(FixThisNation.com) – Cathie Wood, the CEO of Ark Invest stated that in the November presidential election, she will be voting for former President Donald Trump rather than President Biden. As she argued this decision was entirely based on who she thinks is going to handle the country’s economy better.
During an interview with “Meet Kevin” financial analyst Kevin Paffrath, Wood was asked whether she would back Biden or Trump. In response, she stated that she has discussed the upcoming election with all three of her children, one boy, and two girls. She added that she had told them that she would be voting for the President who would be doing the best for the economy and for that reason she would vote for Trump.
She continued by explaining that the Laffer Associates founder and the Art Laffer chairman has previously called the first three years of the Trump administration the best in U.S. economic history and that the fourth year was not that way only because of the pandemic. She added that this is something she would agree with.
This latest formal endorsement comes at a time when many billionaires have expressed support for the former President and have been spending their money supporting his campaign.
Blackstone co-founder and CEO Billionaire Stephen Schwarzman announced that he would be supporting Trump in the upcoming election, despite previously calling for a new generation of leaders to emerge in the GOP.
Last month, conservative billionaire donor Timothy Mellon also donated $50 million to the leading super PAC that is backing Trump’s 2024 presidential campaign.
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