Key Trump campaign donor steps back from supporting president’s 2020 election bid

https://news.yahoo.com/key-trump-campaign-donor-steps-174332628.html

Danielle Zoellner
,The Independent•July 24, 2020

One of Donald Trump‘s top presidential donors from 2016 has taken a step back from supporting his latest election bid.

Robert Mercer, a billionaire hedge-fund manager, donated $15.5m with his wife, Diana, to a number of organisations that supported Mr Trump and his campaign efforts in 2016. The couple also put up another $1m for the inaugural committee.

Not only did Mr Mercer and his family provide needed donations for the campaign, but they also brought Cambridge Analytica, a data company funded by the billionaire, into the fold.

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In 2016, the president was also trailing the then-Democratic candidate Hillary Clinton. But he had deep financial backing, which was led by Mr Mercer and his daughter Rebekah.

Five people in the same sphere as the Mercer family have told Business Insider it was unlikely the billionaire would re-emerge prior to November with funding for the president.

A Republican Party official close to the Trump campaign, who spoke on condition of anonymity to Business Insider, said the campaign was not expecting to receive financial or any other support from the Mercer family.

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