Donald Trump is reportedly using a high-profile fundraising event at the opulent residence of a billionaire to highlight his unification of the Republican megadonor community.
However, the most significant donor has not yet contributed financially, reported The Wall Street Journal.
Miriam Adelson and her late husband Sheldon Adelson, who were the primary contributors to Trump’s 2020 campaign with a total of $90 million in donations, have yet to contribute to Trump’s 2024 reelection campaign.
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Trump’s Megadonor Dilemma: Adelson is part of a group of prominent figures who have not yet committed. This group also includes Blackstone Inc. (NYSE:BX) Chief Executive Officer Stephen Schwarzman and Elliott Management’s Paul Singer.
As Trump confronts a better-funded President Biden in what is anticipated to be the most costly general election ever, he will require all available assistance, particularly as he diverts some donations to cover legal expenses.
Trump is increasingly seeking favor from the megadonor elite, which includes Miriam Adelson, one of the wealthiest women globally.