- Americans will choose the next president of the United States on November 5.
- Who wins could have major implications on the economy and the business of Wall Street.
- See who finance-industry leaders are putting their money behind and why.
The US presidential election is always important, but this year the stakes may be especially high.
That’s because the major candidates — former President Donald Trump and Vice President Kamala Harris — are on opposite ends of the spectrum on many fundamental issues. The outcome, therefore, could have far-reaching consequences on people’s lives and the economy, Richard Haass, a former president of the Council on Foreign Relations, said.
“This is one of those rare elections where the differences probably outweigh the similarities, and that’s why it’s such a consequential election here at home for American democracy and also in the world for American foreign policy,” Haass, a senior counselor to the investment bank Centerview Partners, said in a recent conversation with Goldman Sachs titled “2024: The year of elections.”
Who wins could also have major implications on the business of Wall Street, from mergers and acquisitions to trading and tax policy. It should come as no surprise, therefore, that finance-industry billionaires, from hedge funds to investment banks, are seeking to sway the results by contributing money to the campaigns of their choice.
To see where Wall Street’s top leaders stand ahead of the November 5 elections, Business Insider scoured the Federal Election Commission website for individual donations from financial industry leaders between 2023 and August. The data showed sizable donations across investment banking, private equity, and hedge funds, including Blackstone, Evercore, and DE Shaw.
BI, however, found zero donations to either candidate from the heads of large, publicly traded investment banks, including Goldman Sachs, JPMorgan Chase, Citi, Bank of America, and Morgan Stanley.
BI’s FEC data search may not include some more recent donations because the agency can require several weeks to upload new data. Also, donations made to Harris’ campaign before July represent donations to President Joe Biden’s reelection campaign that were rolled over to Harris after Biden dropped out of the race. We will update this list when new data becomes available.
See below to find which Wall Street tycoons are voting for which candidate in 2024 presidential election, in alphabetical order:
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