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Oracle's Larry Ellison gears up to spend millions to back Tim Scott's 2024 run
CNBC co-founder and Republican megadonor Larry Ellison is preparing to spend millions of dollars backing Sen. Tim Scott’s run for president.
The plans have been in motion since the 2022 midterms, when Ellison donated $30 million to a pro-Scott super PAC, Opportunity Matters Fund, according to people familiar with the Oracle executive chairman’s plans. People who declined to be named for this story did so in order to speak freely about private planning and deliberations.
A Republican strategist and fundraiser close to Ellison told CNBC that the businessman’s donations to the super PAC this time are likely to at least double what he gave in 2022.
The super PAC during the midterms backed Scott and spent millions more for other Republicans running for Senate seats, including just under $2 million for failed Georgia Senate candidate Herschel Walker, according to the nonpartisan OpenSecrets. The Opportunity Matters Fund PAC has been rebranded for Scott’s White House run with a new name: Trust In The Mission PAC, or TIM PAC.
The plans have been in motion since the 2022 midterms, when Ellison donated $30 million to a pro-Scott super PAC, Opportunity Matters Fund, according to people familiar with the Oracle executive chairman’s plans. People who declined to be named for this story did so in order to speak freely about private planning and deliberations.
A Republican strategist and fundraiser close to Ellison told CNBC that the businessman’s donations to the super PAC this time are likely to at least double what he gave in 2022.
The super PAC during the midterms backed Scott and spent millions more for other Republicans running for Senate seats, including just under $2 million for failed Georgia Senate candidate Herschel Walker, according to the nonpartisan OpenSecrets. The Opportunity Matters Fund PAC has been rebranded for Scott’s White House run with a new name: Trust In The Mission PAC, or TIM PAC.
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