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Meet the billionaire donors bankrolling Trump’s 2020 campaign



  • President Donald Trump has fewer billionaire supporters than his presumptive opponent, former Vice President Joe Biden — despite Trump being a billionaire himself.
  • The wife of a disgraced investor who was granted clemency by Trump gave the president’s campaign $12,500.
  • The billionaire founders of Ashley Furniture and Jimmy John’s each sunk thousands of dollars into Trump’s campaign.
  • Despite self-funding much of his 2016 bid, the president has not donated to his 2020 campaign.
  • Visit Business Insider’s homepage for more stories.

Donald Trump may be America’s first billionaire president — but he doesn’t seem to have won the billionaire vote.

The president is trailing his presumptive opponent, former Vice President Joe Biden, in his number of billionaire donors, according to an analysis of federal campaign records by Forbes. Still, Forbes reports that Trump’s campaign accepted donations from 90 billionaires during the current election cycle. While the president has added a few additional members of the three comma club to his donor roster, including West Virginia Governor Jim Justice, many of the president’s billionaire backers donated in 2016, as well.

For some of Trump’s donors, financially supporting the president came at a cost. Shoppers boycotted Home Depot after one of its cofounders pledged to donate a portion of his net worth to the president’s reelection efforts in July. Fitness chains Equinox, SoulCycle, and Blink Fitness faced similar fates in August after news broke that Stephen Ross, the chairman of their parent company, planned to host a fundraiser for Trump.

That’s not to say that Trump’s donors haven’t been treated well in other areas. One donor on this list serves as an informal advisor to the President, one was awarded the Presidential Medal of Freedom after donating, while others were granted clemency by Trump before writing donation checks.

Keep reading to learn more about some of the president’s most notable billionaire supporters, listed in no particular order. Only donations made to Trump’s campaign committee, Donald J. Trump For President, after his 2017 inauguration and reported to the Federal Election Commission are included.

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