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

August 23, 2016 by norman lebrecht

8 comments.


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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