Billionaire hedge fund manager John Paulson is no stranger to American politics. He rocketed to fame and literal fortune by correctly betting against the subprime lending market that led to the financial crisis of 2007 and 2008.
And when President Trump threw his hat into the political ring for the first time in the 2016 elections, John Paulson was a big supporter. As in… a BIG supporter. This time around, Paulson has contributed a whopping $806,300 to the Trump 47 Committee, according to Forbes.
Why? It’s very simple. He has a lot of money he doesn’t want to lose, and he would prefer to keep making more. And the idea that Kamala Harris might win the election and unleash her economic agenda on U.S. markets… really, really scares him.
John Paulson: I’d go into cash and gold if Kamala Harris is elected @FoxBusiness https://t.co/g2u6J9WCb8
— Liz Claman (@LizClaman) September 17, 2024
Paulson appeared on Fox Business’ “The Claman Countdown” on Monday, and on CNBC’s “Money Movers” a few days before that. And he didn’t beat around the bush either time about what he thinks will happen if Kamala Harris wins the election in November. Here he is on CNBC