• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
FinanceHedge Funds

Oil Tycoon T. Boone Pickens Backs Trump’s Muslim Ban

By
Stephen Gandel
Stephen Gandel
Down Arrow Button Icon
By
Stephen Gandel
Stephen Gandel
Down Arrow Button Icon
May 11, 2016, 3:59 PM ET
BP Capital Management LP Chief Executive Officer T. Boone Pickens Interview
T. Boone Pickens, chief executive officer of BP Capital Management LP, speaks during an interview in New York, U.S., on Thursday, Oct. 9, 2014. Pickens said he would be interested in investing again with Aubrey McClendon, the co-founder of Chesapeake Energy Corp. who was ousted last year. Photographer: Chris Goodney/Bloomberg via Getty ImagesPhotograph by Chris Goodney — Bloomberg via Getty Images

Oil billionaire T. Boone Pickens is all in for Donald Trump for president, even backing the GOP frontrunner’s controversial stance on banning Muslims from entering the United States.

“I wouldn’t say it is permanent but I would cut off the Muslims coming into the United States until we can vet these people,” says Pickens. “We all look too much alike. . . they can tell I’m the oldest, but can’t tell what I am for or what I am against, or what I might do.”

Pickens made the comments at the SALT hedge fund conference, which kicked of on Wednesday. He was speaking on a panel with real estate developer Sam Zell. Many of Picken’s pro-Trump statements, and criticism of Hillary Clinton, got applause from the crowd.

Pickens said he supports Trump in part because of the likely GOP nominee’s stance on immigration. Pickens described the country’s current immigration policy of “kind of like just wander in.” And Pickens, who is a Republican, implied that Democrats have purposely allowed in illegal immigrants because it will help them in elections.

“Everyone who comes in gets to vote,” says Pickens. “And I think that has something to do with why the policy is as weak as it is.”

Pickens said that he thought Trump did have a tendency to overestimate how successful he has been. (“No shit,” says Zell.) But Pickens said what had propelled Trump was that voters were fed up with Washington, and that he was supporting Trump because he is the most likely candidate to bring change. “I do think Donald Trump is smart enough that he is going to bring in people to help him,” says Pickens.

Zell said that he was likely to support Trump as well. He said that the failure to execute in Washington was why the U.S. has 11 million illegal immigrants, and he said that President Obama was to blame for that. “The idea of studying anyone based on religion is insane,” Zell says. “But then when you read how the San Bernardino guy came to the United States, that’s a failure of execution.”

But Zell said he thought it was important to not cut off immigrants who want to come to the country legally. “Immigrants are self-starters and risk takers,” says Zell. “We need to encourage these types of people.”

 

Both Zell and Pickens said they thought the country needed change. Zell said he thought the last eight years would be remembered as a disaster, a comment that drew applause from the crowd.

Pickens agreed. In response to some of Trump’s contradictory comments on wanting to balance the budget, cut taxes, and spend money on infrastructure, Pickens said that Clinton has made contradictory statements as well. And Pickens said he understood he was likely to get some pushback because of his support for Trump. “I think Trump may be able to provide the type of change we need, and I am willing to bet on that,” says Pickens. “And some people will say, ‘Hell yes, you’re 88 and if you’re wrong you’ll be gone.'”

About the Author
By Stephen Gandel
See full bioRight Arrow Button Icon

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Most Popular

placeholder alt text
North America
'I meant what I said in Davos': Carney says he really is planning a Canada split with the U.S. along with 12 new trade deals
By Rob Gillies and The Associated PressJanuary 28, 2026
2 days ago
placeholder alt text
Politics
The American taxpayer spent nearly half a billion dollars deploying federal troops to U.S. cities in 2025, CBO finds
By Nick LichtenbergJanuary 28, 2026
2 days ago
placeholder alt text
C-Suite
Jeff Bezos capped his Amazon salary at $80,000: ‘How could I possibly need more incentive?’
By Sydney LakeJanuary 28, 2026
2 days ago
placeholder alt text
C-Suite
Fortune 500 CEOs are no longer giving employees an A for effort. Now they want proof of impact
By Claire ZillmanJanuary 28, 2026
2 days ago
placeholder alt text
Investing
Jerome Powell got a direct question about the U.S. ‘losing credibility’ and the soaring price of gold and silver. He punted
By Eva RoytburgJanuary 29, 2026
22 hours ago
placeholder alt text
Personal Finance
Current price of silver as of Thursday, January 29, 2026
By Joseph HostetlerJanuary 29, 2026
22 hours ago

Latest in Finance

Kevin Warsh, former governor of the US Federal Reserve, during the International Monetary Fund (IMF) and World Bank Spring meetings at the IMF headquarters in Washington, DC, US, on Friday, April 25, 2025.
EconomyFederal Reserve
Meet Trump’s next Fed Chair Kevin Warsh: He wants a back-seat central bank, a more bullish monetary policy, and for his dog to live a really long time
By Eleanor PringleJanuary 30, 2026
9 minutes ago
Personal FinanceSavings accounts
Today’s best high-yield savings account rates on Jan. 30, 2026: Earn up to 5.00% APY
By Glen Luke FlanaganJanuary 30, 2026
23 minutes ago
Personal FinanceCertificates of Deposit (CDs)
Best CD rates today, Jan. 30, 2026: Earn up to 4.18% APY if you lock in now
By Glen Luke FlanaganJanuary 30, 2026
23 minutes ago
taxi
Commentaryregulation
America’s AI regulatory patchwork is crushing startups and helping China
By James Richardson and Eric TanenblattJanuary 30, 2026
24 minutes ago
Photo of Elon Musk
NewslettersTerm Sheet
$100 million-plus funding rounds used to be incredibly rare. Now, 40% of seed and Series A rounds are clearing that bar
By Allie GarfinkleJanuary 30, 2026
49 minutes ago
InvestingIndonesia
Indonesia exchange CEO steps down as MSCI reform pressure mounts
By Prima Wirayani, Abhishek Vishnoi and BloombergJanuary 30, 2026
3 hours ago