London Daily

Focus on the big picture.
Wednesday, Jul 30, 2025

This billionaire says Elizabeth Warren is a 'superficial, nasty hater'

This billionaire says Elizabeth Warren is a 'superficial, nasty hater'

Hedge fund billionaire Leon Cooperman escalated his fight with Elizabeth Warren on Friday by calling the Democratic presidential candidate a "superficial, nasty hater" who isn't interested in dealing with facts.

"The voting public should not be taken in by this political charlatan," Cooperman told CNN Business.

His comments come after Warren took her clash with billionaires to their home turf by airing ads on CNBC, making the case for a wealth tax aimed at easing America's inequality problem.

Warren's commercial called out Cooperman, who was charged by the SEC with insider trading in 2016. Those charges were settled when Cooperman agreed to pay a fine of nearly $5 million.

Cooperman, the son of a plumber who has pledged to give away his entire fortune to charity, took issue with Warren bringing up the "SEC baloney." He noted that he did not admit nor deny fault and avoided getting barred from the industry.

"Any attorney will tell you I won the case because there was no case," Cooperman said. "But what does this have to do with her qualifications to be president? I'm not running for office - she is."

He added that Warren "impresses me as a superficial, nasty hater that doesn't seem interested in dealing with facts."


Cooperman 'can't escape the tax'

Warren isn't backing down. She signaled on Friday plans to ramp up her ad blitz pushing for a wealth tax.

"Some of the scared billionaires who oppose it are going on TV and tweeting their complaints," Warren tweeted. "It clearly struck a nerve. But we need this tax to help working families-so we're increasing our ad buy."

Warren's campaign responded to Cooperman's latest remarks by pointing out the high stakes for the billionaire.

"We're going to tax Leon Cooperman's fortune of $3.2 billion," Saloni Sharma, Warren's national deputy press secretary, told CNN Business in an email.

Cooperman "can't escape the tax" because it will apply as long as he's an American citizen, Sharma said. If Cooperman renounced his citizenship, he would have to pay a 40% exit tax on every dollar of his fortune above $50 million, she said.

"We're going to be giving the IRS the teeth and the tools to make sure the billionaires pay up," Sharma said.

Warren has called for imposing a wealth tax of 6 cents on every dollar of net worth above $1 billion. Her campaign says the wealth tax could be used to pay for proposed programs such as universal child care, universal pre-school, canceling student loan debt and Medicare-for-All.

Warren's agenda is aimed at tackling America's inequality problem head-on. The top 1% of US households now controls $34.7 trillion of the nation's wealth, according to the Federal Reserve. The bottom 50% of families holds only $2.1 trillion.

"All we're saying is when you make it big, pitch in two cents so everyone else gets a chance," Warren said during her ad that aired on Thursday on CNBC, a network that often hosts the billionaires whose wealth the Democrat wants to tax.

Beyond the wealth tax, Warren has also called for breaking up Facebook (FB) and banning the fracking of oil and gas.


Blankfein warns against vilifying

Warren's aggressive agenda and her tough tone have sparked a backlash from other wealthy individuals.

Lloyd Blankfein, a registered Democrat and the former CEO of Goldman Sachs, has acknowledged the inequality problem and supports taxing the rich more.

However, Blankfein recently told CNN's Poppy Harlow that he fears Warren wants "cataclysmic change" to the US economy. Warren featured those comments in her CNBC ad and then called Blankfein out for getting a $70 million pay package in 2007, the year the Great Recession began.

Blankfein, who backed Hillary Clinton in 2016, responded by hinting at Warren's past disputed claims to Native American heritage.

"Vilification of people as a member of a group may be good for her campaign, not the country," Blankfein tweeted on Thursday. "Maybe tribalism is just in her DNA."


Warren fired another verbal shot at Blankfein on Friday.

"He ran Goldman Sachs while it misled its own clients in order to turn a profit, which helped create the 2008 crash," Warren tweeted. "His bank then took billions in backdoor taxpayer bailouts, and no one was held accountable."

Cooperman said he sent a letter to Warren late last month that, he complains, she never responded to. The letter, which Cooperman provided to CNN Business, suggested alternatives to a wealth tax, such as eliminating loopholes in the tax code and implementing a surtax on millionaires.

"The fact is, Senator Warren, that despite our philosophical differences, we should be working together to find common ground in this vital conversation -- not firing off snarky tweets that stir your base at the expense of accuracy," Cooperman wrote.
Yet the rhetoric has only gotten more heated in the weeks since he sent that letter.

Cooperman, however, said his letter was "respectful and, if I must say, was extremely well done."

Newsletter

Related Articles

0:00
0:00
Close
Former Judge Charged After Drunk Driving Crash Kills Comedian in Brazil
Jeff Bezos hasn’t paid a dollar in taxes for decades. He makes billions and pays $0 in taxes, LEGALLY
China Increases Use of Exit Bans Amid Rising U.S. Tensions
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Procter & Gamble to Raise U.S. Prices to Offset One‑Billion‑Dollar Tariff Cost
House Republicans Move to Defund OECD Over Global Tax Dispute
Botswana Seeks Controlling Stake in De Beers as Anglo American Prepares Exit
Trump Administration Proposes Repeal of Obama‑Era Endangerment Finding, Dismantling Regulatory Basis for CO₂ Emissions Limits
France Opens Criminal Investigation into X Over Algorithm Manipulation Allegations
A family has been arrested in the UK for displaying the British flag
Mel Gibson refuses to work with Robert De Niro, saying, "Keep that woke clown away from me."
Trump Steamrolls EU in Landmark Trade Win: US–EU Trade Deal Imposes 15% Tariff on European Imports
ChatGPT CEO Sam Altman says people share personal info with ChatGPT but don’t know chats can be used as court evidence in legal cases.
The British propaganda channel BBC News lies again.
Deputy attorney general's second day of meeting with Ghislaine Maxwell has concluded
Controversial March in Switzerland Features Men Dressed in Nazi Uniforms
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
Thai Civilian Death Toll Rises to 12 in Cambodian Cross-Border Attacks
TSUNAMI: Trump Just Crossed the Rubicon—And There’s No Turning Back
Over 120 Criminal Cases Dismissed in Boston Amid Public Defender Shortage
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
The Podcaster Who Accidentally Revealed He Earns Over $10 Million a Year
Trump Announces $550 Billion Japanese Investment and New Trade Agreements with Indonesia and the Philippines
US Treasury Secretary Calls for Institutional Review of Federal Reserve Amid AI‑Driven Growth Expectations
UK Government Considers Dropping Demand for Apple Encryption Backdoor
Severe Flooding in South Korea Claims Lives Amid Ongoing Rescue Operations
Japanese Man Discovers Family Connection Through DNA Testing After Decades of Separation
Russia Signals Openness to Ukraine Peace Talks Amid Escalating Drone Warfare
Switzerland Implements Ban on Mammography Screening
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
Pogacar Extends Dominance with Stage Fifteen Triumph at Tour de France
CEO Resigns Amid Controversy Over Relationship with HR Executive
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
NVIDIA Achieves $4 Trillion Valuation Amid AI Demand
US Revokes Visas of Brazilian Corrupted Judges Amid Fake Bolsonaro Investigation
U.S. Congress Approves Rescissions Act Cutting Federal Funding for NPR and PBS
North Korea Restricts Foreign Tourist Access to New Seaside Resort
Brazil's Supreme Court Imposes Radical Restrictions on Former President Bolsonaro
Centrist Criticism of von der Leyen Resurfaces as she Survives EU Confidence Vote
Judge Criticizes DOJ Over Secrecy in Dropping Charges Against Gang Leader
Apple Closes $16.5 Billion Tax Dispute With Ireland
Von der Leyen Faces Setback Over €2 Trillion EU Budget Proposal
UK and Germany Collaborate on Global Military Equipment Sales
Trump Plans Over 10% Tariffs on African and Caribbean Nations
Flying Taxi CEO Reclaims Billionaire Status After Stock Surge
Epstein Files Deepen Republican Party Divide
Zuckerberg Faces $8 Billion Privacy Lawsuit From Meta Shareholders
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
SpaceX Nears $400 Billion Valuation With New Share Sale
×