Billionaires

Billionaires are not happy with Elizabeth Warren and her wealth tax

Senator Elizabeth Warren
Photo: Joseph Prezioso/AFP/Getty Images

Billionaire hedge fund manager Leon Cooperman again unloaded on Sen. Elizabeth Warren in an interview Wednesday with CNBC, a month after sending her a five-page letter.

Why it matters: His comments came in response to Warren's latest TV ad, which is titled “Elizabeth Warren Stands Up to Billionaires,” and will begin running on the network soon.

Steyer challenges Bloomberg on wealth tax

This image is a split-screen of Tom Steyer and Michael Bloomberg.
Tom Steyer and Michael Bloomberg. Photos: Mark Makela/Getty Images and Ron Adar/SOPA Images/LightRocket via Getty Images

2020 Democratic candidate and billionaire Tom Steyer challenged incoming contender Michael Bloomberg on Friday to support a wealth tax or leave the 2020 race.

The big picture: Bloomberg told Axios he will "spend whatever it takes to defeat Donald Trump." Steyer, also a billionaire, has spent more than any other Democratic candidate to self-fund his campaign — allowing him to meet the increasingly strict qualifications for presidential debates.