Donald Trump has a large problem on his hands.
The big money is walking away from him.
Numerous GOP megadonors have stated they will not give him a penny, even if he wins the nomination.
Ronald Lauder, who ponied up more than $100,000 last time Trump ran, stated that he “has no plans to support Trump.”
Mogul Andy Sabin has stated, “I wouldn’t give him a f—ing nickel.”
He continued, “He’s not a good person. He could be helpful but it’s all about him.”
That was an observation made by many after Trump announced with some midterm elections still up for grabs.
He continued, “It’s time for the party to move on, to the [Virginia Gov. Glenn] Youngkins and [Senator] Tim Scott, let them transform the party into what it should be.”
Private equity CEO Stephen Schwarzman, who donated $3 million to Trump in 2020, is also done.
He stated, “It is time for the Republican Party to turn to a new generation of leaders and I intend to support one of them in the presidential primaries.
“America does better when its leaders are rooted in today and tomorrow, not today and yesterday.”
Citadel hedge fund CEO and founder Ken Griffin is also taking his $60 million in donations and moving over to DeSantis.
He stated, “He did a lot of things really well and missed the mark on some important areas.
“And for a litany of reasons, I think it’s time to move on to the next generation.”
When you add that Trump’s main PAC, Save America PAC, did not donate any money to mid-term candidates while taking in about $250 million, I have a hard time believing the small money donors will continue to pony up cash.
Trump is in for a tough campaign both financially and in the polls.
It would be surprising to see him come out of this race in a strong position even if he does take the nod.
Source: New York Post