The big lenders turn their backs on Trump (and look to DeSantis) – Corriere.it

The big lenders turn their backs on Trump (and look to DeSantis) – Corriere.it
The big lenders turn their backs on Trump (and look to DeSantis) – Corriere.it
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from Massimo Gaggi

The Donald has lost the support of many in his party, and is seeing the backing of major Conservative financiers fade as well

In his third challenge for the conquest of the White House, Donald Trump will be able to count on an army of loyalists ready to follow him everywhere, but he has already lost the support of many members of his party who are now looking elsewhere, and he is also seeing the support of big conservative lenders who had been by his side for years.
The Billionaire Hemorrhage that began with Ken Griffin
trustee of the Citadel fund and second largest funder of Republican candidates in the midterm elections (donated $60 million) which even before the vote of 8 November he declared to be ready to support Ron DeSantis for the 2024 presidential elections.

The Florida governor is becoming a catalyst for many wealthy conservatives tired of Trump’s unpredictability, brutality and lack of respect for democratic rules but not his policies.


The perspective of a trumpism without Trump the one that also pushed Stephen Schwarzman
, big boss of the Blackstone fund and historic ally of the former president, to turn his back on him on the eve of his announcement of re-nomination: time to give way to a new generation of Republicans.


Interactive group founder Thomas Peterffy
and the financier Andy Sabin followed closely behind Schwarzman while Ronald Lauder, owner of half of Este Lauder, has made it known that he will no longer finance Trump, as he has done in the past. Stephen Ross, who in the past has donated and organized fundraisers for Trump and who matters a lot in Florida – the king of real estate developers and the owner of the Miami Dolphins football team – has not yet expressed himself publicly, but has made it known that he is ready to support DeSantis. According to some even Oracle’s Larry Ellisonanother historical friend of Trump, would be considering a change of horse.

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We are still far from the 2024 presidential campaign and DeSantis is not yet talking about his candidacy, but all the conditions are already there for the haemorrhage of Trump’s lenders to become an avalanche: apart from the billionaire publisherRupert Murdoch
who, instead of with his wallet, votes with his newspapers, hostile to Trump’s re-nomination while also the Fox News TV network becomes less and less Trumpian, to follow the increasingly conflicting relationship between the former president and the Club of Growth: this body that promotes right-wing economic policies, the expression of various Republican tycoons and above all of the ultra-conservatives Jeffrey Yass (billionaire financier and investor in TikTok) and Richard Uihlein (Schlitz beer and industrial supplies), during the midterm campaign he supported alternative candidates to the extreme ones of Trump and rejected his curt requests to change course. Trump is rich and could do it himself, but he doesn’t want to invest his own money in the campaign. And then, loses fellow travelers of a lifetime.

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November 17, 2022 (change November 17, 2022 | 21:26)

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The article is in Italian

Tags: big lenders turn backs Trump DeSantis Corriere .it