Donald Trump may assemble the wealthiest Cabinet in modern US history

President-elect Donald Trump's Cabinet is slowly coming together. And so far, many of his picks have one thing in common: They're very, very rich.

And if this trend continues, Trump could have the wealthiest administration in modern U.S. history.

Just look at a few of the people he's already chosen for the top spots.

SEE MORE: Here's What A Ton Of Money Can Buy At Donald Trump's Inauguration

On Wednesday, he announced Steve Mnuchin as secretary of the treasury. He just so happens to be a former Goldman Sachs executive who has since financed several hit movies. His estimated net worth? $40 million.

Trump tapped billionaire investor Wilbur Ross to be his secretary of commerce. Forbes estimates his net worth is $2.5 billion.

And they join a group of other extremely wealthy people, including Chicago Cubs co-owner Todd Ricketts, major GOP donor Betsy DeVos and Elaine Chao, wife of Senate Minority Leader Mitch McConnell, to name a few.

SEE MORE: Palin Seems Eager To Win A Spot In Trump's Cabinet

Granted, President Barack Obama's commerce secretary is worth over $2 billion.

And many thought George W. Bush's 2001 cabinet was pretty darn rich. All together, the group had an inflation-adjusted net worth of about $250 million.

But, as The Wall Street Journal points out, that's "roughly one-tenth the wealth" Ross alone has under his belt.

Still, some are concerned a Cabinet full of billionaires could be bad news for the American people.

As a writer for Vanity Fair put it: "Working-class Americans stand to lose a lot when billionaires are put in charge of the nation's executive branch. Running a country is not like running a business."

Trump is expected to announce his remaining Cabinet picks soon.

Trump's official picks for Cabinet and administration positions
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Trump's official picks for Cabinet and administration positions

Counselor to the President: Kellyanne Conway

REUTERS/Joshua Roberts

Veterans Affairs Secretary: David Shulkin

(Photo credit DOMINICK REUTER/AFP/Getty Images)

Transportation secretary: Elaine Chao

(Photo By Bill Clark/CQ Roll Call)

Energy secretary: Rick Perry

(Photo credit KENA BETANCUR/AFP/Getty Images)

Secretary of State: Rex Tillerson

 REUTERS/Daniel Kramer

Secretary of Defense: Retired Marine General James Mattis

(Photo by Samuel Corum/Anadolu Agency/Getty Images)

Chief of staff: Reince Priebus

(JIM WATSON/AFP/Getty Images)

Chief strategist: Steve Bannon


Attorney General: Senator Jeff Sessions

(Photo By Bill Clark/CQ Roll Call)

Director of the CIA: Kansas Rep. Mike Pompeo

(Photo By Bill Clark/CQ Roll Call)

Deputy national security adviser: K.T. McFarland

(Photo by Michael Schwartz/Getty Images)

White House counsel: Donald McGahn

(Photo by Drew Angerer/Getty Images)

Ambassador to the United Nations: South Carolina Gov. Nikki Haley

(Photo by Astrid Riecken For The Washington Post via Getty Images)

Education secretary: Betsy DeVos

(Photo By Tom Williams/CQ Roll Call)

Commerce secretary: Wilbur Ross

(Photo by Andrew Harrer/Bloomberg via Getty Images)

Homeland security secretary: General John Kelly

(Photo by Drew Angerer/Getty Images)

Housing and urban development secretary: Ben Carson

(Photo credit NICHOLAS KAMM/AFP/Getty Images)

Administrator of Environmental Protection Agency: Oklahoma Attorney General Scott Pruitt

(Photo by Spencer Platt/Getty Images)

Health and human services secretary: Tom Price

(Photo by Alex Wong/Getty Images)

Department of Homeland Security: Retired General John Kelly

(REUTERS/Joshua Roberts)

Secretary of agriculture: Sonny Perdue

(BRYAN R. SMITH/AFP/Getty Images)

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