The British newspaper The Guardian said that the next administration of Donald Trump will include a number of billionaires whose total wealth reaches $340 billion, making it the richest government in the history of the United States, while other names are expected to join the government, which will raise that number significantly.

The newspaper reported that these appointments - which include figures such as Elon Musk and Vivek Ramaswamy - raise questions about the impact of huge fortunes on government policies, especially with regard to spending and the rights of lower-income groups.

She highlighted that Trump has gathered a large number of billionaires and millionaires to take up senior positions in his next administration, which contradicts his presidential campaign that targeted working-class voters.

The writer pointed out that there are at least 11 people who were chosen to fill strategic positions in the next Trump administration, who are billionaires, married to billionaires, or close to entering the billionaires club.

Billions billions!

The net result, the writer explained, would be that this administration would become the richest in US history, with a total value of $340 billion at the beginning of this week, before Trump boosted its financial value by trying to appoint at least 3 more billionaires.

He stated that the wealth of this collective government exceeds the wealth of Trump's first government, which was formed after his victory in the 2016 elections.

He said that the total wealth of the members of Joe Biden's current government is only $118 million.

According to the newspaper, Donald Trump's nominations include Linda McMahon - the candidate for the position of Secretary of Education and a former senior executive in the World Wrestling Entertainment organization - and her husband Vince McMahon, whose fortune is estimated at about 3 billion dollars.

Also in the mix are North Dakota Governor and former businessman Doug Burgum, who is nominated for Secretary of the Interior; Howard Lutnick, chairman and CEO of Cantor Fitzgerald, who is nominated for Secretary of Commerce; and Scott Bessent, a former partner at Soros Investment Management, who is nominated for Secretary of the Treasury.

Important names

Others up for Senate confirmation include Charles Kushner, a real estate mogul and father of Trump's son-in-law Jared Kushner, who is nominated to be U.S. ambassador to Paris, and Warren Stephens, an investment banker who has been tapped to be U.S. ambassador to London.

In addition to Jared Isaacman, a businessman who is a candidate to head the National Aeronautics and Space Administration (NASA), and Kayleigh Loeffler, a former Republican senator and chair of Trump's joint inaugural committee, who was chosen to head the Small Business Administration.

The writer pointed out that all of these names fall under the category of billionaires, either individually or through marital or family ties, according to Forbes magazine.

The president-elect has reportedly offered the position of deputy defense secretary to another billionaire, Stephen Feinberg, a private equity investor and co-chairman of Cerberus Capital Management.

Feinberg's personal wealth was estimated at $4.8 billion in July of this year, and it is not known whether Feinberg agreed or not.