The most influential words on Wall Street and where they stand in the 2024 presidential election
Circle Squared Alternative Investments’ Jeff Sica discusses Wall Street CEOs turning to Trump and five ‘Magnificent 7’ stocks reporting this week.
While markets and bettors may feel mixed on who will win the 2024 presidential election, some influential names on Wall Street have already cast their votes.
Here are the players and where they stand when it comes to former President Donald Trump and Vice President Kamala Harris.
Bill Ackman
The billionaire hedge fund manager officially endorsed Trump in July, announcing his decision on X. He said he “made this decision very carefully” and relied on private data for confirmation.
Since endorsing Trump, Ackman has been outspoken on social media, posting on Sunday: “The election is about what kind of country we want to live in. Do we want free speech, common policies on immigration, safe streets, peace in Europe and the Middle East, common sense principles and appropriately balanced, strong and fast-growing economies… or: Do we want the opposite?”
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Marc Andreessen
Venture capitalist and Mosaic author Marc Andreessen has not announced an official endorsement of either candidate. However, he donated $2.5 million to the “Right for America” super PAC in October, which supports former President Donald Trump, multiple outlets reported.
The US flags in front of the New York Stock Exchange hang behind street signs that make up the corner of Wall and Broad Streets in the heart of the financial district. (Getty Images)
Andreessen is known for having a close relationship with Elon Musk and private equity legend Peter Thiel.
Warren Buffett
Noted billionaire and Berkshire Hathaway CEO Warren Buffett shut down any rumors about the president’s endorsement last week. The 94-year-old, previously linked to supporting Barack Obama and Hillary Clinton, shared in a company statement that it “currently and will not endorse investment products or endorse and support political candidates.”
Ray Dalio
Bridgewater Associates founder Ray Dalio analyzes the US debt situation in ‘Cavuto: Coast to Coast.’
The founder of Bridgewater Associates, Ray Dalio, is reported to be more concerned about the state of America after the election, compared to who will win the presidential race. He did not endorse Trump or Harris.
Dalio told CNBC “both candidates worry me. This left, right and fighting is a problem as it becomes more extreme. I think there has to be a unification of the American people, between that, and doing good. reforms … There needs to be a strong moderate leader, I believe, who makes changes big … No one can do that for me.
Jamie Dimon
JPMorgan Chase has never publicly endorsed any candidate, a bank spokeswoman told CBS News in early October.
However, a New York Times financial reporter spoke to sources close to Dimon, who said he supports Harris “in secret.” And this weekend, Dimon’s wife Judith Kent has been knocking on doors for the Harris-Walz campaign, Bloomberg first reported.
JPMorgan Chase CEO Jamie Dimon weighs in on a variety of political topics, from the 2024 presidential election to southern border security.
Larry Ellison
Oracle founder Larry Ellison has remained largely silent this 2024 election cycle. Although he has not publicly endorsed any candidate, Ellison has a history of donating millions to the Republican Party and supporting Sen. Tim Scott, RS.C., in the primaries.
Melinda French Gates
Philanthropist Melinda French Gates has publicly supported the vice president, and in July she made the rounds on CBS news to explain why she voted for Harris.
Gates said Harris is “the right person, right now,” and that he’s “caring,” noting the vice president’s stance on reproductive rights, paid family leave and several programs.
NEW YORK, NEW YORK – SEPTEMBER 19: Melinda French Gates speaks at the Clinton Global Initiative September 2022 at the New York Hilton Midtown on September 19, 2022 in New York City. (Photo by Noam Galai/Getty Images for the Clinton Global Initiative) (Noam Galai/Getty Images for the Clinton Global Initiative / Getty Images)
Ken Griffin
Hedge fund billionaire and Citadel’s Ken Griffin has been a GOP megadonor since Nikki Haley entered the 2024 race. But, he has not publicly endorsed Trump as president.
However, at the Future Investment Initiative conference in Saudi Arabia last week, Griffin told the crowd that he expected Trump to win.
Citadel’s head of global litigation Brooke Cucinella discusses the lawsuit against the IRS over leaked tax records on ‘The Big Money Show.’
Stephen Schwarzman
The chairman, CEO and founder of Blackstone exclusively told Axios in May that he endorses former President Trump. He called his vote for Trump “a vote for change,” and expressed concern about rising antisemitism and Biden’s handling of the economy and immigration.
“For these reasons, I plan to vote for change and support Donald Trump for President. In addition, I will be supporting Republican Senate candidates and other Republicans up and down the ticket,” he told Axios.
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Billionaire investor Mark Cuban speaks out in support of the Harris campaign, reacts to Trump’s public criticism of him, reflects on the Biden-Harris record and looks ahead to the future of the American economy.
David Tepper
Billionaire investor and founder of Appaloosa Management David Tepper has not made a public commitment to the 2024 presidential race, but previously supported Hillary Clinton in 2016.
As the owner of the NFL’s Carolina Panthers, he may not want to choose a side between Trump or Harris. But US Federal Election Commission individual donation data shows that Tepper last donated $1.1 million to the Nikki Haley super PAC in February.
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