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By Kritika Gogte
Freelance News Reporter
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A number of influential billionaires who previously publicly expressed their disdain for Donald Trump have now apparently changed their minds. Growing frustration over Joe Biden's economic and immigration policies, or indignation over his handling of the Israel-Gaza War, has lengthened the list of billionaires now signaling they support the former president.
Bill Ackman
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Pershing Square Capital Management CEO Bill Ackman has signaled that he now supports Donald Trump, according to several reports. Ackman has been a vocal critic of Biden's Israel stance, which is thought to be the main reason behind him apparently leaning towards Trump in this election. In January, he called on Biden to step down from office because of his age. A source familiar with Ackman's thinking has stated that the billionaire's dislike for Biden far outweighs his ambivalence for Trump, the Financial Times reported. If he does now come out in support of Trump, it would mark a significant shift. In 2021, following the January 6 Capitol riots, Ackman called on Trump to "resign and apologize to all Americans".
Elon Musk
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Stating that he intends to vote Republican as the Democrats are a "party of division and hate," Elon Musk is now having discussions involving cryptocurrency and other digital assets with Trump, according to several reports. There are even suggestions he could be given an advisory role in Trump's administration, should he win. Musk called Trump's criminal conviction in his hush-money trial "a trivial matter." "Indeed, great damage was done today to the public's faith in American legal system," wrote Musk in a tweet, agreeing with Gov. Ron DeSantis who said that the legal process had been "weaponized to prevent Trump from clinching a second term." His support is a big departure from two years ago, when the two men publicly traded insults.
Stephen Schwarzman
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While Stephen Schwarzman had previously criticized Trump's "bigotry, hatred and extremism" following his comments on a Charlottesville white nationalist rally and quit his position of advisor at the time, the billionaire co-founder and CEO of Blackstone has now announced his "vote for change" in Trump's favor. "The dramatic rise of antisemitism has led me to focus on the consequences of upcoming elections with greater urgency," said Schwartzman in a statement.
David Sacks
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In 2021, David Sacks said that Donald Trump's behavior in relation to the January 6 Capitol riots disqualified him from running for the presidency again. However, following Trump's statements in support of cryptocurrencies earlier this month, the tech investor seems to have changed his stance on Trump. "It might have been pandering," said Sacks, "But at least he's saying the right thing and Biden is not saying the right thing." Trump is set to have a fundraising dinner led by Sacks and another tech investors in San Francisco on June 6. "There is now only one issue in this election: whether the American people will stand for the USA becoming a Banana Republic," Sacks wrote in a tweet.
Newsweek contacted representatives for Bill Ackman, Elon Musk, Steve Schwarzman and David Sacks for comment, but received no responses.
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