Here’s how US billionaires and their employees are approaching the 2024 election
From Silicon Valley to Wall Street, some company executives are mega donors while others are staying neutral
As the contest for the White House has unfolded, billionaires from Silicon Valley to Wall Street have backed the two candidates with donations, while some have not publicly endorsed either side. Here’s how some of the biggest names – and their employees – have approached this election.
Elon Musk
He has donated US$119 million to support Trump’s campaign through America PAC, a political action group backing the Republican candidate. Another conservative super PAC, or political action committee, the Sentinel Action Fund, also reported receiving US$2.3 million from Musk.
However, the employees of companies owned by Musk have contributed far more to the Harris campaign than to Trump’s, according to Washington-based non-partisan and non-profit group OpenSecrets.
Stephen Schwarzman
The founder of global private equity firm Blackstone Group has endorsed Trump in this election and said his support was a “vote for change”.
