Sir Michael Moritz, a Cardiff-born multibillionaire known as the ‘richest Welshman in the world’, has criticized Donald Trump, referring to him as an “absurd buffoon.” Moritz, who amassed his wealth in Silicon Valley, is well-acquainted with prominent tech figures like Elon Musk. Estimated to be worth £4.435 billion by The Sunday Times, Moritz expressed sympathy for Musk’s interactions with Trump, stating that many who associate with the US president understand his true nature.
In an interview with The Times, Moritz highlighted Trump’s behavior, describing him as running a protection racket where individuals are compelled to engage with him. He remarked on Elon Musk’s involvement with Trump and emphasized the challenges of dealing with the president. Despite acknowledging some of Trump’s concerns, such as fair trade with China and defense spending by European nations, Moritz criticized Trump’s tactics and demeanor.
Moritz, who achieved success with Sequoia Capital in San Francisco, resides in the city with his wife. His comments come amidst ongoing controversies surrounding Trump, including his recent statements about acquiring Greenland to prevent potential takeovers by Russia or China. Trump’s remarks, made during an event with oil companies, underscore his unconventional approach to foreign affairs and resource acquisition. The president’s bold statements about Greenland have sparked international debate and scrutiny over his administration’s policies.