In brief
- Michael Bloomberg is the richest US politician, with a Forbes net worth of $94.9 billion.
- Commerce Secretary Howard Lutnick, at $7.2 billion, is the richest current officeholder.
- Forbes puts President Donald Trump’s net worth at $6.8 billion in October 2026.
- Illinois governor JB Pritzker, at $4.2 billion, is the richest governor.
As of October 2026, the richest politician in the USA is former New York City mayor Michael Bloomberg, with a Forbes real-time net worth of $94.9 billion. Among people holding office today, Commerce Secretary Howard Lutnick leads at $7.2 billion, ahead of President Donald Trump at $6.8 billion.
The second Trump administration has more billionaires in senior posts than any before it. Below are the richest politicians and public officials in the United States, ranked by Forbes net worth figures checked in October 2026.
| Rank | Name | Forbes net worth | Role |
|---|---|---|---|
| 1 | Michael Bloomberg | $94.9 billion | Former mayor of New York City |
| 2 | Howard Lutnick | $7.2 billion | US secretary of commerce (from 2025) |
| 3 | Donald Trump | $6.8 billion | President of the United States |
| 4 | Stephen Feinberg | $6.3 billion | Deputy secretary of defense (from 2025) |
| 5 | JB Pritzker | $4.2 billion | Governor of Illinois |
| 6 | Warren Stephens | $3.4 billion | US ambassador to the UK |
| 7 | Vivek Ramaswamy | $2.3 billion | Candidate for governor of Ohio |
| 8 | Jared Isaacman | $1.5 billion | NASA administrator |
1. Michael Bloomberg: $94.9 billion
Michael Bloomberg co-founded the financial data and media company Bloomberg LP in 1981 and still owns most of it. Forbes estimates his net worth at $94.9 billion, ranking him 20th in the world.
Also readMichael Dell Net Worth 2026: $241.6 Billion After October SlideHe served three terms as mayor of New York City from 2002 to 2013 and ran for the Democratic presidential nomination in 2020. He remains one of the largest political and charitable donors in the country, through Bloomberg Philanthropies.
2. Howard Lutnick: $7.2 billion
Howard Lutnick built his fortune as chairman and CEO of the financial services firm Cantor Fitzgerald, which he led after the firm lost 658 employees in the 11 September 2001 attacks. Forbes puts his net worth at $7.2 billion.
He co-chaired Donald Trump’s 2024 transition team and joined the administration in 2025 as the 41st US secretary of commerce, leading trade and tariff policy.
3. Donald Trump: $6.8 billion
Forbes estimates President Donald Trump’s net worth at $6.8 billion as of October 2026, ranking him 245th on the 2026 Forbes 400. Much of his fortune is still in real estate, including office towers, golf courses and Mar-a-Lago.
Forbes says he has added billions through crypto ventures since returning to office, alongside his stake in Trump Media and Technology Group, the owner of Truth Social. His other holdings include a winery and a 1991 Boeing 757.
4. Stephen Feinberg: $6.3 billion
Stephen Feinberg co-founded the private equity firm Cerberus Capital Management in 1992. Forbes lists Feinberg and his family at $6.3 billion.
He was sworn in as deputy secretary of defense in March 2025, the number two civilian post at the Pentagon.
5. JB Pritzker: $4.2 billion
JB Pritzker is an heir to the Hyatt hotel fortune and a venture investor. Forbes estimates his net worth at $4.2 billion, making him the richest elected official in the country after the president.
A Democrat, he was first elected governor of Illinois in 2018 and re-elected in 2022. He has used much of his own money to fund his campaigns, and in 2025 he announced a bid for a third term in the November 2026 election.
6. Warren Stephens: $3.4 billion
Warren Stephens runs Stephens Inc., the Little Rock, Arkansas, investment bank founded by his family in 1933. Forbes puts his net worth at $3.4 billion.
He is the current US ambassador to the United Kingdom, a post often given to major political donors.
7. Vivek Ramaswamy: $2.3 billion
Vivek Ramaswamy made his fortune as founder of biotech company Roivant Sciences and through investments. Forbes estimates his net worth at $2.3 billion.
He ran for the Republican presidential nomination in 2024 and briefly co-led the Department of Government Efficiency with Elon Musk in early 2025, before launching a campaign for governor of Ohio.
8. Jared Isaacman: $1.5 billion
Jared Isaacman founded Shift4 Payments, which he took public in 2020. Forbes valued him at $1.5 billion on its 2025 billionaires list. He has also flown to space twice on private SpaceX missions that he funded himself: Inspiration4 in 2021 and Polaris Dawn in 2024, when he carried out the first commercial spacewalk.
Trump nominated him to lead NASA, and he testified to Congress as NASA administrator in April 2026.
Richest members of Congress
No current member of Congress appears on Forbes’ billionaires list. Senator Jim Justice of West Virginia, a former governor who inherited a coal business, was listed by Forbes at $1.2 billion in 2020. Forbes removed him from its list in 2021 after it emerged that his companies owed about $850 million to the lender Greensill Capital.
Members of Congress report their assets in broad value ranges, so their exact net worth is hard to measure. Wealthy members include senators who made fortunes in business before entering politics. Independent trackers estimate their wealth from these filings, but the results vary widely, so we have not ranked them here.
How we ranked these politicians
We ranked people who hold or have held major elected or appointed office in the US by their Forbes net worth, as shown on Forbes profiles in October 2026. Forbes figures for public company holders change daily. Jared Isaacman’s figure is from the April 2025 Forbes list, the latest on his profile.
Business owners such as Elon Musk, who advised the government in 2025 but did not hold elected office, are not included. For more on political wealth, see our profiles of Xi Jinping’s net worth and Bashar al-Assad’s net worth.
Sources: Forbes: Michael Bloomberg, Forbes: Howard Lutnick, Forbes: Donald Trump, Forbes: JB Pritzker, Forbes: Jim Justice.
Frequently asked questions
Who is the richest politician in the USA?
Former New York City mayor Michael Bloomberg is the richest US politician, with a Forbes net worth of $94.9 billion in October 2026. Among people in office today, Commerce Secretary Howard Lutnick leads at $7.2 billion, followed by President Donald Trump at $6.8 billion.
What is Donald Trump’s net worth in 2026?
Forbes estimates Donald Trump’s net worth at $6.8 billion as of October 2026, ranking him 245th on the 2026 Forbes 400. His wealth is mainly in real estate and golf courses, with billions added through crypto ventures and his stake in Trump Media.
Who is the richest governor in the US?
Illinois governor JB Pritzker is the richest governor in the US, with a Forbes net worth of $4.2 billion in October 2026. He is an heir to the Hyatt hotel fortune and a venture investor, and was first elected governor in 2018.
Are there billionaires in Congress?
No current member of Congress is on the Forbes billionaires list. Senator Jim Justice of West Virginia was listed at $1.2 billion in 2020, but Forbes removed him in 2021 after reports that his companies owed about $850 million to Greensill Capital.
How many billionaires are in the Trump administration?
Several billionaires hold senior posts, including Commerce Secretary Howard Lutnick at $7.2 billion, Deputy Defense Secretary Stephen Feinberg at $6.3 billion, UK ambassador Warren Stephens at $3.4 billion and NASA administrator Jared Isaacman, listed at $1.5 billion by Forbes in 2025.
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