President Donald Trump’s second-term appointments set a record for the wealthiest presidential administration in modern history, an early indication Trump had no problem welcoming business magnates into his inner political circle. Those individuals included Tesla CEO Elon Musk, with a net worth of $805 billion, to lead the Department of Government Efficiency (DOGE), as well as Commerce Secretary Howard Lutnick, longtime CEO of financial services firm Cantor Fitzgerald.
With Trump himself a real estate developer with deep ties to cryptocurrencies, it’s perhaps not a surprise that among the priorities for building the government workforce would be to create more opportunities for private sector workers, as well as to create a more permeable barrier between the two sectors. Office of Personnel Management Director Scott Kupor—the former managing partner at venture capital giant Andreessen Horowitz before joining the Trump administration in 2025—has been tasked with carrying that out.
