A MAJOR Shark Tank star has thrown his weight behind President-elect Donald Trump after his election victory last week, saying the former President will be the best person to manage the economy.
Successful entrepreneur and investor Robert Herjavec also called tech billionaire Elon Musk a “genius for the ages” and said it was “fantastic” that Trump had tapped the Tesla founder to help slash government spending.
Musk is set to become Trump’s efficiency tsar, tasked with leading Trump’s new Department of Government Efficiency (Doge) after campaigning heavily alongside the former President on the campaign trail.
Musk's proximity to Trump is set to make him one of the most powerful people on the planet.
He has reportedly spent "nearly every day" at Mar-a-Lago since Trump's crushing election victory last week.
In an exclusive interview with The U.S. Sun, Herjavec praised Musk’s ability to run three companies and do “politics on the side.”
Herjavec is a Croatian-Canadian businessman, investor, and star entrepreneur on Shark Tank, first becoming successful after selling his internet security software to AT&T Canada in 2000 for $30 million.
“The guy’s a genius...I mean, I built a company from two employees to a thousand employees and just stepped down because I didn’t want to operate it on a daily basis anymore,” Herjavec said.
“That guy is running three companies with tens of thousands of employees and doing politics on the side.:
I think he is a genius for the ages and if he wants to get involved with the government and help out, fantastic
Robert Herjavec
At a Trump rally in October, the Tesla and Space X founder said he believed the US government’s budget could be cut by at least $2 trillion by dismantling government bureaucracy, slashing excess regulation, and restructuring federal agencies.
With the US stock market surging to record highs following the re-election of Trump, Herjavec said consumers should be highly optimistic about the state of the economy in the US as he praised the Republican party’s plans for the economy.
“I think Trump will be very, very good for the economy,” Herjavec told The U.S. Sun.
“It’s less about how good for the economy he’ll be. There’s just a binary difference between the Democrats and what they want to do with the economy.
“For me, as a business guy, it’s really less about Trump or this leader, it’s more about what his policies are going to do for business, and I think everybody would agree that Republicans are much more business-oriented than the Democrats were.”
The comments come after US stock’s capitalization rose by $1.62 trillion following Trump’s decisive election victory, marking their fifth-best one-day showing ever.
Wall Street is celebrating the prospect of tax cuts, deregulation, and economic expansion.
Despite some economists warning that his agenda may bring higher inflation and larger deficits, markets are betting on the prospect of Trump’s economic plans to rev up the economy.
The President-elect has promised corporate and personal income tax cuts as well as slashing red tape in areas including energy and finance.
He has also threatened to implement a 60% tariff on China and 10 to 20% on other trading partners.
In his election victory speech, Trump doubled down on his plans and told voters he would stick to his word.
“Promises made, promises kept,” he said.
“Nothing will stop me from keeping my word to you, the people.”
Quoting JP Morgan Chase CEO Jamie Dimon, Herjavec said, “Optimism is a self-fulfilling prophecy” and that the "bullish" nature of Wall Street following the Trump victory would boost the economy.
Amid cooling inflation in the US economy, Herjavec projected prices to continue to fall, saying he anticipated a “real renaissance for consumerism and the business environment.”
“The fact that more CEOs are bullish and optimistic about the next four years means the next four years are going to be more optimistic and bullish,” Herjavec said.
In the days following his dominant Election Day victory, President-elect Donald Trump has begun carving out his future administation.
Here's a list of Trump's confirmed cabinet picks:
Herjavec’s endorsement of Trump is a far cry from some of his Shark Tank co-stars’ opinions of the President-elect.
Prior to the election, The U.S. Sun exclusively sat down with billionaire Mark Cuban, who had thrown his weight behind then-Vice President Kamala Harris, including campaigning alongside her in several swing states.
Cuban, who voted for Obama in 2008, initially backed Trump’s first presidential campaign in 2015, calling him “probably the best thing to happen to politics in a long, long time.”
However, the billionaire investor has since been a long-outspoken critic of Trump, recently calling his push to impose sweeping across-the-board tariffs on China “lunacy.”
In The U.S. Sun’s exclusive sit-down interview, Cuban attacked Trump, arguing that the Republican nominee did not understand the impact they would have on US businesses.
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