be under consideration for secretary of State, is not on the list either, despite his sizeable fortune.
Some on the list are being measured for chairs at the table. Continental Resources CEO Harold Hamm is a leading contender for energy secretary.
Weighing in on these choices is billionaire Peter Thiel, co-founder of Paypal and a member of the Trump transition team.
Wednesday brought this tweet from David Axelrod, former Obama political strategist:
So far, give @realDonaldTrump credit for assembling a diverse Cabinet, mixing billionaires with just plain multi-millionaires.
— David Axelrod (@davidaxelrod) December 1, 2016
Related reading: Donald Trump is assembling the richest administration in modern American history - Washington Post