Business Report: The wealth of the people in the new administrat - Hawaii News Now - KGMB and KHNL

Every president forms his own government. Obama brought rivals in to keep them close. Reagan hired his aides as California governor.  Trump has been hiring generals and rich people.  The New York Times prepared a graphic.

Education Secretary Betsy DeVos is worth at least $580 million. She’s an heiress to the Amway fortune. Commerce Secretary Wilbur Ross is easily worth a third of a billion. In the quarter billion category: Secretary of State Rex Tillerson, economic advisor, and Trump son-in-law Jared Kushner. Tech advisor Reed Cordish and Treasury Secretary Steven Mnuchin are in the next tier.

All these other circles are mere millionaires. Financial disclosures don’t require precise amounts, they ask for ranges. These numbers represent the bottom of each range.The forms are not well-designed for the complicated finances of people this wealthy.

Copyright 2017.  Hawaii News Now.  All Rights Reserved.