As the November presidential election approaches, Democratic candidate Kamala Harris and Republican rival Donald Trump are in a tight race, with some of Wall Street's top bosses weighing in. Here's a breakdown of where they stand:
BILL ACKMAN, CEO, PERSHING SQUARE CAPITAL MANAGEMENT
Billionaire hedge fund manager Ackman endorsed Trump after previously calling for his resignation following the Capitol riots. Ackman's endorsement came after spending time with Trump at a fundraiser, but the reasoning behind his support remains unclear.
ROGER ALTMAN, EVERCORE CO-FOUNDER
Democratic donor Altman is backing Harris, stating that both campaigns will have sufficient funding and that money won't determine the race's outcome.
MARC ANDREESSEN, GENERAL PARTNER, ANDREESSEN HOROWITZ
Silicon Valley venture capitalist Andreessen, known for supporting Democrats, donated to Trump's Political Action Committees due to the former President's tech policies.
SCOTT BESSENT, CEO KEY SQUARE CAPITAL MANAGEMENT
Hedge fund manager Bessent is advising Trump's campaign and could be a potential Treasury secretary if Trump wins. Bessent has offered guidance on handling U.S. debt.
BLACKSTONE BOSSES
Blackstone CEO Schwarzman is a long-time Trump donor, while Blackstone president Gray has supported Harris. Schwarzman donated to Trump's PAC, while Gray contributed to the Harris Action Fund PAC.
MARK CUBAN, BILLIONAIRE ENTREPRENEUR
Cuban backs Harris, citing her tax plan and support for entrepreneurs. He is urging crypto executives to support and donate to the Vice President.
JAMIE DIMON, JPMORGAN CEO
JPMorgan CEO Dimon, typically leaning Democratic, called for the next president to restore faith in America without endorsing a candidate.
BLAIR EFFRON, CO-FOUNDER, CENTERVIEW PARTNERS
Democratic backer Effron supports Harris, praising her leadership qualities.
KEN GRIFFIN, CEO, CITADEL
Hedge fund billionaire Griffin, a Republican mega-donor, has not donated to Trump's campaign but is focused on supporting Congressional Republican races.
MARC LASRY, CEO, AVENUE CAPITAL GROUP
Democratic fundraiser Lasry is backing Harris for the 2024 election, planning to host fundraisers for her.
HOWARD LUTNICK, CEO, CANTOR FITZGERALD
Investment banking chief Lutnick, a long-time Trump supporter, has hosted fundraisers for the former President.
LAZARD CEO PETER ORSZAG AND LAZARD PRESIDENT RAY MCGUIRE
The executives personally support Harris as a candidate, with Orszag having served in Democratic administrations.
JOHN PAULSON, BILLIONAIRE INVESTOR
Paulson, a Trump backer, believes Trump's policies are superior for economic growth compared to Biden-Harris policies.
PAUL SINGER, FOUNDER, ELLIOTT INVESTMENT MANAGEMENT
Republican mega-donor Singer, who opposed Trump in 2016, reportedly met with Trump to discuss donating to his campaign.
TOM STEYER, FINANCIER AND BILLIONAIRE
Billionaire activist Steyer endorsed Harris, highlighting her defense of the rule of law and results-driven approach.
ALEX AND GEORGE SOROS, INVESTOR
Alex Soros, son of Democratic mega-donor George Soros, supports Harris in the effort to defeat Trump.
These endorsements and donations from Wall Street's top bosses reflect their confidence in the candidates' policies and abilities. Understanding where these influential figures stand can provide insight into the potential impact of the upcoming election on financial markets and the economy.
Top Investment Manager Reveals Crypto Endorsement for Trump - What This Means for Your Finances
In a shocking turn of events, ARK Invest CEO Cathie Wood, a prominent figure in the crypto industry, has publicly endorsed Trump as the best candidate for the economy. This endorsement has solidified Trump's position as the pro-crypto candidate and has led to a surge of crypto money flowing into his campaign.
On the other hand, Jeffrey Yass, founder of Susquehanna International and a major investor in ByteDance, has emerged as one of the top donors in the 2024 US election cycle. Yass, a libertarian, has donated over $70 million to Republican causes and is focused on supporting congressional candidates who advocate for school choice policies.
Analysis:
Cathie Wood's endorsement of Trump and the influx of crypto money into his campaign could have significant implications for the financial markets. As an investor, it's important to stay informed about the political landscape and how it can impact your investments. Additionally, Jeffrey Yass's support for school choice policies could shape the future of education in the US, making it crucial to monitor his contributions to political candidates. Stay tuned for more updates on how these developments could affect your finances.