US President Donald Trump invited Big Tech billionaire oligarchs to be at the center of his inauguration. Elon Musk, Jeff Bezos, and Mark Zuckerberg symbolically sat with his cabinet picks.
By Ben Norton
Jan 21, 2025
onald Trump has returned for his second term as US president.
He invited some of the world’s most powerful billionaire oligarchs to his inauguration in Washington.
Sitting next to Trump’s cabinet nominees, at the center of his inauguration, were the three richest people on Earth: Elon Musk, the CEO of Tesla; Jeff Bezos, the founder and executive chairman of Amazon; and Mark Zuckerberg, the CEO of Meta, which is the parent company of Facebook and Instagram.
Together, these three men have nearly $900 billion in wealth.
They could be seen on video chatting alongside Sundar Pichai, who is the billionaire CEO of Google and its parent company Alphabet.
Billionaire Apple CEO Tim Cook also attended Trump’s inauguration.
These Big Tech oligarchs donated millions of dollars to Trump’s inauguration fund.
The image was deeply symbolic, because Donald Trump has selected a slew of billionaires and multi-millionaires to fill his new administration.
At least 13 billionaires will have an important role in Trump’s second administration, and Trump himself is a billionaire.
This makes Trump’s team the richest administration in the history of the US government.
As Treasury secretary, Trump chose billionaire hedge fund manager Scott Bessent; as education secretary, billionaire Linda McMahon; as commerce secretary, billionaire Howard Lutnick; as “White House AI & Crypto Czar”, Silicon Valley oligarch David Sacks; the list goes on.
Trump told wealthy donors during his campaign that he would continue reducing taxes on the rich and on corporations.
During his first term, thanks to Trump’s tax cuts on the rich, the 400 richest billionaire families in the US paid a lower average tax rate than the bottom half of households, of working-class Americans.
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