Billionaire Hedge Funder Leon Cooperman Says Trump Belongs In Jail: 'Would Be Terrible For The Country' If He's Reelected

Zinger Key Points
  • A hedge funder is speaking out about the 2024 presidential election leading candidates.
  • Leon Cooperman is often a donor to Republican candidates, but has sharp criticism of Trump.

A famous hedge funder is speaking out with a warning to voters ahead of the 2024 election.

Here's a look at what the billionaire is saying.

What Happened: Billionaire Leon Cooperman is known for his takes on the stock market and as the chairman and CEO of hedge fund Omega Advisors.

In a recent interview, Cooperman shared his thoughts on former president Donald Trump, the frontrunner for the GOP nomination in the 2024 election.

"It would be terrible for the country if Donald Trump were reelected," Cooperman told CNN. "He's a divisive human being who belongs in jail."

The comments from Cooperman come as most Wall Street figures aren't open about their criticism of Trump. Cooperman has also donated to mostly Republican candidates in recent years, including Chris Christie.

While he criticized Trump, Cooperman also isn't supportive of the leading Democratic candidate, President Joe Biden. Cooperman said a rematch of Biden vs. Trump would give voters two "bad choices."

While Biden and Trump are leading their respective parties, Cooperman said he doesn't expect either to be the candidate for their party in the 2024 election.  

Related Link: Billionaire Calls Student Protests ‘Antisemitic Burning Man,’ Vows To Halt Donations To University Over Pro-Palestine Protests

Why It's Important: Cooperman previously shared that he voted for Biden in the 2020 election, saying he "very reluctantly" voted for the Democrat.

If the 2024 election is Trump versus Biden, Cooperman indicated that he doesn't plan on voting.

"I'm looking for centrists, not radical left or right," he said.

Trump campaign spokesperson Steven Cheung brushed off Cooperman’s comments, adding that Trump will be the nominee in the 2024 election.

"(Trump) will beat Biden because he's the only person who can supercharge the economy, secure our border, safeguard communities and put an end to unnecessary wars," Cheung told CNN.

The comments from Cooperman come as Trump is even with Biden in national polls and has a near 50-point lead over the other Republican presidential candidates.

Cooperman also expressed concern about the Middle East conflict during the CNN interview. He said there could be a financial impact from the conflict realized by Wall Street, making stocks overvalued at the present time.

"The question is whether the market deserves to be selling at 18, 19 or 20 times earnings. The answer is no. We have a hostile government towards capital. We're fighting two wars. And we have stupid monetary and fiscal policies that have brought demand forward," Cooperman noted.

Read Next: Trump Gets Fined $10,000, Takes Stand, Storms Out Of Courtroom: ‘He Will Ultimately Be Held Accountable,’ Says Michael Cohen

Image created using artificial intelligence with MidJourney.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Politics2024 election2024 Presidential ElectionChris ChristieDonald Trumphedge fundJoe BidenLeon CoopermanOmega Advisors
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!