Wall Street Titan Stanley Druckenmiller Endorses Tim Scott for President

Tim Scott has at least one Wall Street billionaire behind him.

Investor Stanley Druckenmiller endorsed Scott’s candidacy Wednesday morning, making him the first big Wall Street name to back the South Carolina Senator’s GOP primary run against Donald Trump.

"I love Tim Scott,” Drucknemiller said during an interview at the Bloomberg Summits conference in Manhattan on Tuesday. “I'd like for him to be the next president."

The 69-year-old Druckenmiller went on to say that he was also intrigued by Chris Christie throwing his hat in the race, calling him the one candidate that could face down Trump as Christie “hits people in the mouth.”

Druckenmiller, an unabashed Trump critic who once compared the former president’s economic knowledge to that of a kindergartner's, has supported Christie in the past but appears ready to move on in 2024. He joins fellow billionaire, Oracle's Larry Ellison, as an early supporter of Scott.

During his chat, Druckenmiller, who manages his multi-billion dollar family office Dusquene, mused that he still sees the U.S. economy heading toward a hard landing thanks to sticky inflation, and reiterated his stance that Nvidia is the stock he is using to bet on the AI revolution.

Druckenmiller also took a moment to handicap the Democratic primary, predicting that Robert Kennedy Jr. might pose more of a threat to President Joe Biden than many believe.

“Bobby Kennedy is a little nuts but he's going to scare this guy,” Druckenmiller warned, referring to Biden, who he called “an 80-year-old going on 100.”