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Fortune

Alena Botros

Wealthy Trump appointees are flocking to Washington, D.C., and looking for luxury homes

Donald Trump Howard Lutnick Scott Bessent Washington D.C. the Wall Street Journal David McCormick John Phelan DC

(Credit: Justin Sullivan/Getty Images)

Howard Lutnick, whom Trump tapped for Commerce secretary, purchased a $25 million home; and Scott Bessent, whom Trump chose for Treasury secretary, is on the hunt, according to the Wall Street Journal.

President Donald Trump compiled his ideal cabinet: an ultrawealthy one. If all his nominees are confirmed, their combined wealth could be more than $20 billion on paper, New York magazine estimated earlier. Oh, and that excludes the richest man in the world, who appears to have the president’s ear: Elon Musk.

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