President-elect Donald Trump has selected Vincent Viola to be the next secretary of the Army, choosing yet another billionaire to join his historically loaded team of top advisors and administrators.
Vioa is founder of Virtu Financial, an electronic trading firm. He also previously chaired the New York Mercantile Exchange and is a co-owner of the Florida Panthers National Hockey League team.
‘Viola’s business experience makes him well positioned to help guide a Fortune 10-sized company, the U.S. Army, to accomplish its broad mission in the most innovative and efficient way possible,’ said Tump in a transition statement.
Viola is just the latest in a handful of billionaires to join the incoming Trump administration.
Among them are Amway heir Betsy DeVos ($5.1 billion), Trump’s nominee to run the Education Department, Wilbur Ross ($2.5 billion) for Commerce, Todd Ricketts ($5.3 billion) to be deputy Commerce secretary, and Linda McMahon ($1.6 billion) for the Small Business Administration.
CBS News put the price of Trump’s cabinet at $14 billion. The president elect stated when he made his financial filings during the campaign that his company was worth $10 billion.
Viola served in the 101st Airborne Division as an infantry officer. According to a transition release, he worked ‘tirelessly’ to support the Army philanthropically following the Sept. 11th attacks.
“I am proud to have such an incredibly accomplished and selfless individual as Vincent Viola as our Secretary of the Army,” said Trump. “Whether it is his distinguished military service or highly impressive track record in the world of business, Vinnie has proved throughout his life that he knows how to be a leader and deliver major results in the face of any challenge.’