Super PACs supporting Sen. Tim Scott's (R-SC) 2024 White House bid hauled in large donations recently from a cohort of influential business leaders, records reveal.
The pro-Scott committees Opportunity Matters Fund Action and Trust In The Mission, which can accept unlimited sums of cash though they cannot coordinate directly with the South Carolina Republican's campaign, disclosed Monday that they received $6.1 million combined from seven billionaires between March and June.The donations underscore how Wall Street is trying to evaluate which Republican hopeful could garner enough support to take on President Joe Biden in the 2024 presidential election.
Opportunity Matters Fund Action notably pocketed $80,000 from Nelson Peltz, an investor who is the non-executive chairman of the Wendy’s Company, $600,000 from business magnate Jeffrey Yass, and $150,000 from former hedge fund manager Stanley Druckenmiller, according to campaign finance disclosures. Absent from the latest contributors list was billionaire and former Oracle CEO Larry Ellison, who poured over $35 million between 2020 and 2022 into another Scott-affiliated PAC.
Yass, who co-founded the Philadelphia-based Susquehanna International Group and is estimated by Forbes to be worth $28.9 billion, has taken other steps in the past to support efforts in the GOP to fight a Trump nomination. He gave $15 million combined in February and June to Club for Growth Action, which is opposing the former president, according to campaign finance disclosures.
Haslam contributed $300,000 in June to Trust in the Mission PAC, disclosures show. The PAC also received $25,000 each from the married billionaire couple Jimmy Haslam and Dee Haslam, who own the Cleveland Browns in the NFL.
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