Bussiness
Trump Will Meet With Powerful Business Lobbying Group With These Billionaire Members
Topline
Former President Donald Trump will attend the powerful Business Roundtable’s quarterly meeting later this month—giving him a platform before the group’s billionaire CEO members just weeks after his felony conviction in Manhattan last week.
Key Facts
Trump will participate in a moderated discussion on June 13 at the group’s meeting in Washington, where he will discuss “how he will restore prosperity to the American economy,” his campaign said in a statement.
The group counts billionaire CEOs Stephen Schwarzman of Blackstone (worth $37.9 billion according to Forbes’ estimates), Advanced Micro Devices’ Lisa Su ($1.1 billion), Comcast’s Brian Roberts ($1.9 billion), JP Morgan’s Jamie Dimon ($2.2 billion) and Apple’s Tim Cook ($2.1 billion) as members, though it’s unclear who will attend the meeting.
The world’s 15th richest person—Dell founder Michael Dell, worth $101 billion—is also a member according to the group’s website, as is Fox CEO Lachlan Murdoch, whose father Rupert Murdoch and family are valued at $19.8 billion.
President Joe Biden, who addressed the group’s quarterly meeting in 2022, was also invited, but will be overseas for the G7 meeting, CNBC reported, citing an anonymous source who said White House Chief of Staff Jeff Zients will address the group in Biden’s place.
The meeting comes as Trump has aggressively courted business executives in recent months, including at an April meeting with oil industry stakeholders where he promised rollbacks of environmental regulations while suggesting they should donate $1 billion to support his candidacy, multiple outlets reported, and a May meeting with donors in New York where he floated tax breaks while making an appeal for their support, the Washington Post reported.
Key Background
Trump has been racking up support among wealthy donors in recent months as he has ramped up his fundraising to close the money gap with Biden’s campaign. In the wake of his felony convictions in Manhattan last week, several Trump-aligned business executives publicly expressed support for the former president. Tesla CEO Elon Musk and hedge fund manager Bill Ackman criticized the verdict on X. Schwarzman, who recently announced he will back Trump, attended a fundraiser for him in Manhattan hours after he was convicted, while metals magnate Andy Sabin, who has said he’ll vote for Trump but has not donated to him, told Reuters he hasn’t “met one donor yet that gives a s–-t about the trial.”
Tangent
The Business Roundtable publicly criticized Trump on several occasions throughout his presidency. It opposed the tariffs he implemented on Chinese products in 2018, and called on him to “put an end to the chaos and facilitate the peaceful transition of power” in the wake of the Jan. 6 Capitol riots.
Further Reading
Trump-Aligned Billionaires—Including Elon Musk And Bill Ackman—Defend Him After Guilty Verdict (Forbes)
These Are The Big-Money Donors Backing Trump—As He Trails Biden’s Fundraising (Forbes)