Global Independent Analytics

Trump hits jackpot

GOP mega-donor Adelson to give Trump up to $100 million for his campaign

FoxNews reports: Billionaire Republican donor Sheldon Adelson is reportedly willing to give Donald Trump as much as $100 million for his presidential campaign -- a purported record-setting amount for the wealth casino magnate.

Adelson pledged the amount to Trump, the presumptive GOP presidential nominee, during a meeting last week in New York, two GOP sources revealed.

Actually, Trump will indeed need that kind of support: the lion’s share of his success in the primary race is beholden to his ability to fund his own campaign and tell voters that he is not beholden to corporate, Wall Street or lobbyists’ interests.

However, with the help of his own wealth and small donations only he is no match for Hillary Clinton and the Democratic machine behind her if the front-running Clinton becomes Trump’s general election opponent.

Trump has since being proclaimed to be the most likely nominee on May 3 met with Washington Republicans to begin coordinating fundraising efforts for his general election bid and those of other Republican candidates on November ballots.

The Times reports that the Las Vegas-based Adelson’s commitment to Trump will result in Adelson scaling back his donations to congressional Republicans, who are in a desperate fight to keep control of the Senate.

Trump admitted that he has already loaned his primary campaign $50 million and would need as much as a $1 billion for a White House bid.

Exactly how Adelson would contribute to Trump’s effort is unclear. But such a large sum would require him, after giving directly to the Trump campaign, to donate through a super PAC because they allow unlimited donations. (Trump so far has been outspoken about the amount of influence super PACs have in politics.)

 

By Stefan Paraber for GIA.

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