John Paulson, the billionaire owner of piano maker Steinway & Sons, could join US President-elect Donald Trump’s administration as Treasury secretary. Reuters reports this.
According to the publication, Trump’s team has two candidates for the position of head of the US Treasury: Paulson and the founder of a macroinvestment company. Scott Bessent.
It should be noted that Paulson is Trump’s main sponsor. He recently told colleagues that he was willing to take on the role of Finance Minister; This position would be interesting for you.
Paulson is a long-time advocate of tax cuts and deregulation. He has publicly supported targeted tariffs as a tool to promote U.S. national security and combat unfair trade practices abroad. One of the large-scale fundraising events for Trump’s presidential campaign raised more than $50 million for the then-Republican candidate.
Bessent is a key economic adviser to Trump and is considered a leading candidate for the job of head of the US Treasury Department.
John Paulson bought Steinway & Sons in 2013 for $512 million, clarifies the Opera Ballet telegram channel. He called Steinway “one of the rare examples of the world’s finest craftsmanship and tradition.” Paulson highlighted the importance of the brand as a cultural asset, noting that Steinway combines art and history, which is especially valuable to him as an investor and art lover.
Steinway & Sons was founded in 1853 in New York by a German immigrant. Heinrich Steinweghas been part of the Steinway Musical Instruments, Inc. conglomerate since 1995. Steinway & Sons pianos have become the de facto standard in the music industry since the mid-20th century: the majority of studio recordings are made with the pianos company’s grand pianos and most major piano concerts are performed with Steinway & Sons grand pianos. In 2000, the company produced the 500,000th instrument. He died in 2008. Henry Z. Steinway – The last president of the Steinway family company.
