Trump's fellow billionaires boost his presidential bid
SUMMARY
Former President Trump’s 2024 campaign is gaining significant financial support from billionaires, helping close the fundraising gap with President Biden. Stephen Schwarzman, CEO of Blackstone, announced his backing, citing concerns about the country's direction and rising antisemitism. Previously lagging behind, Trump's campaign led fundraising efforts in April despite mounting legal bills. Contributions from billionaires like John Paulson, Robert Mercer, Harold Hamm, Steve Wynn, and Todd Ricketts have been pivotal. A Palm Beach fundraiser hosted by Paulson raised over $50 million, and additional fundraisers in Texas hosted by energy magnates further boosted Trump’s campaign finances, demonstrating strong financial momentum and narrowing the gap with Biden's campaign.
