In The News

GOP Megadonors Who Backed Trump In 2016 Won’t Support Him In 2024

Major Republican donors Robert and daughter Rebekah Mercer, who backed former President Donald Trump in 2016, will not back Trump in 2024, according to CNBC.

The Mercers, who donated $20 million to GOP PACs in 2016, made their decision while also deciding to cut back overall campaign spending, according to anonymous sources that spoke with CNBC. The Mercers join a growing list of major donors who formerly backed the former president but have since distanced themselves from Trump, including Blackstone CEO Steve Schwarzman, Citadel CEO Ken Griffin, businessman Andy Sabin and billionaire Ronald Lauder.

The Mercers spent millions to assist Trump in beating Hillary Clinton in 2016, yet their spending has decreased since then, with Robert Mercer only spending roughly $350,000 on Trump’s 2020 efforts, according to CNBC.

On Wednesday, major Republican donor Stephen Schwarzman announced that he will not support Trump’s 2024 run, saying he is “defecting” from Trump. Ken Griffin, founder of the Citadel hedge fund, also passed on supporting Trump, opting to endorse Florida Gov. Ron DeSantis.

“America does better when its leaders are rooted in today and tomorrow, not today and yesterday,” Schwarzman said. “It is time for the Republican Party to turn to a new generation of leaders and I intend to support one of them in the presidential primaries.”

Griffin called Trump a “three time loser” who needs to “see the writing on the wall” and not run in 2024.

Following Trump’s campaign announcement Tuesday, Republican leaders and voters have been hesitant to back the candidate, with South Carolina Republican Sen. Lindsay Graham, Minority Leader Kevin McCarthy and Republican Texas Sens. John Cornyn and Ted Cruz opting to wait and see how things go in Congress and the 2024 Republican primaries.

“I’m sure I’ll support the nominee of the Republican Party, but I think there’s likely to be a competitive primary election,” Cornyn said, according to the Tribune. Trump also polled lower than possible Republican presidential candidate DeSantis, 23% to 20%, respectively, according to a recent poll by YouGov.

Trump did not immediately respond to the Daily Caller News Foundation’s request for comment. The Mercers could not not immediately be reached for comment.

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact

Support Conservative Daily News with a small donation via Paypal or credit card that will go towards supporting the news and commentary you've come to appreciate.

Related Articles


  1. Trump is too abrasive and toxic and too hated to win in 2024. DeSantis has the best chance of winning I believe. Trump was a good President but I think the whole reason he wants to run is about revenge. And him attacking DeSantis wasn’t called for. He would look like an honorable man by backing DeSantis and the Republican Party and they would love Trump for it! But I am concerned he will instead take the Party down with him out of spite.

  2. I’ll wait and see what happens with funding. One of the big things about his last campaign was that most of his funding came directly from individual small amount donors. As for being abrasive, it got the job done with the rest of the world and our economy. We’ll see if the DoJ learned anything from the Mueller investigation with 40 attorneys and two years of waste to find out there was no “there” there.

  3. And most of us will not vote for any other republican nominee so make your because quite a few million of us are not going to support any other candidate.

  4. One last thing, you guys have your puppets in McConnell and McCarthy in place and we are not stupid. We will not support your RINO candidate or woke republican, Grow up and get a grip

  5. No biggies because the people will open up their wallets to fund Trump. These donors are probably the same swamp creatures that funded McConnell and helped him get re-elected as the Republican leader of the Senate. A corrupt RINO who funded Dems and other RINOs over MAGA candidates. Trump and MAGA Republicans are the party and without them all that is left are RINOs and cowards.

Back to top button