As the 2020 presidential race nears its conclusion, a group of wealthy donors have emerged as key supporters of Republican candidate Donald Trump, contributing over $50 million to his campaign against Democratic incumbent Joe Biden. Despite a decline in small donations and some traditional Republican donors backing away, these super-rich benefactors play a crucial role in funding Trump’s campaign.
According to a Reuters analysis of Federal Election Commission data, the top five major donors to Trump include the 81-year-old heir to the Mellon banking family, who has donated at least $16.5 million to the pro-Trump Super PAC MAGA Inc. since 2022. Another major donor is former Marvel Entertainment chairman Isaac “Ike” Perlmutter and his wife Laura, who have contributed over $10 million to a new Trump Super PAC called Right for America.
Linda McMahon, former head of the Small Business Administration in the Trump administration, has donated more than $10 million to MAGA Inc., while the 79-year-old hotel magnate from Nevada, Bigelow, has also contributed over $9 million to Trump’s campaign. The major donor of Scientology Church, Patricia Duggan, has donated over $5 million this election cycle.
These wealthy donors play a significant role in financing Trump’s campaign by providing crucial financial support in a landscape where traditional donors may be less inclined to contribute. Their contributions underscore the importance of big donors in American politics and their role in shaping election outcomes.
The decline in small donations could be attributed to several factors such as increased regulation on political campaigns or simply lack of interest from individuals with lower income levels towards politics.
As we approach election day, it is clear that these super-rich benefactors will continue to play a vital role in determining the outcome of this highly contested race.
In summary, these wealthy donors are critical contributors to Donald Trump’s presidential campaign against Joe Biden with their large contributions totaling over $50 million since 2022. Their influence is particularly significant as they provide crucial financial support during an era where traditional Republican supporters may be less inclined