But he had deep financial backing, which was led by Mr Mercer and his daughter Rebekah. Members of the index, a daily ranking of the 500 richest people on the planet, can vary from day to day, but the number of Americans held steady, from 168 on election night to 166 this month. H. Ross Perot, Jr., the son of presidential candidate H. Ross Perot, Sr., built his fortune running a real-estate development company that has built both industrial buildings and residential developments, per Forbes. Donald Trump may be America's first billionaire president — but he doesn't seem to have won the billionaire vote. Not only did Mr Mercer and his family provide needed donations for the campaign, but they also brought Cambridge Analytica, a data company funded by the billionaire, into the fold. This election cycle, the second biggest donor behind the Adelsons has been New York billionaire Michael Bloomberg, who has spent $107m, much of it on ads in Florida to help Biden, CRP data shows. . ), Most of the donors, some 56%, live in just three states: Florida, New York and Texas. That group includes titans like Blackstone CEO. Richest Americans Win With a Divided U.S. Government, Jump in Insolvencies Heralds Pandemic Hit to Canadian Households, Pandemic Prompts Pay Gains and Labor Peace for Canadian Workers, U.S. Mortgage Rates Fall to a Record Low for 12th Time This Year. Home Depot cofounder Bernie Marcus and his wife Billi gave $10,000 to Trump Victory in September, but Bernie also poured $5 million into a pro-Trump super-PAC in August. Wynn denied all allegations of wrongdoing. Tilman Fertitta is the billionaire restaurateur behind Landry's Seafood House, Bubba Gump Shrimp Co., and Saltgrass Steak House, according to Forbes. Sheldon Adelson has been one of Trump's most prolific donors, giving more than $25 million to both of Trump's campaigns and his 2017 inaugural festivities combined, Business Insider previously reported. Adelson’s huge donations have occurred even as his casino empire, which stretches from Las Vegas to Asia, has seen its revenues drop significantly this year because of the pandemic. Not all of Trump’s 2016 billionaire supporters are still giving—at least not yet. While not wealthy enough to be included on the Bloomberg index, his net worth has declined more than 10% since taking office. The pandemic is to blame, with their collective net worth falling from $93 billion to $69 billion this year. You can find our Community Guidelines in full here. The Adelsons planned to continue their generosity throughout the 2020 election cycle and give more than $100 million to various Republican candidates, Republican fundraisers told The Guardian in February. Collectively, the top 50 wealthiest Americans are up $835 billion under Trump, absorbing 80% of the gains for all U.S. billionaires on the index. Want to bookmark your favourite articles and stories to read or reference later? One donor on this list serves as an informal advisor to the President, one was awarded the Presidential Medal of Freedom after donating, while others were granted clemency by Trump before writing donation checks. Other recent donors include Bass Pro Shops founder Johnny Morris, who gave $200,000, pharma CEO Robert Duggan ($200,000) and hedge fund pioneer Julian Robertson ($100,000). Shopping mall magnate Edward DeBartolo pitched in $3,000 with his wife Cynthia; Trump later pardoned him, in February. How times have changed. Dolan also owns controlling stakes in the Madison Square Garden Co. (which owns the New York Knicks and the New York Rangers) and AMC Networks, per Forbes. Shoppers boycotted Home Depot after one of its cofounders pledged to donate a portion of his net worth to the president's reelection efforts in July. Source of wealth: hedge fund Paulson & Co. Inc. John Paulson, 67, built his $4.2 billion fortune betting against subprime mortgages ahead of the financial crisis in 2007, per Forbes. WWE cofounder Linda McMahon, who contributed $152,700 to Trump Victory in 2016, was appointed by Trump to head the Small Business Administration. The lack of these key backers doesn’t mean the president doesn’t have cash on hand to get him through the next three months of the election run. Mr Mercer also helped staff the now-president for the White House by providing three key employees for Mr Trump: Citizens United President David Bossie as deputy campaign manager, pollster Kellyanne Conway as campaign manager, and Breitbart executive chairman Steve Bannon as his campaign CEO. Email me at email@example.com and follow me on Twitter @mtindera07. The existing Open Comments threads will continue to exist for those who do not subscribe to Independent Premium. The app, called Clearview AI, uses a searchable database of photos scraped from across the web with potentially catastrophic privacy implications and is supposed to only be available to law enforcement, Business Insider reported at the time. Source of wealth: venture capital, PayPal, Facebook, Peter Thiel made a fortune co-founding PayPal and grew his net worth by investing early in Facebook, according to Forbes. We counted contributions that were transferred in from joint fundraising committees Trump Victory and Trump Make America Great Again Committee. About 10% of the donors made their money in real estate, including Trump’s fellow New York City billionaire. From election night 2016 through Thursday, the S&P 500 index returned 67%, including dividends, while the tech-heavy Nasdaq Composite Index returned 125%. In 2020, the former New York mayor poured roughly $1 billion into a bid for the Democratic presidential nomination, including $275 million on anti-Trump advertising. Rebekah Mercer, on the other hand, has not donated anything to Mr Trump’s bid for a second term. Have a confidential tip for our reporters? The wife of a disgraced investor who was granted clemency by Trump gave the president's campaign $12,500. “I’m not using the lobbyists. Trump has diligently courted both Adelson and his wife’s support since he took office. © 2020 Forbes Media LLC. The casino billionaire and ardent Israel backer Sheldon Adelson is expected to have written about $250m in checks to back Donald Trump, Republican Senate and House members and conservative causes, say two GOP fundraising sources familiar with the mega-donor’s spending plans. The Hungarian billionaire left Microsoft in 2002 to found his own software company but later sold that firm to Microsoft and rejoined the company, Business Insider previously reported. But the Trump presidency accelerated trends that made the very richest Americans richer still. Despite decades of protests and outrage from fans over the team's name, Snyder has refused to change it. “My policies have benefited those who need it the most.”U.S. Michael and Lori Milken have since become full-time philanthropists, donating over $1 billion to cancer research. (, reached out to all of Trump’s donors, nearly all of whom declined to comment on the record. Now in the midst of his reelection campaign, President Trump has accepted donations from 80 billionaires and their spouses, according to a review of Federal Election Commission filings. “President Trump has done an outstanding job and certainly merits my vote,” Shoen says. Bernie Marcus and Ken Langone, the co-founders of the company have both made sizeable donation to Trump. Americans on the Bloomberg Billionaires Index went from less than $1.8 trillion in net worth on election night in 2016 to more than $2.8 trillion last week. The president is trailing his presumptive opponent, former Vice President Joe Biden, in his number of billionaire donors, according to an analysis of federal campaign records by Forbes. His campaign reported he had $113m to spend on 30 June. ... Nov 3, 2020, 05:00pm EST. Adelson and his wife Miriam, an Israeli-born physician, have already spent a single election record sum of $183m through 14 October, according to the non-partisan Center for Responsive Politics. Donald Trump has even publicly thanked Marcus on Twitter: Trump cancels Republican convention in Jacksonville over coronavirus concerns, Key Trump campaign donor steps back from supporting president, US news anchor diagnosed with cancer after viewer noticed lump, Coronavirus likely to become one of leading causes of death in US, Alabama prison officers ‘use cruel and unusual punishment’ on inmates, Pentagon UFO unit to publicly release some findings, You may not agree with our views, or other users’, but please respond to them respectfully, Swearing, personal abuse, racism, sexism, homophobia and other discriminatory or inciteful language is not acceptable, Do not impersonate other users or reveal private information about third parties, We reserve the right to delete inappropriate posts and ban offending users without notification. The 61-year-old billionaire donated to Trump for the first time during the 2020 election cycle. A transgender woman, Pritzker spoke out against Trump’s transgender military ban, and last year. Nearly all the money coming from billionaires traveled through something called a joint fundraising committee. Finance billionaires are up 39%, or $120 billion, since the last election. “President Trump has done an outstanding job and … President Donald Trump speaks during a campaign event at the Orlando Sanford International Airport on October 12, 2020 in Sanford, Florida. Meanwhile, the super-wealthy have poured unprecedented amounts into politics, on both sides. Billionaire donors who gave less than $100,000 per person, or per couple: Vicki Moyes, wife of Jerry Moyes: $35,500, Billy Joe “Red” McCombs - $15,000 ($25,000 contributed earlier), Bernie & Billi Marcus - $10,000 ($721,200 contributed earlier). “Somehow, promises to change the culture in Washington or ‘drain the swamp’ fade away when the usual mega-donors line up to throw millions at the election,” said Sheila Krumholz, who heads CRP. That includes Prince, who’s vice chair of the Patriotic Millionaires, a group of wealthy people pushing to raise their own taxes. Robertson gave to Tom Steyer before the Democratic primaries. Since 2017 Beal, whose bank was once a senior lender to Trump Entertainment Resorts, has donated more than $1 million over many months. “They see the people at the top doing a hell of a lot better while the rest are left to wonder, ‘Who’s looking out for me?’ That’s Donald Trump’s presidency.”. Elaine Langone is the spouse of billionaire Home Depot founder Ken Langone. pitched in $3,000 with his wife Cynthia; Trump later pardoned him, in February. Election results hang in balance. The irony of Trump’s term in office is that a sizable number of those who’ve done best in his presidency are supporting his opponent. The most insightful comments on all subjects will be published daily in dedicated articles. While the president has added a few additional members of the three comma club to his donor roster, including West Virginia Governor Jim Justice, many of the president's billionaire backers donated in 2016, as well. That includes Trump’s own industry: U.S. real estate billionaires have lost 12% on Bloomberg’s index since November 2016. (By contrast, Barack Obama didn’t begin seeking contributions to his election campaign until the third year of his presidency. I’m not using donors. Simonyi is also an amateur astronaut, having flown to space as a tourist in 2007 and 2009, Business Insider previously reported. Ashley Furniture founder Ron Wanek and his wife also doubled their donations, handing over another $419,400 last month. We counted individual itemized contributions made in increments of at least $100 to the Donald J. Trump For President campaign committee, then reviewed addresses and employment information to confirm identities. to the campaign of Democratic presidential candidate Pete Buttigieg. We searched for contributions made to the president’s campaign committee, Donald J. Trump For President. Before going into politics, Justice ran a coal mining business he inherited from his father, according to Forbes. While Schwarzman did not financially support Trump's 2016 campaign, the billionaire investor has since donated hundreds of thousands of dollars to Trump's reelection bid. 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