Trump Is Expected To Raise $43 Million In Fundraising Event But Is Missing Support From One Key Donor Who Fueled 2020 Campaign
Portfolio Pulse from Nabaparna Bhattacharya
Donald Trump is leveraging a high-profile fundraising event to unite the Republican megadonor community for his 2024 reelection campaign. Despite raising an expected $43 million, Trump lacks financial support from key donors like Miriam Adelson, who, along with her late husband Sheldon, contributed $90 million to Trump's 2020 campaign. Other notable absentees include Blackstone Inc.'s CEO Stephen Schwarzman and Elliott Management's Paul Singer. Trump's legal expenses are consuming a significant portion of donations, adding pressure to secure more funds. Miriam Adelson's eventual contribution is anticipated, reflecting the complex dynamics between Trump and his major donors.
April 06, 2024 | 3:46 pm
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Blackstone Inc.'s CEO Stephen Schwarzman, a notable absentee in Trump's fundraising efforts, could influence investor perception of Blackstone's political affiliations and its leadership's stance on political funding.
While the article mentions Stephen Schwarzman's absence in Trump's fundraising efforts, it does not directly link this to Blackstone Inc.'s operations or financial performance. The mention may lead to speculative discussions among investors regarding Blackstone's political affiliations and the implications for its leadership's decision-making. However, without direct evidence of an impact on Blackstone's business or financials, the short-term impact on BX stock is likely neutral.
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