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.
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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.
Image created using artificial intelligence with MidJourney.
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