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CentralMass's Journal
CentralMass's Journal
July 31, 2021

From January: These 10 Billionaires Went All-In Trying to Get Donald Trump Reelected

"Meet the top individual financiers of the “Coup Caucus.”
"On the Republican side, IPS’s Chuck Collins and Omar Ocampo have compiled a list of 63 billionaires, with estimated combined assets of almost $244 billion, who helped bankroll this post-election fiasco by giving generous personal contributions to Trump Victory—the joint fundraising venture set up between the Trump 2020 campaign and the Republican National Committee after the 2018 midterms to secure the reelection of Trump and his congressional loyalists. This group represents just a fraction of America’s estimated 788 billionaires, but its steadfast support has been enough to put—and keep—many a reality-denying scoundrel in office."
"Here’s a guide to the Top 10 billionaire Trump Victory donors, plus a few bonus bagmen, based on IPS’s research and data from the Federal Election Commission campaign finance database. All donations below are for the 2020 election cycle, and with a few minor exceptions, all went to Republicans. Figures are rounded and include contributions in the name of the billionaire’s current spouse."

"The Top 10 Billionaire Trump Victory Donors
Kelcy Lee Warren
Net worth (est.): $2.9 billion
Source of wealth: Gas pipelines; Chair and CEO of Energy Transfer Partners
Giving to Trump Victory (2020 cycle): $2.3 million
Overall federal giving (2020 cycle): $17 million
Fun fact: When he’s not busy bickering with activists over projects like the Dakota Access Pipeline, Warren enjoys writing melancholy country ballads.

Isaac Perlmutter
Net worth (est.): $5.8 billion
Source of wealth: retired CEO of Marvel Entertainment
Trump Victory: $1.9 million
Overall: $26 million
Fun fact: In August 2018, ProPublica revealed that Perlmutter and two fellow members of Trump’s Mar-a-Lago club were given leave to dictate doings at the Veterans Affairs department, where they “hovered over public servants without any transparency, accountability or oversight.” The three men spoke daily with VA officials “reviewing all manner of policy and personnel decisions.” And VA “officials travelled to Mar-a-Lago at taxpayer expense to hear their views. ‘Everyone has to go down and kiss the ring’ a former administration official said.”

Kenny Troutt
Est. net worth: $1.5 billion
Source of fortune: telecom; founded Excel Communications
Trump Victory: $1.9 million
Overall: $5 million
Fun fact: Troutt owns a 2,400-acre Kentucky thoroughbred farm whose notable pedigree includes 2010 Derby winner Super Saver, 2010 Belmont Stakes winner Drosselmeyer, 2016 Belmont Stakes winner Creator, and Justify, the horse that took the 2018 Triple Crown. Alas, Troutt backed the wrong horse in 2020.

Robert Duggan
Net worth (est.): $2.6 billion
Source of fortune: biotech and investing; former CEO of Pharmacyclics
Trump Victory: $1.6 million
Overall: $4.3 million
Fun fact: Duggan is a devoted Scientologist, and one of the Church of Scientology’s top donors, if not its biggest, with total contributions exceeding $360 million. “I’m not looking for bragging rights,” he told the Tampa Bay Times in 2019. “I read something from [Scientology founder L. Ron Hubbard] every day and I apply it all throughout my life.”

Steve Wynn
Net worth (est.): $3 billion
Source of fortune: casinos; developed the Mirage, the Golden Nugget, and the Bellagio, among others
Trump Victory: $1.5 million
Overall: $15 million
Fun fact: Wynn resigned as a Republican National Committee finance chair in January 2018 after a Wall Street Journal report revealed allegations of sexual harassment against him.

Phillip Gene Ruffin
Net worth (est.): $2.3 billion
Source of fortune: casinos; owns Treasure Island and Circus Circus
Trump Victory: $1.4 million
Overall: $2.7 million
Fun fact: Ruffin, co-owner of the Trump International Hotel in Las Vegas, had Trump as best man at his third wedding. In October 2016, Ruffin told Fox News’ Lou Dobbs that Trump’s handshake is “better than any contract.”

Diane Hendricks
Net worth (est.): $8 billion
Source of fortune: roofing materials; she and her late husband cofounded ABC Supply
Trump Victory: $1.2 million
Overall: $10 million
Fun fact: Hendricks—Wisconsin’s wealthiest woman, and said to be America’s wealthiest “self-made” woman—was also among the top donors to Scott Walker, the state’s anti-union Republican governor. She also reportedly gave Walker $500,000 to fend off a 2012 recall attempt. The Milwaukee Journal-Sentinel later reported that Hendricks paid zero in state taxes from 2012 to 2014.

Sheldon Adelson
Net worth (est.): ~$36 billion
Source of fortune: casinos; founded Las Vegas Sands Corp.
Trump Victory: $1.2 million
Overall: $220 million
Fun fact: Although Sheldon died this past week, he and his wife, Miriam, were not merely Donald Trump’s top donors, they led the pack in all federal giving during the 2020 cycle. Sheldon’s heirs certainly won’t starve. Some time back, Bloomberg reported that the Adelsons deployed a series of complex trusts to transfer at least $7.9 billion to them, thereby avoiding $2.8 billion in federal gift and estate taxes.

Daniel Andrew Beal
Net worth (est.): $7.5 billion
Source of fortune: banking; founded Beal Bank
Trump Victory: $1.2 million
Overall: $1.6 million
Fun fact: Beal, a numbers whiz, is known in math circles for sponsoring a prize related to a formula called the Beal Conjecture. If you can prove or disprove it, he will give you $1 million. (Trump did not solve the conjecture, of course, but he managed to get lots of Beal’s cash anyway.)"
July 2, 2021

John Prine- How Lucky

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