Wall Street Backs Donald Trump Rivals
  • 9 months ago
Wall Street executives are backing rivals of Former President Donald Trump in the 2024 Republican primary, as indicated by their maximum donations to contenders such as DeSantis, Ramaswamy, Haley, Pence, and Scott who are polling below Donald Trump. This trend follows the pattern in the 2020 election, where Wall Street leaders contributed over $74 million to support Joe Biden, while Trump received just over $18 million—Florida Governor Ron DeSantis contributions from hedge fund manager Paul Tudor Jones and venture capitalist Joe Lonsdale. Entrepreneur Vivek Ramaswamy received contributions from Bill Ackman, CEO of hedge fund Pershing Square Capital, and Ed Hyman, chairman of Evercore ISI. Former South Carolina Governor Nikki Haley received support from Cliff Asness, co-founder of AQR Capital Management, and venture capitalist Tim Draper.
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