Saturday , July 11 2020

The Billionaires Behind President Trump’s Reelection Effort

President Trump faces a lot of negative reactions for his cavalier attitude towards managing the COVID-19 pandemic and for a good cause. That said, he’s also actively pursuing his re-election efforts for 2020, and he has staunch supporters – and it’s not just rural voters in deep-red states who agree with his MAGA efforts. There are a lot of successful billionaires who are not afraid to open their six-figure to million-dollar wallets for Trump. We know that Democratic candidates draw crowds from Hollywood and Silicon Valley/technology to support and donate to their candidate, and Joe Biden certainly has a lot of very wealthy donors and supporters. Trump too, who is a billionaire himself.

Look, Trump is a president who divides. We don’t want to ruffle anyone’s feathers, but that’s just a fact. Making a public donation to him may have a cost for the donor’s business. Equinox and Soul Cycle suffered a backlash from their powerful members after it was revealed that Stephen Ross, one of the leaders of the parent company of high-end fitness chains, planned to organize a fundraiser for the president. Customers have threatened to boycott The Home Depot when one of its founders pledged some of his equity to Trump’s re-election campaign. So having said that, it takes a certain amount, let’s say bullets, to say publicly that you are sometimes a supporter of Trump. I know you all know what I’m saying. It is not for or against him, but a simple fact that can be discovered by simply browsing through your social media timelines and watching your family and Liberal friends fight with your Conservative family and friends.

So, having said that, let’s take a look at the big players and shakers publicly and proudly support Trump’s re-election efforts by making a significant donation to his 2020 campaign for a second term in the White House. And go {insert the name of your favorite candidate here}!

Here are some of Trump’s billionaire donors in ascending order of their donation.

Billionaires Behind President
Billionaires Behind President

(Left to right) President Donald Trump, Peter Thiel and Tim Cook (photo by Drew Angerer / Getty Images)

Dan Snyder

Who is he? Washington Redskins owner

Net worth: $ 2.3 billion

Donation amount: $ 100,000

Dan Snyder sold his marketing company, Snyder Communications, in 2000 for $ 2.1 billion. He bought the Redskins in 1999 for almost $ 800 million.

John Catsimatidis

Who is he? Owner of the New York grocery chain, Gristedes Foods

Net worth: $ 3.1 billion

Donation amount: $ 115,000

John Catsimatidis made his multi-billion dollar fortune by founding and operating Gristedes Foods as well as petroleum refineries and gas stations. He is a staunch supporter of Trump and supports the construction of the wall along the southern border of the United States.

Ronald Perelman

Who is he? Revlon investor, leveraged investor

Net worth: $ 13 billion

Donation amount: $ 125,000

Ronald Perelman has a significant stake in the cosmetics company Revlon. He made his fortune through debt buyouts from companies he believed were undervalued. Think: Gordon Gekko from the movie Wall Street. He made a large donation to the Trump fundraising committee in September 2017.

Charles and Helen Dolan

Who are they? Founders of Cablevision

Net worth: $ 5 billion

Donation amount: $ 125,000

Charles Dolan is the founder of Cablevision. He founded the telecommunications empire in 1973 and sold it in 2016 for $ 17.7 billion. He also has interests in Madison Square Garden Co, which owns the New York Knicks and Rangers, as well as AMC Networks. He donated to Trump’s re-election campaign for the first time in 2020.

Tilman Fertitta

Who is he? Houston Rockets restaurateur and owner

Net worth: $ 4.7 billion

Donation amount: $ 140,000

Tilman Fertitta is the billionaire businessman behind Landry’s Seafood House, Bubba Gump Shrimp Co. and Saltgrass Steak House. He bought the Houston Rockets from the NBA in 2017 for $ 2.2 billion. He is also a cousin of the Fertitta family of Las Vegas, owner of several casinos and former owner of the UFC.

Ronald Wanek

Who is he? The founder of Ashley Furniture

Net worth: $ 2 billion

Donation amount: $ 170,000

Ronald Wanek bought a home goods retailer in 1976, renamed it Ashley Furniture, and turned it into the largest furniture company in the United States, and is the primary donor to the President’s re-election campaign.

Charles Simonyi

Who is he? Early employee at Microsoft

Net worth: $ 1.5 billion

Donation amount: $ 200,000

Charles Simonyi was the 40e employee at Microsoft. He created Microsoft Word and Excel. He left Microsoft in 2002 to start his own software company, but ended up selling the company to Microsoft and returned to work for the company.

Ronald Lauder

Who is he? Heiress of Estée Lauder

Net worth: $ 3.8 billion

Donation amount: $ 200,000

Ronald Lauder is the youngest son of makeup tycoon Estee Lauder and inherited his makeup empire. He is president of the Clinical Laboratories. He is also one of Trump’s advisers, mainly on relations with Israel.

Peter thiel

Who is he? Founder of PayPal

Net worth: $ 3.3 billion

Donation amount: $ 250,000

Peter Thiel is one of the co-founders of PayPal. He has supported Trump for years and has donated a quarter of a million dollars to each of his campaigns for the President.

John Paulson

Who is he? Hedge fund manager

Net worth: $ 6 billion

Donation amount: $ 331,372

John Paulson built his fortune by managing his hedge fund Paulson & Co., and by betting against the subprime mortgage market before the market burst and the financial crisis that hit in late 2017. Paulson also supported the 2016 campaign from Trump.

Steve Wynn

Who is he? The billionaire founder and former CEO of Wynn Resorts, casino magnate

Net worth: $ 3.1 billion

Donation amount: $ 468,500

Steve Wynn is a casino magnate and founder of Wynn Resorts which owns The Mirage, Treasure Island, Bellagio, Wynn Las Vegas and Encore. He was the finance chairman of the Republican National Committee until his allegations of sexual misconduct appeared in 2018. He left office with the GOP and his role as CEO and president of Wynn Resorts. Warning: I went to high school with the girls from Wynn.

Stephen Schwarzman

Who is he? Founder and CEO of private equity firm Blackstone

Net worth: $ 11.4 billion

Donation amount: $ 699,400

Stephen Schwarzman built his fortune by running the private equity firm Blackstone, which he co-founded in 1985. Schwarzman did not contribute to Trump’s candidacy for president in 2016, but he did so for 2020 and he is also an advisor to Trump, particularly on relationships. in China.

Andrew Beal

Who is he? Banker and owner of Beal Bank and Beal Financial Corporation

Net worth: $ 12.2 billion

Amount donated: $ 1.036 million

Andrew Beal is a Texas-based banker who donated $ 549,400 to Trump’s 2016 campaign. He also made a significant donation to his re-election effort in 2020. Beal’s bank was a major lender to Trump Entertainment Resorts before he was elected president.

Sheldon Adelson

Who is he? The billionaire casino tycoon and founder of CES

Net worth: $ 29 billion

Amount donated: $ 1.16 million

It’s not really a surprise that Sheldon Adelson is a Trump donor, as he is a longtime big supporter and GOP donor. Adelson is one of Trump’s biggest donors. He donated more than $ 25 million to the 2016 and 2020 campaigns and the inaugural celebrations of 2017. For his efforts, Adelson received the Presidential Medal of Freedom in November 2018.

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