Elon Musk leads pack of billionaires backing Trump ahead of Election Day

As the November election approaches, a prominent lineup of billionaires is rallying behind Donald Trump. 

While endorsements from media outlets lean toward Kamala Harris, Trump has influential billionaires in his corner, led by Tesla’s Elon Musk, who endorsed the former president earlier this year and has been a frequent face at Trump-Vance rallies. 

Endorsements from top figures may not directly impact the polls, but they hold substantial sway in shaping voters’ perspectives.

With the general decline in newspaper endorsements this election season, influential backers like Musk are becoming crucial for candidates. 

Other prominent supporters of Trump include financial leaders such as Stephen Schwarzman, Thomas Peterffy, and Bill Ackman, along with Miriam Adelson, Diane Hendricks, and Jeff Hildebrand, among others. 

While billionaire Warren Buffett recently clarified his stance, distancing himself from political endorsements, Washington Post owner Jeff Bezos has been more vocal about the potential drawbacks of endorsements. 

Addressing the Washington Post’s decision not to endorse either candidate, Bezos remarked, “Presidential endorsements do nothing to tip the scales of an election…What presidential endorsements actually do is create a perception of bias. A perception of non-independence. Ending them is a principled decision, and it’s the right one.” 

Meanwhile, the endorsement of high-profile billionaires like Musk could influence voters in the final stretch, particularly as these financial and tech industry leaders align themselves with Trump’s platform.