This election season, you might see Thomas Peterffy on your TV. He’s not a politician; he’s a billionaire who is afraid America is headed toward socialism.
The ad, which could end up costing Peterffy as much as $ 10 million, will run on CNN, CNBC and Bloomberg.
Peterffy left his home in Hungary and moved to New York in 1965. Without even knowing English, he landed a job on Wall Street and eventually founded one of the first electronic trading firms. But he’s afraid that the country he came to years ago is on a fast track to socialism if things don’t change.
Peterffy believes that Barack Obama’s policies disrespect the rich and destroy work ethic.
“When you trash the leaders of businesses, they stop working hard,” he said. “They go on vacation. I even see that within myself, I used to be proud of building Interactive Brokers. I would look forward to work each day. Now I’m being told I’m not doing my fair share.”
Neither candidate is featured in the ad, but Peterffy does say he is voting Republican.