Wall Street Megadonors Are Lining Up In Support Of One Potential 2024 GOP Candidate, And It’s Not Donald Trump

I'm sure Trump will take this well.


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According to Bloomberg, former President Donald Trump has been teasing his supporters about a 2024 run, but Wall Street megadonors aren’t in his corner this time. And the twice-impeached one-term president could probably use the cash since he’s inundated with investigations.  This time, Gov. Ron DeSantis is their choice, and I don’t think Trump will take that very well. One donor contributed to Trump in previous years, but not this time.

“A fifth of the $55 million that DeSantis has raised this year came from hedge fund billionaires, private equity bankers, investment managers, and other finance industry donors,” the outlet reports. “Trump, who got less than 2% of his 2020 reelection funds from Wall Street, has raised the bulk of his $100 million war chest from small-dollar donors.”

“Ron DeSantis is my favorite man,” says Thomas Peterffy, 76, the billionaire chairman of Greenwich, Conn.-based Interactive Brokers, who gave $250,000 to DeSantis’s political action committee in April,” the report continues. “Although he donated hundreds of thousands to Trump in 2016 and 2017, he says he would rather the former president sit out 2024. Compared with the impulsive Trump, DeSantis “does much more substantial planning,” Peterffy says. “He thinks about how he wants to implement things. He gives himself time to think it through.”‘

‘”I think the Wall Street guys love that Governor DeSantis has guts and was willing to keep Florida open, to keep the economy going in our state,” says Nick Iarossi, a lobbyist in Tallahassee authorized by the governor to speak about fundraising,’ the outlet reports. ‘DeSantis has reached national prominence by pushing back on pandemic shutdowns and mask mandates.’

According to the outlet, most of the hefty checks for the Florida governor came from donors who steered clear of Trump in 2020. Still, DeSantis raked in about $1 million from dozens of former Trump backers in the financial industry, including billionaire John Paulson.

Trump still has a dedicated base, but DeSantis is aiming at grassroots donors, too. Trump is a very jealous man who wants to regularly consume attention — not have it taken away. It would seem that if a politician doesn’t take the pandemic seriously, that will bring in fewer donors, but we’re living in a strange time.

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