[Trending News] Jamie Dimon says he didn’t run for president because he wouldn’t have seen his family for four years—and jokes his wife wouldn’t have moved into the White House

Rumors JPMorgan Chase CEO Jamie Dimon was considering a White House run weren’t unfounded. The billionaire banker said he considered a career in politics but on reflection decided his experience as well as his love for JPMorgan and his family were reasons not to launch a campaign.

In the run-up to the November election, speculation was rife that JPMorgan CEO Jamie Dimon might add his name to the ballot. The murmurs were quickly shut down by America’s biggest bank, but its billionaire boss has confirmed he did give a White House campaign some consideration.

However, Dimon, a father of three and grandfather of seven, said he ultimately didn’t want to spend so much time away from his family.

“Had I run and won, when I was walking into that White House I’d be waving goodbye to my family for four years,” Dimon told the How Leaders Lead podcast on an episode aired last week. “They’d be saying, ‘See ya, Dad.’”

“I’m not sure my wife would have gone with me there,” he joked.

Dimon and his wife, Judy, are parents to three daughters: Julia, Laura, and Kara, and seven grandchildren—six girls and a boy.

“And it is subjecting your family to some very tough stuff,” Dimon continued. “And some people are prepared for that, I was unprepared for it at the time.”

Dimon, paid $39 million for his work in 2024, was speaking to podcast host David Novak, former PepsiCo executive and CEO of Yum! Brands.

Novak also served on the board of Bank One when Dimon was its CEO, and the pair have stayed in touch ever since. Novak said he personally asked Dimon to run for president while the pair had dinner at a Greek restaurant.

Novak even volunteered to be Dimon’s campaign manager, telling him: “We need you to run for president.”

And it seems 68-year-old Dimon still isn’t fully convinced he wants to let people like Novak down, adding: “I would never rule it out—I’m not making any promise to anyone. If I change my mind, I change my mind.

“I think it’s hard … as you know I’ve had a health problem or two, so when you put it together it just didn’t seem like the right thing for me to do.”

Alongside the time he would lose with his family, the Harvard Business School alum also pointed out that he might be starting his political career a little late.

That may not satisfy supporters, who could argue that President Trump is 78 and his predecessor, former President Biden, is 82.

But in 2016, in his first presidential run, Trump was 70. Likewise Joe Biden was 77 when he was handed the keys to the Oval Office, but had already spent decades building his political career.