He is already popular on Wall Street and among small business owners. Now, support for former President Donald Trump is also spreading among the USA's financial elite.
Last week, Trump signalled that there could be further corporate tax cuts if he wins the election in the autumn.
Campaign funds have been pouring in to Donald Trump's coffers over the past few weeks, according to American media. This is despite – or thanks to – the legal setbacks where Trump was found guilty of lying about his financial situation and then falsifying documents to conceal information about a sexual relationship with a porn star.
Musk and Ackman
Elon Musk is said to be willing to work as an adviser in the White House if Trump wins – although the controversial founder and CEO of Tesla has denied that they have discussed this. Hedge fund billionaire Bill Ackman – a prominent donor – has signalled that he is ready to support Trump. He is joined by other well-known billionaires, such as John Paulson, Robert Mercer, and Harold Hamm.
Stephen Schwarzman, CEO of private equity giant Blackstone, has also expressed support for Trump, despite previously strongly condemning Trump's actions before and during the attack on Congress in Washington on 6 January 2021.
The list can be made significantly longer.
There are those in the economic elite in the USA who are seeking contact with Trump because they think similarly. Then there are certainly many who feel they must have good contact with Trump, as there is a high probability that he will become the next president, says Elisabet Kopelman, the USA expert at bank SEB.
But it is no longer as clear-cut as before that the Republican Party is the party of big business.
They have shifted focus, says Kopelman.
"Cultural War in the USA"
Lower taxes and deregulation are on the horizon with a Trump victory. And many wealthy Americans want to stop the sitting President Joe Biden's agenda – with climate change and tax hikes on corporate profits, foreign profits, dividends, capital gains, and wealth.
As recently as Thursday, Trump signalled a further reduction in corporate tax if he wins the election.
And among voters, Trump ranks higher than Biden when it comes to ability to handle the economy. Many blame the prolonged inflation problems in the USA on Biden.
But for large companies, it is not clear which president would be best. Traditionally, large corporations send money to both sides.
Then there is the cultural war in the USA, which is difficult for many companies to handle.
Among other things, she points to the infected conflict between Florida's Republican Governor Ron DeSantis and entertainment giant Disney.
A leading Republican has declared war on the state's most important employer. This is something new. It is not the same party as it once was.
The American president who can boast the largest stock market surge in modern times is Democrat Bill Clinton. Neither Donald Trump nor Joe Biden comes close to the doubling of the S&P 500 index that occurred during his second term.
Ronald Reagan I (1981-1984): +23.1 %
Ronald Reagan II (1985-1988): +66.1 %
George H W Bush (1989-1992): +56.9 %
Bill Clinton I (1993-1996): +70.0 %
Bill Clinton II (1997-2000): +98.4 %
George W Bush I (2001-2004): -24.3 %
George W Bush II (2005-2008): -18.8 %
Barack Obama I (2009-2012): +57.9 %
Barack Obama II (2013-2016): +57.0 %
Donald Trump (2017-2020): +67.8 %
Joe Biden (2021-2024*): +43.1 %
The course for 2024 is in the table as of the closing on 11 June. Other presidential terms are measured from the year-end for the specified year. Formally, the USA's president takes office on 20 January the year after the presidential election.
