Trump’s administration has shattered records by appointing more than 50 billionaires—four times the total of all three previous presidents combined—with 17 serving as ambassadors and 40 in top executive roles. Eight out of his 23 Cabinet members are billionaires, including key figures like Commerce and Education Secretaries. Trump argues wealth equals competence, but critics warn this skews priorities and ignores broader public needs. Despite his billionaire-heavy team, approval for his economic leadership is plummeting ahead of midterms, especially after policies favoring the wealthy.
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