() Billionaire Elon Musk endorsed Donald Trump after an assassination attempt on the former president at a Saturday rally, marking a turning point for Musk and his political shift toward the Right in recent years.
“I fully endorse President Trump and hope for his rapid recovery,” Musk wrote in a post on his social platform X alongside a video of the former president standing and raising his fist after being shot in the ear.
But he isn’t the only billionaire throwing his support behind the Republican nominee.
Hedge fund billionaire Bill Ackman also took the opportunity to formally endorse Trump, posting on X, “A divided America is a weak America. Let’s help Trump succeed and bring the country together.”
Venture capitalist and host of “The All-in Podcast,” David Sacks, took to X Monday to praise the decision of Trump picking Sen. J.D. Vance as his vice president.
“When the Twin Towers came down, J.D. Vance enlisted in the Marine Corps, gung-ho to exact justice on America’s enemies,” Sacks wrote. “Subsequently he came to believe the Forever Wars were a mistake. This is who I want by Trump’s side: an American patriot, with the courage to fight America’s wars but the wisdom to know when to avoid them. God bless J.D., God bless Trump, and God bless the USA.”
Sacks, along with his wife, Jacqueline Sacks, recently held a fundraiser for Trump at his Pacific Heights mansion. The event was co-hosted by Sri Lankan businessman Chamath Palihapitiya, who co-hosts the podcast with Sacks.
In May, a Trump super PAC, MAGA Inc., received $50 million from businessman Timothy Mellon following the former president’s conviction, according to NBC News. The investment also followed the presumptive GOP nominee’s foray into cryptocurrency, seemingly turning away from his previous aversion to the form of payment.
Shaun Maguire, a partner at Sequoia Capital, gave $300,000 to the Trump campaign after the ruling as well, the New York Times reported.
Blackstone chief executive Stephen Schwarzman also endorsed Trump for president as a “vote for change,” the Financial Times reported.
J.P. Morgan Chase CEO Jamie Dimon, who was urging fellow business leaders to back former GOP candidate Nikki Haley, offered praise for Trump’s first-term policies while at the World Economic Forum in Davos, Switzerland.
“Just take a step back and be honest,” Dimon said. “He was kind of right about NATO. He was kind of right about immigration. He grew the economy quite well. Trade, tax reform worked. He was right about some of China.”
Billionaire investors Ken Griffin of Citadel and Paul Singer of Elliott Management, who have criticized Trump, met with the former president to discuss donating to his White House bid, Bloomberg reported.
Casino billionaire and Republican megadonor Miriam Adelson is the lead financier of a spending group backing Trump. The Preserve America super PAC, which Adelson and her late husband, Sheldon Adelson, donated to in the 2020 election cycle, has been revived, and Adelson will be a “lead donor” this time around too, said Dave Carney, a Republican strategist who will run the group.
Uline shipping and packaging company co-founder Liz Uihlein said she would support Trump after donating to Florida Gov. Ron DeSantis’ primary campaign, Forbes reported.
The Home Depot co-founder Bernie Marcus co-hosted an Atlanta fundraiser for Trump in April, according to Forbes.
Continental Resources founder Harold Hamm, Energy Transfer pipeline company founder Kelcy Warren, CEO of Marvel Entertainment Isaac Perlmutter, Chairman of TD Ameritrade J. Joe Ricketts, hedge fund billionaire John Paulson, former casino mogul Steve Wynn, Los Angeles real estate magnate Geoffrey Palmer, co-founder of World Wrestling Entertainment Linda McMahon, casino magnate Phil Ruffin, Texas oil businessman Timothy Dunn have also donated to Trump’s reelection bid, according to Forbes.