Donald Trump turned his legal troubles into a fundraising success by raising $53 million in 24 hours right after his conviction on 34 charges.
His campaign donation platform crashed from the flood of contributions.
High-profile billionaires, once distanced after the Capitol riot, now support him again, drawn by promises of tax cuts and a strong stance on Israel.
Steve Schwarzman, CEO of Blackstone Group, openly supports Trump, marking a significant shift among wealthy influencers.
At a Manhattan fundraiser, Schwarzman criticized current policies and favored change, reiterating his support for Trump.
Beyond fiscal policies, some billionaires see Trump’s legal issues as political persecution, strengthening their support.
Omeed Malik of 1789 Capital, hosted a fundraiser attracting Wall Street giants, showing solid backing for Trump.
Elon Musk also defended Trump post-verdict, undermining public trust in legal systems. He hinted at considering Trump for a potential cabinet role, signaling a renewed alliance.
Nelson Peltz, Bill Ackman, and Miriam Adelson are active supporters.
Adelson, in particular, is heavily funding Trump’s campaign, aiming to exceed her previous contributions.
The tech sector, represented by David Sacks and Chamath Palihapitiya, is also involved, organizing a fundraiser to address governance issues related to Trump’s legal proceedings.
Despite controversies, Trump’s campaign continues to gain momentum, notably raising $76 million in April alone, outpacing Biden.
At a Mar-a-Lago event, Trump sought $1 billion from oil executives, promising to roll back regulations and maintain tax benefits for the industry.
This robust support from billionaires reflects deep loyalty and strategic alignments.
It highlights Trump’s sustained influence and the complex interaction of politics and business in American electoral dynamics.
This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. How we use AI · Report an error