The Slatest

Several Big Republican Donors Refuse to Contribute to Trump’s Candidacy

Donald Trump after winning the New York Republican primary on April 19, 2016 in New York City.  

John Moore/Getty Images

Donald Trump may have sealed the peace with the Republican Party and a few of those who once criticized him. Yet his ability to raise $1 billion before November is in doubt, as several powerful donors who have given tens of millions to the GOP over the years refuse to get behind Trump’s presidential candidacy. The New York Times got in touch with 50 of the GOP’s largest donors or their representatives and found “a measure of contempt and distrust toward their own party’s nominee that is unheard of in modern presidential politics.” More than a dozen of them flat out refuse to back Trump.

Some of those who are refusing to back Trump will surely come around. Others, however, speak in terms that make it clear they want nothing to do with the real estate mogul and reality television star. “If it is Trump vs. Clinton,” hedge fund manager William Oberndorf said, “I will be voting for Hillary.” He’s hardly alone. “He’s an ignorant, amoral, dishonest and manipulative, misogynistic, philandering, hyper-litigious, isolationist, protectionist blowhard,” investor Michael K. Vlock said.

The resistance from the megarich may be a sign that Trump could very well become the first Republican presidential candidate to be outspent by a Democrat in decades. Some, however, are vowing to stand by Trump. One of them is Foster Friess, who sent an email to the Hill on Saturday explaining his reasoning for supporting the presumptive nominee. “I believe that as Republicans continue to unite behind Donald Trump, he’ll become an even better candidate,” he said.

Donald Trump’s first venture into the land of official GOP fundraisers will take place on Wednesday in Los Angeles at an event where tickets go for at least $25,000.

Read more Slate coverage of the 2016 campaign.