Cointime

Download App
iOS & Android

Billionaires Who Have Supported Trump or Harris in the 2020 US Presidential Election

Forbes has identified more than 100 billionaires who have supported either former President Donald Trump or Vice President Kamala Harris, with the majority backing Harris. While some billionaires, such as Elon Musk, have publicly endorsed Trump, others like Warren Buffett and Mark Zuckerberg have remained neutral. Despite Harris's criticism of policies favorable to billionaires, many ultra-wealthy individuals may support her due to her promotion of fair and predictable policies that support a stable business environment. A recent survey of millionaire investors found that technology, healthcare, and sustainability stocks are the sectors most likely to benefit from a Harris win, which may explain the support of many Silicon Valley billionaires.

Several billionaires, including Jeff Bezos, Ken Griffin, and Bill Gates, have not endorsed or financially backed any presidential candidate. Bezos celebrated Biden's election in 2020 but has not publicly endorsed him. Griffin has stated that he is "torn" and will not vote with a "smile on his face" as he does not believe either candidate has quality policies or leadership. Gates has not officially endorsed a candidate but spoke positively about Harris in a July interview.

Several wealthy individuals, including Microsoft co-founder Bill Gates and JPMorgan Chase CEO Jamie Dimon, have been rumored to support Democratic presidential candidate Kamala Harris. Gates reportedly donated $50 million to a Democratic political action committee supporting Harris, while Dimon has privately endorsed her and expressed openness to a role in her administration. However, not all wealthy individuals have taken a public stance on the election, including Berkshire Hathaway CEO Warren Buffett and Google co-founder Sergey Brin.

Billionaire Ray Dalio, founder of Bridgewater Associates, has refrained from endorsing either candidate in the US presidential election, stating his preference for a more moderate candidate. Sergey Brin, co-founder of Google, has not publicly expressed any feelings towards the election during this cycle, although he found Trump's election in 2016 "deeply offensive" as an immigrant. Larry Ellison, the second-richest person on earth and a past donor to Republican causes, has remained quiet during the final months of the election cycle. Meanwhile, 82 or more billionaires are backing Democratic candidate Kamala Harris, with 28 donating $1 million or more to groups supporting her, including Michael Bloomberg, Neil Bluhm, and Sheryl Sandberg.

Several billionaires have donated to Kamala Harris' campaign during the third quarter, including Tim Draper, J.B. Pritzker, Tyler Perry, Bruce Springsteen, and Taylor Swift. Michael Bloomberg has also donated $50 million to the same non-profit organization supporting Harris, bringing his total commitment to Democratic causes to nearly $100 million. On the other hand, 52 billionaires have been identified as supporters of Donald Trump, with 26 of them donating at least $1 million towards his election efforts. Elon Musk gave $75 million to his pro-Trump America PAC, and another $43.6 million to a pro-Trump committee from Oct. 1 to Oct. 16, becoming the second-most prolific donor in Trump’s camp this year.

Nelson Peltz, asset manager at Trian Partners, has stepped down from his position without comment. Other Wall Street billionaires, such as Daniel Loeb and Stanley Druckenmiller, have suggested that the stock market is favoring Trump, but have not publicly endorsed him or made significant donations to his campaign. Hedge fund billionaire Leon Cooperman has stated that he will not be voting for either major candidate. Forbes has published articles on both Trump's financial gains from politics and Harris' past campaign supporters.

Comments

All Comments

Recommended for you

  • Yemeni National Resistance: Houthis Are Iran's Tool, Decision-Making in Tehran's Hands

    According to Saudi media Alhadath: The Yemeni National Resistance stated that the Houthis are Iran's tool, with decision-making power held in Iran's hands. The group attempts to serve Iran by creating chaos and escalating tensions, in order to help it alleviate external pressure. The Yemeni National Resistance emphasized that the Houthis are not a tool for peace but a "tool of war," making peace with them utterly impossible. The organization also warned that the Houthis' reckless actions will never be tolerated or indulged. (Jin Shi)
  • US Media: Trump Halts Military Action Against Iran, Says Handling Iran Issue 'Quietly'

    August 10 news, according to Axios, US President Trump said on Sunday local time that he is prepared to increase economic pressure on Iran rather than order new military action, despite Iran continuing to resist the United States. The report said Trump said in a brief phone call: "We are handling this quietly." "We are only in a semi-negotiation state. We are just watching Iran, they face serious inflation and are short of funds." He emphasized that the Iranian economy "is in very bad shape" and has no money to pay military salaries. Trump said the US naval blockade has exacerbated the economic crisis of the Iranian regime. Meanwhile, Trump said that because oil prices have fallen to just above $75 per barrel, American consumers have felt less pain from the war. "It will work out. It always works out. It's like chess," Trump said of the back-and-forth with Iran. (Jin10)
  • Iranian Parliament's National Security Committee Approves Strait of Hormuz Security Outline

    On August 9, according to Iran's Mehr News Agency, the National Security and Foreign Policy Committee of the Iranian Parliament approved the strategic action plan outline for ensuring the security and development of the Strait of Hormuz. (Xinhua)
  • Saudi Arabia Depletes 86% of Patriot Missile Stockpile

    According to British media reports, within the first 38 days after the outbreak of the war, Saudi Arabia launched approximately 2,400 PAC-3 (Patriot-3) interceptor missiles, accounting for about 86% of the country's total stockpile of 2,800 missiles. By April of last year, Saudi Arabia had only about 400 interceptor missiles remaining. Other Gulf Arab states also consumed missile reserves on a similar scale, highlighting the military crisis facing the region. (Jin Shi)
  • Experts: The Strait of Hormuz 'Will Never' Return to Pre-War Status

    Ali Akbar Dareini, a researcher at the Iranian Strategic Studies Center, stated that Iran and Oman are about to reach an agreement on the future management of the Strait of Hormuz, with the main obstacle being U.S. pressure on Oman to adopt a position more aligned with Washington. Dareini emphasized that Iran considers future control of the strait crucial for its national security. In recent months, the U.S. has conducted strikes against Iran, which Iran claims were launched from bases in the region. Dareini noted that the ongoing negotiations between Iran and Oman present the U.S. with a 'good opportunity to extricate itself from this quagmire' by recognizing Iran and Oman as the countries that will determine the 'future' of the Strait of Hormuz. 'However, the Strait of Hormuz will never return to its pre-war status,' he continued. 'The geopolitical landscape of the region has changed.'
  • Iran: Negotiations with Oman Unrelated to Reopening of Strait of Hormuz

    On August 8, a spokesperson for the Islamic Revolutionary Guard Corps of Iran stated that the reopening of the Strait of Hormuz is unrelated to negotiations between Iran and Oman, but rather depends on whether the United States fully accepts Iran's conditions and ceases interference in regional negotiations. "Once the United States accepts Iran's conditions, the Strait will undoubtedly reopen." (CCTV News)
  • Whale Shorting $102 Million in Bitcoin Faces Partial Liquidation, Remaining Liquidation Price Around $65,300

    On August 8, TheDataNerd reported that a whale using 40x leverage to short $102 million in Bitcoin recently faced partial liquidation, incurring a loss of $1.46 million over the past week. Currently, the margin call has reduced the short position to approximately $60 million, with an opening price of $64,212.5 and a liquidation price of $65,310.2.
  • BTC Falls Below $65,000

    Market data shows BTC has fallen below $65,000, currently reported at $64,999.23, with a 24-hour increase of 1.01%. Market volatility is high, please exercise risk control.
  • Hedge Fund AISituational Awareness's Mysterious $400 Million Investment Targets Chip Startup Source Foundry

    On August 8, sources revealed that the hedge fund Situational Awareness, managed by former OpenAI researcher Leopold Aschenbrenner, made a mysterious $400 million investment in the chip manufacturing startup Source Foundry just days after facing imminent collapse. Previously, Bloomberg reported that the hedge fund invested in a private company backed by Sequoia Capital, but did not disclose the name of the specific company. The Wall Street Journal had earlier reported that the recipient of the investment was Source Foundry, unveiling the target of this mysterious funding deployment by Situational Awareness.