Trump's billionaire friends and cabinet picks are house hunting in Washington D.C., leading to an explosion in the luxury realty market; such is the demand that there is shortage of trophy houses
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According to Dnyuz, leading this group is Tesla CEO Elon Musk with a staggering net worth of $429 billion. US President Donald Trump, who eventually campaigned as a populist has appointed wealthy donors to significant government roles while raising concerns about the intertwining of wealth and power in Washington.
The luxury real estate market in the capital has seen a surge as these billionaires invest in high end properties. The notable transactions include Howard Lutnick's purchase of a $25 million home and Scott Bessent's interest in a $7 million property, asserted Dnyuz.
Several real estate agents report overwhelming demand for trophy homes while being driven by those seeking proximity to power.
While US President Donald Trump's administration is marked by unprecedented wealth, numerous Democrats also have affluent figures, albeit less wealthy than their Republican counterparts, noted Dnyuz.
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