Donald Trump assembles a team of billionaires as his administration takes shape

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On Wednesday, he named billionaire Wilbur Ross, who has made a fortune cobbling together dying companies, as his commerce secretary, and Todd Ricketts, part of the billionaire family that owns the Chicago Cubs, as deputy commerce secretary.

Another billionaire, Betsy DeVos, is his pick for education secretary. By comparison, the vast wealth of millionaires Steven Mnuchin, the ex-banker tapped for Treasury secretary, and Mitt Romney, whom Trump is considering for secretary of state, looks almost paltry.

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