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.”
For Wall Street bankers, traders, and executives, the election also stands to affect their jobs and business prospects, from US trade relations to demand for megamergers. Trump is expected to be good for cryptocurrency, for example, but bad for trade with China — and the list goes on.
Wall Street billionaires, therefore, are placing their bets, literally, by contributing money to the candidates of their choice.
To see where Wall Street’s top leaders stand ahead of Tuesday’s debate, Business Insider scoured the Federal Election Commission website for individual donations from Wall Street leaders between 2023 and August. The data showed donations from leaders across investment banking, private equity, and hedge funds, including Blackstone and Evercore. BI, however, found zero donations to either candidate from the heads of large, publicly traded investment banks, including Goldman Sachs, JPMorgan, Citi, Bank of America, and Morgan Stanley.
BI’s FEC data search may not include some more recent donations because the agency uploads new data monthly. 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: