Leo Kamin is a summer intern on the money in politics team, covering campaign finance. He is with Forbes for the summer of 2024 and is currently based in Cambridge, Massachusetts. A rising senior at Amherst College, he is an editor at The Amherst Student and a history and economics double major.
Some of the nation’s wealthiest people are powering Trump ’s bid to return to the White House: His 26 biggest billionaire backers, worth a combined $143 billion, have poured $162 million into the effort so far.e need a leader who’s not in the pocket of big business, but answers to the working man,” declared Ohio Sen. J.D. Vance , Donald Trump ’s vice presidential pick, at the Republican National Convention last month.
Federal Election Commission filings tell a slightly different story. Many of the nation’s richest individuals, including founders and executives at some of America’s biggest businesses, have backed the Trump-Vance ticket. In fact, 26 billionaires have already given more than $1 million apiece to pro-Trump PACs and committees. But there may still be something to Vance’s distinction between “multinational corporations” and “American companies”—at least when it comes to who supports Trump.
The list includes a few heirs like Johnson & Johnson scion Woody Johnson and Miriam Adelson, the widow of casino magnate Sheldon Adelson. But the vast majority of the donors–22 out of 26–have built their own billion-dollar empires. The top industries among Trump’s top billionaire backers are casinos , finance and oil and gas .first looked at Trump’s top billionaire backers two months ago, Adelson has rocketed up the ranks, now the fourth biggest donor after a huge lump sum gift in late May.
Five of these donors have given to the newly-launched America PAC, which Elon Musk says he helped start. It was created in May and has already spent close to $8 million on pro-Trump field operations and text campaigns. It was widely reported that Musk had pledged $45 million a month to the super-PAC, though he has since said he will be supporting the group at a “much lower level”–and he has not reported a federal contribution since 2020.
Donors Election Billionaires Mellon Mcmahon Uihlein Harris Adelson Vance
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Imprisoned reality stars were targeted for being ‘Trumps of the South,’ daughter tells RNC“(The prosecutor) meant it as an insult,” she said. “But let me tell you: Boy, do I wear it as a badge of honor.”
Read more »
J.D. Vance praises Trumps leadership following assassination attemptThis is additional taxonomy that helps us with analytics
Read more »
Trumps appearance before Black journalists leads to memorable confrontation with ABC's Rachel ScottFormer President Donald Trump's appearance before a conference of Black journalists, already a source of controversy before it even took place, was remarkably contentious — primarily due to Trump's reaction to sharp questioning from ABC News' Rachel Scott.
Read more »
Trumps appearance before Black journalists leads to memorable confrontation with ABC's Rachel ScottFormer President Donald Trump's appearance before a conference of Black journalists, already a source of controversy before it even took place, was remarkably contentious — primarily due to Trump's reaction to sharp questioning from ABC News' Rachel Scott.
Read more »
Trumps appearance before Black journalists leads to memorable confrontation with ABC's Rachel ScottFormer President Donald Trump's appearance before a conference of Black journalists, already a source of controversy before it even took place, was remarkably contentious — primarily due to Trump's reaction to sharp questioning from ABC News' Rachel Scott.
Read more »
BYD trumps Tesla: China EV maker signs deal with Uber for 100,000 carsThe Uber-BYD agreement introduces significant incentives for drivers, accelerating the shift to greener rides.
Read more »