Elon Musk, Bill Ackman and other tycoons have publicly endorsed Donald Trump for the White House race in the wake of the attempted assassination at a Pennsylvania rally.
Musk, the CEO of Tesla and the owner of X/Twitter posted his support on social media alongside a video showing Trump pumping his hand after being hit by a bullet.
Musk wrote: “I fully support President Trump and wish him a rapid recovery.” Musk later wrote: “The last time America had a tough candidate like Theodore Roosevelt.”
Ackman, a billionaire hedge-fund manager, took to X shortly after the shooting to “formally endorse” Trump. He said he had “come to this conclusion some time ago”.
Ackman, founder of Pershing square Capital Management, stated: “I assure that I made this decision carefully and rationally by using as many empirical data as possible.”
Pershing Square Capital Management manages the closed-ended Pershing Square Holdings fund, which is a component of the FTSE 100.
Ackman referred to the shooting again in a later post. He said: “We’re in a dangerous moment for our democracy.”
These endorsements are the latest sign of Wall Street’s support for Trump’s campaign. Ackman and other donors abandoned Trump after the riots at the US Capitol on January 6, 2021.
Stephen Schwarzman, the Blackstone boss backed Trump as a “vote of change” in May.
Musk used to be a political independent, but now his views have changed. He said in 2022 that Trump was “too young” to be President, but he also accused Democrats of “giving a very cold shoulder” towards Tesla and SpaceX. In recent years, he has used X as a platform to promote more right-leaning viewpoints.
Bloomberg reported that the tech tycoon donated money to a political committee called America PAC. This group is attempting to elect Trump.
Biden is 81 years old and has been threatened by top donors with a $90 million hold if he does not replace him as the Democratic candidate in the November elections.
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