The most powerful names on Wall Street and their positions in the 2024 presidential election

Circle Squared Alternative Investments’ Jeff Sica reports that Wall Street CEOs are turning to Trump and five of the “Magnificent 7” stocks reporting this week.

While markets and bettors may have mixed feelings about who will win the 2024 presidential election, some of the most powerful names on Wall Street have already cast their votes.

Here are the players and their positions when it comes to former President Donald Trump and Vice President Kamala Harris.

Bill Ackman

The billionaire hedge fund manager formally endorsed Trump in July, announcing his decision about X. He said he “took this decision cautiously” and relied on empirical evidence for his endorsement.

After endorsing Trump, Ekman has been active on social media and posted the following on Sunday: “The election is largely about what kind of world we want to live in. Do we want free speech, common sense immigration policy, safe streets, peace in Europe and the Middle East, sensible and appropriately limited regulation, a stronger and faster growing economy…or: do we want the opposite?”

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Marc Andreessen

Venture capitalist and co-author of Mosaic Marc Andreessen has not announced an official endorsement of either candidate. However, in October, he donated $2.5 million to America’s Right super PAC, which supports former President Donald Trump, multiple outlets reported.

The US flags in front of the New York Stock Exchange hang behind the street signs that form the corner of Wall and Broad Streets in the heart of the Financial District. (Getty Images)

Andreessen is known to have close ties to Elon Musk and private equity legend Peter Thiel.

Warren Buffett

The famous billionaire and patriarch of Berkshire Hathaway, Warren Buffett to put an end to any rumours on presidential approval last week. The 94-year-old, who has previously been linked to backing Barack Obama and Hillary Clinton, said in a company statement that he “does not currently endorse and will not in the future 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.

Bridgewater Associates founder Ray Dalio is reportedly more concerned about the state of America after the election than which candidate will win the presidential race. He did not support either Trump or Harris.

Dalio told CNBC “I am concerned about both candidates. Left, right and fighting each other is a problem as it becomes extremes. I believe that it is necessary to unite the Americans, the middle of this, and to carry out major reforms. … I think what is needed is a strong middle-of-the-road leader who makes big reforms … Neither candidate does that for me.”

Jamie Dimon

The JPMorgan Chase namesake has not publicly endorsed either candidate, a bank official told CBS News in early October.

However, a New York Times financial reporter spoke with sources close to Dimon and said he supports Harris “privately.” And just this weekend, Dimon’s wife, Judith Kent, was knocking on doors for the Harris-Walz campaign, as Bloomberg first reported.

JPMorgan Chase CEO Jamie Dimon discusses a variety of political topics, from the 2024 presidential election to southern border security.

Larry Ellison

Oracle co-founder Larry Ellison has been largely silent during the 2024 election cycle. Although he has not publicly endorsed either candidate, Ellison has a history of donating millions to the Republican Party and endorsed Sen. Tim Scott, R-S.C., in the primary.

Melinda French Gates

Philanthropist Melinda French Gates has publicly endorsed the vice president, and in July a number of CBS media appearances to explain why she’s voting for Harris.

Gates said Harris is “the right candidate right now” and that she is “careful,” noting the vice president’s stance on reproductive rights, paid family leave and minority initiatives.

NEW YORK, NEW YORK – SEPTEMBER 19: Melinda French Gates speaks at the Clinton Global Initiative September 2022 New York Hilton Midtown on September 19, 2022 in New York City. (Photo by Noam Galay/Getty Images for Clinton Global Initiative) (Nom Galay/Getty Images for the Clinton Global Initiative/Getty Images)

Ken Griffin

Billionaire hedge fund and Citadel representative Ken Griffin has become a mega-donor to the Republican Party since Nikki Haley entered the 2024 race. But he did not publicly support Trump for the presidency.

However, at the Future Investment Initiative summit in Saudi Arabia last week, Griffin did tell the crowd that he expected Trump to win.

Citadel Worldwide Litigation Chair Brooke Cuccinella discusses the tax leak case against the IRS on The Big Money Show.

Stephen Schwartzman

Chairman, CEO and co-founder of Blackstone told Axios exclusively in May that he supports former President Trump. He called his vote for Trump a “vote for change” and expressed concern about rising anti-Semitism and Biden’s stance on the economy and immigration.

“For these reasons, I plan to vote for change and support Donald Trump for president. Additionally, I will give my full support to the GOP Senate candidates and other Republicans,” he told Axios.

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Billionaire investor Mark Cuban talks about supporting the Harris campaign, reacts to Trump’s public criticism of him, reflects on the Biden-Harris story and looks at the future of the US economy.

David Tapper

Billionaire investor and founder of Appaloosa Management David Tepper has not publicly endorsed the 2024 presidential race, but previously endorsed Hillary Clinton in 2016.

As the owner of the NFL’s Carolina Panthers, he likely won’t want to choose a side between Trump and Harris. But the US Federal Election Commission data on individual contributions shows that Tepper last donated $1.1 million to Nikki Haley’s super PAC in February.

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