The billionaire hidden behind the curtain inside Trump’s Pentagon
Stephen Feinberg, the billionaire founder of Cerberus Capital Management, has wielded significant influence over U.S. military spending since becoming deputy undersecretary of defense in March 2025. Despite his media-shy persona, insiders report that he has eclipsed Defense Secretary Pete Hegseth in actual power, reshaping the Pentagon's procurement practices and staffing it with loyalists.
Summary by OZbrief Editorial · The Guardian Australia · Source
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Published 18 Jun 2026, 18:01 UTC · Updated 18 Jun 2026, 18:20 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia. Editorial policy · Corrections
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