Billionaire Trump supporter drops out of running for Treasury secretary [Video]

Billionaire hedge fund manager John Paulson has chosen not to seek a job within President-elect Trump’s upcoming administration, FOX News confirmed Tuesday.

Paulson, who has been an ardent supporter of Trump’s for years, was among a group of people being considered by Trump to be the next Treasury secretary.

“I’m ecstatic that President Trump will be back in office,” the Trump megadonor said in a statement through his company, Paulson & Co. “He is off to a fast start with his appointments, and his policies will have an immensely positive impact on all Americans.

TRUMP CAN BRING DOWN INFLATION: JOHN PAULSON

“Although various media outlets have mentioned me as a candidate for Secretary of the Treasury, my complex financial obligations would prevent me from holding an official position in President Trump’s administration at this time,” Paulson’s statement continued. 

“However, I intend to remain actively involved with the President’s economic team and helping in the implementation of President Trump’s outstanding policy proposals.”  

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