Billionaire hedge-fund manager Leon Cooperman revealed that he voted for Joe Biden for president even though he expected President Trump to make him richer.
Cooperman, 77, who’s worth $2.5 billion, according to Forbes, has called himself a registered independent but he’s a longtime donor to Republican candidates and political committees. He also famously sparred with Democratic Sen. Elizabeth Warren over her proposal for a wealth tax last year.
“I voted my values and not my pocketbook,” the Omega Advisors founder told CNBC late Tuesday. “I’ll be richer tomorrow if Trump wins. I’ll probably be poorer tomorrow if Biden wins. But I voted my values.”
Cooperman took issue with Trump’s “interventionist” approach to economic policy. He specifically criticized the pressure Trump put on Federal Reserve chairman Jerome Powell to set negative interest rates, which the central bank has not done.
“He’s not a capitalist. I call him an interventionist,” Cooperman said. “We came into 2020 with a trillion-dollar budget deficit and a fully employed economy, yet he was trying to gun the economy.”
Cooperman told CNBC in August that he was undecided about whom to vote for this year. He has not given money to any federal candidates in the 2020 election cycle, but he donated $15,400 to Republicans in 2018 after contributing $1,000 to Hillary Clinton’s 2016 campaign, Federal Election Commission records show.
A Global Asset Management Seoul Korea Magazine