Billionaire Leon Cooperman is very, very hurt by Elizabeth Warren's new billionaire-blasting ad
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
You are now subscribed
Your newsletter sign-up was successful
Sen. Elizabeth Warren's (D-Mass.) latest shot at billionaires has one one-percenter ready to blow.
Warren, a 2020 frontrunner, has compiled some billionaires' angry reactions to her proposed "wealth tax" into a new ad set to premiere on CNBC this week. One of those unhappy rich guys is Leon Cooperman, and after seeing Warren's ad, tossed a few f-bombs her way in protest.
Warren's proposed wealth tax would have the nation's wealthiest people handing more money to the federal government after her election. According to her website's calculator, that would be $151 million for Cooperman next year, out of his $3.2 billion net worth. "You'll still be extraordinarily rich," Warren's website truthfully tells Cooperman, but he has still said Warren's "vilification of billionaires makes no sense to me. It's bull."
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
A clip of Cooperman saying that appears in Warren's ad, followed by a reminder that he was "charged with insider trading." And after Cooperman saw that, he decided to call Warren "disgraceful" in an interview with CNBC. "She doesn't know who the f--- she's tweeting. I gave away more in the year than she has in her whole f----ing lifetime," Cooperman continued. Cooperman also said he "won" his case involving insider trading, though he actually just settled it with the Securities and Exchange Commission.
Upon seeing Cooperman's response, Warren's chief strategist Joe Rospars had just one question. Kathryn Krawczyk
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Kathryn is a graduate of Syracuse University, with degrees in magazine journalism and information technology, along with hours to earn another degree after working at SU's independent paper The Daily Orange. She's currently recovering from a horse addiction while living in New York City, and likes to share her extremely dry sense of humor on Twitter.
-
Mexico’s vape ban has led to a cartel-controlled black marketUnder the Radar Cartels have expanded their power over the sale of illicit tobacco
-
Nepal’s fake mountain rescue fraudUnder The Radar Arrests made in alleged $20 million insurance racket
-
History-making moments of Super Bowl halftime shows pastin depth From Prince to Gloria Estefan, the shows have been filled with memorable events
-
Trump sues IRS for $10B over tax record leaksSpeed Read The president is claiming ‘reputational and financial harm’ from leaks of his tax information between 2018 and 2020
-
Trump, Senate Democrats reach DHS funding dealSpeed Read The deal will fund most of the government through September and the Department of Homeland Security for two weeks
-
Fed holds rates steady, bucking Trump pressureSpeed Read The Federal Reserve voted to keep its benchmark interest rate unchanged
-
Judge slams ICE violations amid growing backlashSpeed Read ‘ICE is not a law unto itself,’ said a federal judge after the agency violated at least 96 court orders
-
Rep. Ilhan Omar attacked with unknown liquidSpeed Read This ‘small agitator isn’t going to intimidate me from doing my work’
-
Democrats pledge Noem impeachment if not firedSpeed Read Trump is publicly defending the Homeland Security secretary
-
The billionaires’ wealth tax: a catastrophe for California?Talking Point Peter Thiel and Larry Page preparing to change state residency
-
Hegseth moves to demote Sen. Kelly over videospeed read Retired Navy fighter pilot Mark Kelly appeared in a video reminding military service members that they can ‘refuse illegal orders’
