Here's your Forbes Daily Briefing for Saturday, November 23rd.

Today on Forbes, newly nominated Trump Medicare chief Dr. Oz is tied to one of Pennsylvania's wealthiest families.

Last Tuesday, Trump nominated Mehmet Oz to run the Centers for Medicare and Medicaid services. The post will require

confirmation by the U.S. Senate. In announcing Oz as his pick, Trump said, quote, Dr. Oz will work

closely with Robert F. Kennedy Jr. to take on the illness industrial complex and all the horrible

chronic diseases left in its wake.

Oz is known nationally as the retired physician turned television personality, who became famous largely thanks to his ties to Oprah Winfrey.

The talk show host regularly featured him as a guest on her Oprah show,

and she co-produced the Dr. Oz show, which won 10 daytime Emmys over a 12-year run that ended in early 2022,

when he pulled out to focus on running as a Republican for a U.S. Senate seat in Pennsylvania,

a race he ended up losing to Democratic candidate John Federman.

The man Oz defeated in the Republican primary for the Senate in 2022,

the former CEO of Hedge Fund Bridgewater Associates, Dave McCormick, now appears to be headed to the Senate alongside

Federman, after narrowly defeating Democratic incumbent Bob Casey earlier this month.

Oz has made a fortune from TV, $9.3 million in pre-tax earnings in 2021 alone,

according to a government financial disclosure he filed while running for the Senate seat.

He also raked in just under $1 million in 2021 for speeches and appearances

for the likes of Warner Brothers and the American Pistachio Growers Association,

as well as from royalties for a medical device he patented with colleagues at Columbia University,

where he was a professor of surgery.

But much of Oz's fortune, not to mention his ties to Pennsylvania,

come from a different source, his wife's wealthy family.

...