Former President Donald Trump bashed JPMorgan Chase CEO Jamie Dimon in a social media post Thursday morning after the billionaire banker suggested voters from both parties support former South Carolina Gov. Nikki Haley in the 2024 presidential election, worsening an already sour relationship between Dimon and Trump, as Haley continues to receive support.
JPMorgan CEO Jamie Dimon suggested voters support former South Carolina Gov. Nikki Haley.
Trump bashed Dimon as an “overrated Globalist” in a post on Truth Social Thursday morning, blasting Dimon for “pushing another non-MAGA person for President.”
The former president also said he has “never been a big Jamie Dimon fan, but had to live with this guy when he came begging to the White House,” appearing to reference Dimon’s former role on a Trump administration business council, a panel that disbanded in the wake of the 2017 Charlottesville, Virginia, white supremacist riots.
Trump’s comments come one day after Dimon urged voters to “get a choice on the Republican side that might be better than Trump,” while speaking at the New York Times’ DealBook Summit Wednesday morning—though Dimon stopped short of a full endorsement for the former U.S. ambassador to the United Nations.
While Dimon admitted in the DealBook Summit he has worked in the past with Trump, notably during Trump’s time in the Oval Office, the duo has not always seen eye-to-eye. Dimon, who was named CEO of JPMorgan Chase in 2006, had been initially rumored to serve as treasury secretary after Trump’s victory in the 2016 election, though Dimon dismissed those rumors and the job went to investment banker Steven Mnuchin. Trump and Dimon remained cordial in the early months of Trump’s presidency, with Dimon serving on Trump’s business advisory council. Dimon refused to step down from that council in May 2017 over growing criticism of the administration. That council disbanded in August 2017 following Trump’s controversial response to a white supremacist rally in Charlottesville, Virginia, when the former president said there were “very fine people on both sides.” One year later, Dimon raised eyebrows for his comments at a JPMorgan event, arguing he “could beat Trump” in an election and that he is “as tough as [Trump] is” and “smarter than he is,” prompting speculation of a potential presidential bid. Trump then struck back at Dimon, saying in a tweet the JPMorgan CEO lacks the “smarts” to run for president while slamming Dimon as a “poor public speaker.” Tensions between the two rose again earlier this year, when Dimon told Bloomberg the national debt ceiling is “one more thing [Trump] doesn’t know very much about,” following Trump’s comments at a CNN town hall event, when the former president said a default would be better than the government “spending money like drunken sailors.”
Rumors have swirled about whether Dimon could enter politics, and billionaire investor Bill Ackman urged him earlier this year to run for president as a Democrat, though JPMorgan later dismissed speculation, saying the longtime CEO has “no plans to run for office.”
Haley sits in third place among GOP presidential candidates in early primary polls, with 9.5% of likely Republican voters supporting her, according to FiveThirtyEight’s weighted polling average—more than 50 points behind Trump’s 60% and just below Florida Gov. Ron DeSantis’ 12.6%. Haley has also attracted attention from a group of big-money anti-Trump Republicans. On Tuesday, she received the endorsement of the Americans for Prosperity Action, a conservative super PAC backed by billionaire Charles Koch. In its endorsement, the PAC praised Haley as a “new generation of conservative leaders who will solve the tough problems and lead our country forward,” and argued Haley has the best chance of beating both Trump and President Joe Biden, despite tepid polling numbers. Billionaire Bruce Kovner and real estate magnate Harlan Crow have also made campaign contributions during the third quarter, while billionaire Home Depot co-founder Ken Langone told CNBC this week he plans to meet with Haley, calling her “the only person who can give Trump a run for his money.”
Trump also slammed the Americans for Prosperity Action’s endorsement of Haley, calling the move “bad for our Country” in a post on Truth Social, while mockingly referring to the PAC as the “Americans for China Prosperity.” Trump also called the decision to endorse Haley a “minor hit” to DeSantis, with Trump admitting he was “never in the running” for the endorsement
We estimate Dimon’s real time net worth at $1.8 billion, making the longtime JPMorgan Chase CEO the world’s 1,632nd richest person.
JPMorgan CEO Jamie Dimon Wants ‘Liberal Democrats’ To Help Nikki Haley In 2024 Election (Forbes)
Trump Bashes Charles Koch-Backed PAC For Endorsing Nikki Haley: ‘Bad For Our Country’ (Forbes)
Charles Koch-Backed Super PAC Endorses Nikki Haley For President (Forbes)