Did you know that Steinway’s owner is backing Donald Trump?

August 23, 2016 by norman lebrecht


The piano manufacturer is owned by hedge funder John Paulson.

Ethan Iverson points out that Paulson is a longtime supporter of the Republican candidate. He is now serving as one of Trump’s economic advisors. Paulson made his fortune in 2007-8 by betting on a US housing market crash. That earned him $15 billion.

He bought Steinway in 2013.

Read on here.

steinway overturned

UPDATE: Steinway boss disappears

Comments (8)

  1. John Borstlap says:

    Why does nowadays only the unreadable happen?

  2. Petros Linardos says:

    Words cannot adequately express my dismay.

  3. John Kelly says:

    As a Hedge Fund manager I am certain Mr Paulson is the frequent placer of bad bets as well as good. Steinway may or may not be a good bet financially, I think you get my drift that this political bet is going to be on the debit side of the balance sheet………………..

  4. Theodore McGuiver says:

    Quite a few people back Trump, that’s why he’s the Republican candidate.

    1. Charlie Parker says:

      Quite a few people also happen to be unforgivably uneducated.

  5. Jedrury says:

    Are we now outing people for their political views?
    The age of McCarthyism reigns.

    1. Lori Baker says:

      Exactly what I was thinking!

    2. Gerald Martin says:

      When haven’t we?

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