Now is the time for Donald Trump’s financiers to gather

Elon Musk was one of the most talked about characters in the last election campaign in the United States, for the post very active which he had in promoting the candidacy of Donald Trump. Musk used his companies, especially But, he is not the only billionaire who regularly supported Trump: the list of the president’s main financiers includes dozens of the richest men in the United States United.

Many did so not only for purely political reasons, but also for issues directly related to their business. And, as article of New York Timesnow they are ready to move on to the collection. That is, they expect that some measures, which are present in Trump’s programs and speeches, will be approved, which could make them return “the invested money”.

Musk may not even be the most generous donor to this campaign: Timothy Mellon, the 82-year-old heir to a historically high US financial family, has donated more than 150 million dollars. Mellon is a historic supporter of Republican candidates, and other billionaires and businessmen have recently moved closer to Trump, and driven by specific reasons.

Among them are oil and gas entrepreneurs such as Chris Wright, name Secretary of Energy in the next administration Saturday, or Harold Hamm, founder of Continental Resources, a company that is heavily involved in the oil sector. In addition to encouraging fossil fuel drilling, the next administration could also help the sector by eliminating subsidies for electric vehicles, thereby slowing the shift away from petrol or diesel vehicles. .

But expectations and opportunities have also pushed representatives of the private military and prison industries, or businessmen active in the mortgage, cryptocurrency or artificial intelligence sectors, to support the Trump campaign.

Marc Andreessen, 53, was one of the so-called “internet pioneers”, the head of several large tech companies in California who heavily supported the Democrats in several presidential campaigns. Today his fund invests in companies and startups in the field of artificial intelligence, cryptocurrencies and even technology that will be used for war purposes. He has become a confirmed and active financier of Donald Trump, since he initially plans to limit or ban part of the government’s controls on the activities of large technology companies, which had built startups make it more complicated: « The rulers were allowed to use brute force to investigate, prosecute and intimidate new companies.

Trump could also eliminate the order for AI companies to provide reports on the risks that these technologies could be used by individual countries or terrorists to build weapons of mass destruction. It is a measure that implies costs and limitations for this type of company.

Andreessen is also among those who could gain significant benefits from favorable or at least mild regulation regarding the digital currency sector. Twins Cameron and Tyler Winklevoss, famous for their dispute with Mark Zuckenberg about the creation of Facebook, have become big investors in the business and financiers of Trump.

The next president announced during the election campaign that he wanted Gary Gensler, the chairman of the SEC (Securities and Exchange Commission, the governing body for financial and stock market affairs), who had a sensible approach and limited towards cryptocurrencies: the value of bitcoin reached all-time highs after Trump’s election. Howard Lutnick, a possible candidate for the position of secretary of the Treasury (and especially supported by Musk for that post).

I gemelli Tyler and Cameron Winklevoss, in 2015 (AP Photo/Richard Drew, File)

Il New York Times also included Joe Lonsdale, who owns a defense-related technology company, in the list of “interested” financiers: the department often complained that the previous administration tied to historical suppliers and less inclined towards new innovations and tools. Things could change with Trump.

Brian Evans, CEO of Geo Group, expects to increase the turnover of his company, the largest in the private prison sector. If implemented, the campaign’s promise of mass roundups and deportations of people living in the United States illegally will lead to increased demand for prison space. The group’s shares have already returned to their high levels, reached for the first time just after Trump’s first election.

All these entrepreneurs financed the Republican campaign with millions of dollars: so did John Paulson, head of an investment fund whose interest is above all in the privatization of Fannie Mae and Freddie Mac, the company that ‘ provide a large part of the mortgages in the United States and the state took control of them after the economic crisis in 2008.

In addition to these specific policies and decisions, Trump’s favorable attitude towards the wealthiest part of the population, has already been shown in his first term with tax cuts for those with more wealth. Many of the billionaires who provided the bulk of his campaign donations will be expecting a similar approach in January.