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Donald Trump may be a billionaire who self-funded a good portion of his primary run to the Republican nomination, but that doesn’t mean he’s liquid enough to put up the $1 to $2 BILLION it will take to run a credible national campaign against Hillary Clinton and her massive DNC warchest.
The presumptive nominee got some good news on that front last week when billionaire casino magnate Sheldon G. Adelson pledged Trump more than he’s ever given to a political campaign. According to two Republicans with direct knowledge of the commitment who spoke with the New York Times, Mr. Adelson is willing to pledge upwards of $100 million to support the Trump campaign.
The two Republicans, who spoke anonymously, said the Las Vegas billionaire plans to scale back his giving to congressional campaigns – in 2012 he spent $98 million over 34 different campaigns – and instead focus on Trump’s shot at the Presidency.
This news is especially good for a campaign that likely won’t be receiving anything from the billionaire Koch brothers, who have apparently decided that Hillary Clinton would make a better President than Donald Trump.
In a meeting with the 84-year-old Mr. Adelson and his wife, Miriam, at the St. Regis Hotel in Midtown Manhattan, Trump affirmed his commitment to protecting Israel’s security – an important cause for the Jewish magnate.
Although Adelson gave significantly to Ted Cruz and even Marco Rubio during the primaries, earning him some Twitter criticism from Trump himself, these fences have been readily mended. Adelson even wrote a Washington Post op-ed on Friday, describing Trump as, “…a candidate with actual CEO experience, shaped and molded by the commitment and risk of his own money rather than the public’s,” who has “created a movement in this country that cannot be denied.”
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