That many of President Trump's top advisers are drawn from the ranks of the financial elite is no surprise, but White House disclosures Friday night revealed just how wealthy the president's confidants really are. The combined assets of 27 White House officials topped $2.3 billion when they joined the administration, The Washington Post calculates, with investments and holdings spanning a wide range of business sectors.
One of the richest officials is Gary Cohn, director of the National Economic Council, who is alone worth at least $252 million (the key economic adviser's wealth could top $600 million, as government forms allow officials to report ranges of wealth rather than specific figures). Chief strategist Stephen Bannon reported between $13 and $56 million.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
July 24 editorial cartoonsCartoons Thursday's political cartoons include an abrupt summer recess, the return of Hillary's emails, and an ominous climate announcement
-
Bookish: delightful period detective drama from Mark GatissThe Week Recommends 'Cosy crime' series is a 'standout pleasure' in an Agatha Christie-style formula
-
While away a balmy evening under the stars at these pop-up screeningsThe Week Recommends While away a balmy summer evening under the stars at these pop-up screenings
-
Dollar faces historic slump as stocks hit new highSpeed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
-
Economists fear US inflation data less reliablespeed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutinySpeed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress codespeed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirementspeed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff displaySpeed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loomSpeed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
