Billionaires for Trump and Vance
Original article by ALAN SINGER republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).
Here they are. They have names. They have billions. And they’re the leading American oligarchs backing the ticket that wants to kick the working class and poor people in the face.
No matter who may be supporting them in public opinion polls, Donald Trump and JD Vance are not the saviors of the middle class, the working, class, or the poor. They are not the champions of Blacks, whites, Latinos, men, women or any other demographic group. Their policy proposals won’t even benefit better off but not rich Americans. They are the candidates of casino, real estate, fossil fuel, and tech billionaires. Many are affiliated with Trump 47 or one of the other pro-Trump Super PACs.
I am a union member and have been since I started working as a teenager in the 1960s and I support the Harris-Walz ticket. I think it is a moral transgression in this election to vote for any down ballot Republican candidate that appears on the same line as Trump and Vance. The Democrats must win the House and Senate and local elections to stop the billionaire financed anti-democracy MAGA movement.
Below, in alphabetical order, is a list and description of some of the Trump-Vance team’s key super-wealthy supporters. It is a billionaire’s club.
Hedge fund billionaire Bill Ackman is the chief executive and portfolio manager of Pershing Square Capital Management. Ackman demanded that Trump resign after the January 6 attack on the Capitol, but now endorses Trump. Ackman is a leading crusader against DEI policies and what he perceives of as a wave of antisemitism on college campuses. He played a leading role in forcing Harvard President Claudine Gray to resign, in getting New York City Mayor Eric Adams to use police to breakup protests at Columbia University against Israel’s action in Gaza and contributed to SuperPACs that defeated progressive candidates in Democratic Party primaries because they criticized Israel. Forbes estimates Ackman’s net worth at over $9 billion.
Casino magnates Miriam Adelson and her deceased husband, Sheldon Adelson, were Trump’s biggest donors in 2020. They contributed $90 million to the pro-Trump SuperPAC Preserve America. Adelson is the wealthiest Israeli citizen and one of the fifty wealthiest people in the world. She pledged $100 million to Trump’s 2024 campaign in exchange for his promise that if he is elected President the United States would recognize Israeli sovereignty over the West Bank, torpedoing any possible of an independent Palestinian state.
Marc Lowell Andreessen is a Silicon Valley tech businessman, former software engineer, member of the Facebook Board of Directors, and worth $1.8 billion. In 2016 he endorsed Hillary Clinton for President because of Trump’s anti-immigrant stance, but he is now donating mega-bucks to SuperPACs supporting Trump, hoping to secure policies that favor his investments.
Scott Bessent is founder of the global investment firm Key Square Group with an investment portfolio of $8 billion. Previously Bessent was the Chief Investment Officer of Soros Fund Management, a much more liberal company. At some point, Bessent changed his stripes, and he is now a co-chair of Trump 47, a Republican Party fundraising group in Palm Beach, Florida. Bessent is considered a possible Secretary of the Treasury if Trump is elected.
Robert Thomas Bigelow owns Budget Suites of America and is founder of Bigelow Aerospace. He is a notorious conspiracy theorists providing financial support for investigating UFOs and paranormal phenomena including consciousness after death. Bigelow has originally a DeSantis supporter but switched to Trump when DeSantis dropped out of the race. Bigelow gave Trump a million dollars to help with his legal fees and promised to give $20 million to pro-Trump Super PACs. Bigelow’s net worth is $1.5 billion.
Robert H. Book is chairman of Book Capital Enterprises and Jet Support Services, and a Vice Chairman of Axxes Capital. His net worth is only half a billion dollars so he may not belong on this list. Book, a major philanthropist in support of Israel, was critical of Trump in 2017 for not forcibly condemning neo-Nazis marching in Charlottesville, Virginia. However, in 2020 he gave over a million dollars to the Trump Victory Committee.
Timothy Dunn is the CEO of the fossil fuel company CrownQuest Operating. Dunn contributed to the Trump 2020 campaign and in 2023 he gave $5 million towards the 2024 campaign. He’s an active donor in rightwing Texas politics, giving approxinately $10 million to the conservative Defend Texas Liberty PAC. He co-founded a Christian school where he is on the board of trustees and teaches Sunday school. Dunn opposes abortion, same-sex marriage. and adoptions by same sex couples. He is worth an estimated 2.2 billion.
José Fanjul is a Cuban American a sugar magnate with investments in Domino Sugar and real estate who gave over $800,000 to the Trump 47 Committee and hosted a Trump fundraiser. Fanjul’s company received an estimated $65 million in federal agricultural subsidies that he uses political influence to protect. The family’s business interests are valued at over $8 billion.
Kenneth Griffin is a hedge fund manager who gave $10 million to the House Republican Super PAC and $5 million to the Senate Republican Super PAC. Griffin initially backed Nikki Haley for the 2024 Republican nomination and called Trump a “three-time loser,” but is now prepared to endorse Trump. Griffin is worth about $35 billion.
Harold Hamm, executive chair of Continental Resources, is an oil and gas magnate heavily invested in fracking who is worth $18.5 billion. Hamm is part of the Koch brothers rightwing donor network. He contributed $320,000 to the 2020 Trump campaign and organized a major Trump fundraiser with the fossil fuel industry.
Diane Marie Hendricks and her deceased husband were major supporters of Wisconsin Governor Scott Walker. Her net worth is over $20 billion. From 2014 to 2016, she gave millions of dollars to a Republican Super PAC created by the Koch Brothers and in 2020 Hendricks contributed $1.1 million to Trump’s presidential campaign. She spoke at the 2024 Republican Party National Convention and is also a financial supporter of Georgia representative Marjorie Taylor Greene. Hendricks’ investment in Trump paid off bigtime. She saved $36 million in income taxes from a provision in the 2017 Trump tax cut.
Benjamin Horowitz is a co-founder of the venture capital firm Andreessen Horowitz along with Marc Lowell Andreessen and is personally worth $3.5 billion. He pledged to give money to the 2024 Trump campaign.
Robert “Woody” Johnson is co-owner of the New York Jets football team and an heir to the Johnson & Johnson pharmaceutical company. He is worth an estimated $10 billion. Johnson was a co-financial chair of the Republican Party during Trump’s 2016 campaign and was appointed ambassador to the United Kingdom when Trump was elected. During the 2024 campaign, Johnson has already given over a million dollars to Trump Super PACs.
Doug Leone is a partner at and former head of Sequoia Capital. Forbes magazine estimates he is worth $8.4 billion. In 2021, Leone said Trump lost his support because of the January 6 attack on the Capitol, but he is now back on the Trump bandwagon. He gave $2 million to the Right for America Trump Super PAC and $1 million to the America PAC.
Joe Lonsdale is a technology entrepreneur and investor and co-founder of Palantir worth about half a billion dollars. He donates to Trump through the Super PAC America Pac.
Howard Lutnick is CEO of Cantor Fitzgerald and has a net worth of an estimated $1.5 billion. Lutnick has hosted New York metro area fundraisers for Trump in his home since 2019.
Omeed Malik, who formerly supported Ron DeSantis, changed track and pledged to raise over $3 million and donate at least $100,000 to the Trump campaign. Malik is president of 1789 Capital and CEO of Farvahar Partners. He has an estimated net worth of $6.15 billion.
Home Depot co-founder Bernie Marcus supported Trump for President in 2016 and 2020 and announced he would support Trump again even if he were convicted of crimes. He gave the Trump campaign $25 million in 2020. Marcus, who is worth almost $9 billion, originally supported DeSantis this round and then Haley, but he is now boosting Trump again. He said his donations to the 2024 Trump campaign would be “in line” with past contributions.
Vincent and Linda McMahon are professional wrestling promoters. The McMahons gave $5 million to the Donald J. Trump Foundation. Linda was appointed administrator of the federal Small Business Administration during the Trump administration and spoke at the 2024 Republican National Convention. The McMahon’s have a combined net worth of $3.2 billion.
Timothy Mellon is a descendant of the founder of the Mellon Bank and railroad interests. The bank, under different names, today manages about $50 trillion in assets and the current generation of the family is worth about $15 billion. Mellon is a major Trump supporter. In April 2020, he gave $10 million to Trump’s America First Action Super PAC, and he has pledged $75 million to elect Trump in 2024. He also contributed $25 million to the independent candidacy of Robert Kennedy. Mellon is the definition of rightwing weirdo. He posted online comparing climate scientists to ISIS, is a COVID anti-vaxxer, donated to build a Southern wall, and issued statements that led to him being accused of racism.
Robert and Rebeka Mercer (his daughter and fellow conservative activist) Pappa Mercer was an artificial intelligence proponent and co-chair of the Renaissance Technologies hedge fund. Mercer has a string of companies based in the Caribbean that he uses to avoid paying American income taxes. Among his rightwing activities, he contributed to the Brexit campaign for Great Britain to leave the European Union, works with Koch brother’s groups, financially supported Breitbart News, donated to the Heritage Foundation and the Cato Institute, labels civil rights acts as racist, and helped fund JD Vance’s Ohio Senate campaign. Daughter Rebekah is in charge of the Mercer Family Foundation. She home schooled her children, is on the Heritage Foundation Board of Trustee, was on the 2016 Trump transition team, and works closely with Steve Bannon who she introduced to Trump. Pappa Mercer is probably worth a little less than a billion dollars.
Elon Musk is going all in to elect Trump, providing money through his private pro-Trump Super PAC and free publicity on his social media site including an interview scheduled for posting on August 12. Musk reportedly pledged to contribute $45 million a month to his America PAC, which has already been accused of using data from a subterfuge voting registration drive to aid the Trump campaign. After Musk purchased Twitter, which he rebranded X, there was a surge of antisemitic and racist postings on the platform. Musk himself has also posted or retweeted hateful conspiracy theories, targeted Anthony Fauci, and made fun of people using gender pronouns. It is estimated that Musk is worth over $200 billion.
Chamath Palihapitiya, an early senior executive at Facebook, is a champion of digital currency and a competitive poker player. He co-hosted a San Francisco fund raiser for Trump with David Sacks that raised $12 million and promotes Trump on his podcast. Palihapitiya’s net worth is estimated at $1.2 billion.
Geoffrey Palmer is a Los Angeles-based real estate developer and competitive polo player worth $3.1 billion. His company contributed $5 million to Trump’s 2016 campaign, and he has hosted fundraisers for each of Trump’s campaigns. This round he gave $2 million to Trump’s MAGA Inc. super PAC and $814,600 to the Trump 47 Committee. He was also a major financer of efforts to recall California Governor Gavin Newsom.
John Paulson, net worth $3.5 billion, made his money from the 2008 housing market collapse. He was an early supporter of Trump in 2016, has already raised $50 million for the Trump 2024 campaign, and is another potential Treasury Secretary.
Hedge fund broker Nelson Peltz stated that he regretted voting for Trump after the Capitol attack, but he is now hosting Trump fund raisers at his Palm Beach, Florida mansion, although he says he is not happy about it. Peltz is worth $1.6 billion.
Isaac Perlmutter is an Israeli American billionaire who has had stakes in several companies including Revco drug stores, Remington gun manufacturers, and Marvel Entertainment. He is a friend and unofficial advisor to Trump who helped oversee the Department of Veterans Affairs when Trump was President. Isaac and his wife Laura Perlmutter gave Trump almost $2 million in 2016, and Laura was part of Trump’s inauguration planning committee. In 2024, the Perlmutters have already contributed $10 million to Trump’s Right for America Super PAC. Isaac and Laura Perlmutter live near Mar-a-Lago in Florida and are worth over $4 billion.
Vivek Ramaswamy originally ran against Trump in Republican primaries but then endorsed him and was awarded with a spot at the Republican National Convention. Ramaswamy opposes affirmative action, abortion rights, and birthright citizenship. During his campaign he called the “climate change agenda a hoax” and for raising the voting age to 25. He has endorsed conspiracy theories that the January 6 attack on the U.S. Capitol was a “inside job” and questioning the official story about the September 11th attack on the World Trade Center. He made his money in pharmaceuticals and is worth about a billion dollars.
Todd Ricketts is a co-owner of the Chicago Cubs, a TD Ameritrade board member, and a former Republican Party finance chair. Since 2016 he has been a Trump fundraiser and was chair of the Trump Victory Committee in 2020. The Ricketts family is worth over $4 billion.
Phil Ruffin, a casino magnate, is a longtime associate and business partner of Trump who was with Trump at the 2013 Miss Universe Pageant in Moscow. Ruffin, worth $2.6 billion, contributed $2 million to Trump’s MAGA Inc. Super PAC and more than $800,000 to Trump 47.
Tech investor, podcast host, and venture capitalist David Sacks spoke opening night of the Republican National Convention. on Monday, co-hosted a fundraiser for Trump in San Francisco. Sacks, a former chief operating officer at PayPal, is now a big promoter of crypto currency along with JD Vance. Sacks supported Hillary Clinton in 2016, recently toyed with support for Robert Kennedy, but is now a prominent Trump fund raiser.
Blackstone CEO Steve Schwarzman, a longtime friend of Trump, was chairman of his Strategic Policy Forum when Trump was President. In that role he marshalled billionaires to support Trump tax cuts and economic policies. Schwarzman denounced the January 6 attack on the Capitol Building as an “insurrection” and an “affront to the democratic values we hold dear” and in 2022 he announced he would not support Trump for reelection however Schwarzman is now a Trump supporter and fundraiser again. He is worth $39 billion.
Paul Singer is a hedge fund manager with a net worth of over $6.1 billion. His specialty is buying the debt of poor countries and then forcing them to pay. Singer and the workforce at his company, Elliott Management are a top source of contributions to the National Republican Committee. Singer has contributed to the political efforts of the Koch brothers and gave one million dollars to the Trump 2017 inaugural committee. He originally supported Nicki Haley’s 2024 campaign but has now endorsed Trump.
Jeff Sprecher and his wife, former Georgia Senator Kelly Loeffler are worth over $1 billion. Each contributed over $800,000 to a Trump Super PAC. Sprecher is the former chairman of the New York Stock Exchange.
So far Peter Thiel, co-founder of PayPal and Palantir, has not endorsed Trump again. He contributed a million dollars to the trump 2016 campaign but did not give money in 2020. Thiel, who is gay and part of a same-sex marriage, remains unhappy with Trump and the Republican Party’s focus on hot-button cultural issues. However, he was a major supporter of JD Vance’s Senate campaign and is expected to eventually support the Trump-Vance ticket because of his major investment in crypto currencies. Thiel, the person who introduced Trump to Vance, is worth $4.2 billion.
Richard Uihlein and Elizabeth Uihlein are founders of Uline and Richard is also an heir to Schlitz. They are anti-union, anti-tax, anti-regulation, and anti-gay and transgender rights. Their $10 million contribution to the Trump 2024 Make America Great Again Super PAC is currently the second largest Trump gift. The Uihleins are worth over $6 billion.
Kelcy Warren, the chairman and former CEO of a pipeline company with a net worth of over $6 billion gave over $800,000 to the Trump 47 Committee and $5 million to the MAGA Inc. super PAC.
Cameron and Tyler Winklevoss each gave over $1 million to the Trump 47 Committee and $250,000 to the America PAC. The twins run the cryptocurrency exchange Gemini and are each worth $2.7 billion. When endorsing trump, Tyler Winklevoss called him “pro-Bitcoin, pro-crypto, and pro-business.”
Steve Wynn was vice-chairman of Trump’s 2017 inaugural committee. He is casino and real estate magnate worth $3.4 billion who is accused of sexual misconduct and acting as a foreign agent for China. Wynn gave over $800,000 to the Trump 47 Committee.
Jeffrey Yass is the co-founder trading and technology company Susquehanna International Group, a major investor in TikTok which is under attack because its parent company is owned by China, and Trump’s sham media company. He has a net worth of $27.6 billion. He is a self-proclaimed libertarian, on the executive advisory council of the Cato Institute, and an advocate for charter schools and vouchers. Yass is one of the largest Republican Party deep pockets and contributed to several candidates challenging the results of the 2020 Presidential election.
Original article by ALAN SINGER republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).
