America’s billionaires should resist the urge to support Donald Trump
A Trump victory would reward them. But not enough to justify the risks
WHEN DONALD TRUMP faces American voters in November he will do so with a band of billionaire backers. Last month Stephen Schwarzman, the chief executive of Blackstone, the world’s largest private-equity firm, said he would support Mr Trump. Miriam Adelson, a casino magnate who sat out the primaries, is expected soon to do the same. Bill Ackman, a hedge-fund manager who has previously donated to Democrats, is said to be edging towards a Trump endorsement. The former president even enjoys increasingly friendly relations with Elon Musk, with whom he once traded insults.
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This article appeared in the Leaders section of the print edition under the headline “Don’t do it, billionaires”
Leaders June 8th 2024
From the June 8th 2024 edition
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