The heir to cosmetic brand Estée Lauder’s fortune and the retired CEO of Marvel Entertainment are among the billionaire donors to outgoing President Donald Trump’s 2020 presidential campaign, a new report has revealed.
The Institute for Policy Studies has identified a whopping 63 US billionaires, who gave a combined US$33 million to the Trump Victory Fund - the fundraising account for the Trump 2020 campaign and the Republican National Committee - in the last two years.
Of those, the top 10 donors, who have a combined wealth of US$244 billion, donated more than US$15 million to the fund, with many donating more to various Trump campaign groups.
Here’s the full list:
Kelcy Lee Warren (CEO of Energy Transfer Partners, worth US$2.9 billion)
Isaac Perlmutter (Retired CEO of Marvel Entertainment, worth US$5.8 billion)
Kenny Troutt (Founder of Excel Communications, worth US$1.5 billion)
Robert Duggan (Biotech investor, worth US$2.6 billion)
Steve Wynn (Casino magnate, worth US$3 billion)
Phillip Gene Ruffin (Casino owner, worth uS$2.3 billion)
Diane Hendricks (Owner of home supplier ABC Supply, worth US$8 billion)
Sheldon Adelson and wife Miriam Adelson (Casino megadonors, worth US$35.9 billion)
Daniel Andrew Beal (Texas banker, worth US$7.5 billion)
David Duffield (Software entrepreneur, worth US$13.3 billion)
Estée Lauder heir, Ronald Steven Lauder, worth US$5.2 billion, and Johnson & Johnson heir Robert Wood Johnson IV, worth US$2.5 billion, were also revealed to be notable donors to Trump’s campaign.
Trump loses major lender
The report comes as major global bank Deutsche Bank revealed it would no longer do business with Trump, after lending to him since the late 1990s.
The bank was reportedly growing tired of the “serious collateral damage” and bad press caused by the relationship with Trump.
Trump will face a charge of “incitement of insurrection”, as House Democrats attempt to remove the President from office before his term ends on 20 January.
The charge relates to Trump’s role in the events that took place at the US Capitol on Wednesday 6 January, and a vote to impeach could take place this week.
If Trump is impeached, he stands to lose around $15.5 million in lost leave, pension and office staff.