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‘They have better things to do’ – Major Republican donors are staying away from Trump

  • Several of the Republican Party's biggest and most influential donors are signaling that they don't plan on helping fund former President Donald Trump's political operation, at least for now.
  • Wealthy financiers have instead opted to spend money on the GOP's efforts to take back Congress or to support other potential 2024 presidential candidates such as Ron DeSantis and Tim Scott.
  • Donors are also concerned about how Trump's organization is spending the money it has raised from smaller donations.
  • "Big money, sophisticated people are just losing interest in this s— show," said an advisor to longtime Trump allies in Silicon Valley.

Former U.S. President Donald Trump speaks during a press conference announcing a class action lawsuit against big tech companies at the Trump National Golf Club Bedminster on July 07, 2021 in Bedminster, New Jersey.Michael M. Santiago | Getty Images

Several of the Republican Party's biggest and most influential donors are signaling that they don't plan on helping fund former President Donald Trump's political operation, at least for the moment.

Wealthy financiers such as Stephen Ross and Larry Ellison have instead opted to spend money on the GOP's efforts to take back Congress during next year's midterm elections or have shown support for potential 2024 presidential candidates such as Sens. Marco Rubio of Florida and Tim Scott of South Carolina.

Donors are also concerned about how Trump's organization is spending the piles of money it has raised from smaller donations.

"Big money, sophisticated people are just losing interest in this s— show," said an advisor to longtime Trump allies in Silicon Valley. Many donors are tired of seeing the former president use his resources on rallies during which he often makes false claims including that the election was stolen from him, this person said.

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