List of economic advisors to Donald Trump

As part of Donald Trump's 2016 presidential campaign, various economists and businesspeople have served both in a formal and an informal capacity, to advise Trump on macroeconomics and associated government policy decisions. During the transition to the presidency, Trump gained additional advisors, and after the inauguration some of his advisors will officially become part of the Trump administration (including the NEC, NTC, advisors, czars, counselors, OMB, CEA, Treasury, Commerce, USTR, SBA, SEC, and the Fed) while others will remain in the private sector as informal advisors with varying degrees of influence.

Main articles: Economic policy of Donald Trump and Political appointments of Donald Trump
This is a dynamic list and may never be able to satisfy particular standards for completeness. You can help by adding missing items with reliable sources.

Background
Main articles: Economic policy of Reagan, George H.W. Bush, Bill Clinton, George W. Bush, and Obama
See also: Economy of the United States, United States federal budget, and Economic policy

During his presidential campaign

Trump released initial details of his economic policies when his campaign officially began in June 2015, and more details during the first Republican debates which began in August 2015. Although critical of certain aspects of Trump's early economic plans, especially increasing tariffs as opposed to free trade policies,[1] Larry Kudlow and Steve Moore would eventually agree to join the Trump campaign as advisors. Although most presidential candidates had announced a team of formal economic advisors by October 2015, at the time Trump still primarily relied upon his business background to inform his economic plan (Carly Fiorina was the other candidate who relied primarily upon her own background in business in the early phases of the campaign).[2] In addition to his own business expertise, Trump had a network of contacts that sometimes served as informal economic advisors during his campaign, including Carl Icahn.[3] Even as late as July 2016, however, Kudlow and Moore were still not official advisors, despite having already helped craft some of Trump's policy-positions related to taxation for instance.[4]

During the general election

Trump released a list of his campaign's official economic advisers in August 2016,[5][6][7] which was significantly anti-establishment[8] and therefore included few people with any governmental experience,[9] yet at the same time aimed to include some of the elites of business and finance,[5] primarily people with well-known names.

Although most of the names were new, existing Trump advisers David Malpass, Peter Navarro, Stephen Moore, and Dan DiMicco were also on the list, formally led by Stephen Miller, the national policy director, and directly led by deputy policy director Dan Kowalski. The Trump'16 finance director Steven Mnuchin was also listed, and played a role in helping coordinate the group. Many of the names on the original list, or on the subsequent expansions thereof,[10] received media attention as potential appointees to the presidential Council of Economic Advisers, or in other Trump administration roles. As of August 2016, Trump's economic advisors included:

Several of the advisors were major donors to Trump's presidential campaign.[22]

At first, only one of Trump's initial list of a dozen official advisors, Peter Navarro, had a PhD in economics.[23] Although he had been in contact with Trump since 2011,[24] Navarro had never met nor spoken with Trump directly in August 2016,[25] but began to meet with Trump in person late in the 2016 campaign.[24] A few days after Navarro was announced, Trump added Judy Shelton, an economist[19][20] with a Ph.D[19] in business administration[21] to his team.

As the President-elect
Main articles: Cabinet of Donald Trump and Political appointments of Donald Trump

As of December 2016, many of the advisors during the campaign listed above are under consideration for cabinet-level roles or other high-level roles in the Trump administration. (For instance, Navarro is a contender for the CEA chair, and Shelton is a contender for Fed Vice-Chair.)

Informal presidential advisors

In addition to his statutory advisory groups, Trump is also organizing efforts to directly communicate with business leaders.

Technology industry

Billionaire venture capitalist Peter Thiel originally backed fellow Californian and tech industry candidate Carly Fiorina, but implicitly endorsed Trump in May 2016,[26][27][28] then spoke at the Republican National Convention that July.[29][30] Thiel donated over a million dollars in October 2016.[31][32][33][34][35] A few days after the general election,[36] Thiel joined the executive committee of the Trump transition team,[37][38][39] although Thiel said he was not seeking a full-time Trump administration position.[40]

In addition to bringing some of his tech industry contacts to the Trump team,[41][42][43] Thiel, along with Trump's son-in-law Jared Kushner and incoming White House Chief of Staff Reince Priebus,[44] helped organize a technology-CEO meeting in December 2016 for Trump and Pence, as well as a handful of appointees and transition team members.[45][46][47]

AttendeeNet worth[48]Position and companyMarket cap[49]Trump administration
Jeff Bezos$66,400 millionCEO of Amazon and Blue Origin$372 billionprivate sector
Larry Page$39,500 millionCEO of Alphabet (Google parent)$560 billionprivate sector
Eric Schmidt$11,500 millionChairman of Alphabet (Google parent)$560 billionprivate sector
Donald Trump$3,700 millionOwner of The Trump OrganizationunspecifiedPresident
Wilbur Ross$2,900 millionFormer co-CEO at Invesco$12 billion[50]Commerce
Peter Thiel$2,700 millionChairman of Palantir$20 billion (private)transition team
Alex Karp$1,600 millionCEO of Palantir$20 billion (private)private sector
Sheryl Sandberg$1,270 millionCOO of Facebook$354 billionprivate sector
Tim Cook$785 millionCEO of Apple$624 billionprivate sector
Safra Catz$525 millionCEO of Oracle Corp$169 billionprivate sector
Gary Cohn$266 millionFormer president of Goldman Sachs$93 billion[51]Director N.E.C.
Jared Kushner$200 millionOwner of Kushner Companiesunspecifiedtransition team
Ivanka Trump$150 millionCo-heir of The Trump Organization(see Donald Trump)transition team
Donald Trump, Jr.$150 millionCo-heir & EVP of The Trump Organization(see Donald Trump)transition team
Eric Trump$150 millionCo-heir & EVP of The Trump Organization(see Donald Trump)transition team
Satya Nadella$84 millionCEO of Microsoft$494 billionprivate sector
Brad Smith$58 millionPresident of Microsoft$494 billionprivate sector
Ginni Rometty$45 millionCEO of IBM$163 billionprivate sector
Chuck Robbins$13 millionCEO of Cisco$155 billionprivate sector
Brian Krzanich$12 millionCEO of Intel$177 billionprivate sector
Steve Bannon$10 millionFormer chairman of BreitbartunspecifiedStrategist
Mike PenceunknownFormer Governor of Indiana(n/a)Vice-President
Reince PriebusunknownFormer RNC chairman(n/a)Chief of Staff
Stephen MillerunknownFormer comms. dir. for Jeff Sessions(n/a)Sr. Advisor

Airbnb was also invited to attend the tech-CEO meeting, but their CEO was traveling internationally that week.

The details of the December 2016 meeting were not made public, but according to anonymous sources, reforming the H1B visa program was discussed.[52]

Of the above, Stephen Bannon resigned on 18 August 2017; Reince Prebus was fired on 11 March 2017.

Business-oriented strategy and policy group

In addition to the tech-industry group, there is also a more general business advisory group being formed.[53] Billionaire Stephen Schwarzman of Blackstone organized the business advisory group, which also includes:[54]

It is unclear whether Trump or his transition team have personally met with this advisory group, but media reports indicate that some of the members were considered for cabinet-level positions in his administration (including Dimon as a potential treasury secretary, Cosgrove as potential secretary of veterans affairs, Warsh for a potential Federal Reserve role).

Agricultural industry

During his campaign, Trump had several dozen agricultural advisors.

As President
Main article: Political appointments of Donald Trump
See also: Economic policy of Donald Trump

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