JPMorgan CEO Jamie Dimon is not mulling a role in either a Harris or Trump administration, a source close to Dimon told Forbes, disputing a report Tuesday that Dimon was open to working under Kamala Harris, who he reportedly supports privately.
Jamie Dimon speaks on stage during "The State of the Global Economy" panel for The Atlantic Festival ... [+]
Dimon backs Harris behind closed doors, but has kept his position private out of fear of retaliation from a potential Trump administration, The New York Times reported Tuesday, citing three anonymous sources familiar with Dimon’s political views.
The Times also reported the sources said Dimon has floated the possibility of serving as Treasury secretary in a Harris administration, but a source close to Dimon told Forbes he is not considering a role under Trump or Harris.
Dimon has told associates former President Donald Trump’s attempts to overturn the results of the 2020 election make him unfit to serve as president again, The Times reported.
Dimon’s political commentary is closely watched—he has never publicly endorsed a candidate, but told Bloomberg TV earlier this month he was considering doing so.
Dimon made the comments to Bloomberg after Trump posted to his Truth Social account that Dimon had endorsed him—a declaration a JP Morgan spokesperson promptly denied (Trump told NBC he didn’t personally make the post).
Dimon “has never publicly endorsed a presidential candidate, but he speaks out forcefully and often on policies to help strengthen our country and lift up communities,” JPMorgan spokesman Joseph Evangelisti told The Times, without addressing who Dimon would vote for.
The billionaire CEO appears to have smoothed over his relationship with Trump after Dimon denounced Trump’s attempts to overturn the 2020 election. Trump referred to Dimon as a “highly overrated Globalist” on Truth Social in November after Dimon urged Democratic donors to support Nikki Haley as an alternative to Trump. Dimon raised eyebrows when he told CNBC in January that Trump was “kind of right” about some issues. Trump later told Bloomberg in June he had “a lot of respect” for Dimon and would consider him for Treasury secretary (Trump posted to Truth Social a month later he “never discussed” Dimon for Treasury secretary). Dimon also feuded with Harris during her time as California attorney general, when her office was negotiating with big banks accused of foreclosure abuses, The Times reported, citing excerpts from her autobiography detailing how Dimon once accused her of “trying to steal from my shareholders.”
We estimate Dimon is worth $2.4 billion.
Dimon’s wife, Judy, is a major Democratic donor and gave $120,500 to the Democratic National Committee in July, according to Federal Election Commission records. Evangelisti told Forbes the donations were made independently by his wife and that Dimon has not donated to either candidate.
Of at least 100 billionaires who have weighed in on the 2024 presidential race, the majority (79) are backing Harris, according to a Forbes analysis. Dimon is among many others, including Warren Buffet, Mark Zuckerberg and Jeff Bezos, who have not endorsed a candidate. Dimon has been outspoken about the stakes of the November election, writing in a Washington Post op-ed that America “may be at an inflection point that will determine the fate of the free and democratic world for decades” and needs to “elect a president who is dedicated to the ideals that define and unite us.”
JPMorgan’s Billionaire CEO Didn’t Endorse Trump—Despite Trump Saying He Did (Forbes)
JPMorgan CEO Jamie Dimon Wants ‘Liberal Democrats’ To Help Nikki Haley In 2024 Election (Forbes)