Forbes Daily Briefing

The Billionaire Donors Behind Trump’s Midterm Superweapon


Listen Later

Last year, the GOP’s legacy donor class and its newer crop of tech and finance billionaires found common cause: writing enormous checks to support Donald Trump. 

In February, billionaire Kelcy Warren and his fossil fuel pipeline company, Energy Transfer, each sent $12.5 million to MAGA Inc., a Trump-aligned super PAC. Just a few months later, OpenAI cofounder and president Greg Brockman and his wife cut checks for $12.5 million each. 

That makes Warren and Brockman the biggest individual donors to MAGA Inc. But the roster is deeper than two names and four eight-figure checks. Forbes counts at least 24 billionaires or billionaire families who have given over $1 million, according to Federal Election Commission filings covering through the end of March. (Brockman is not currently on Forbes’ list of billionaires, but he did claim to be one in testimony related to Elon Musk’s lawsuit against OpenAI). Collectively, these ten-figure club members, plus Brockman, donated $118 million, about a third of the $350 million war chest MAGA Inc has built.

By Kyle Khan-Mullins,

Forbes Staff

Learn more about your ad choices. Visit megaphone.fm/adchoices

...more
View all episodesView all episodes
Download on the App Store

Forbes Daily BriefingBy Forbes

  • 4.3
  • 4.3
  • 4.3
  • 4.3
  • 4.3

4.3

16 ratings


More shows like Forbes Daily Briefing

View all
Economist Podcasts by The Economist

Economist Podcasts

4,137 Listeners

Motley Fool Hidden Gems Investing by The Motley Fool

Motley Fool Hidden Gems Investing

3,221 Listeners

WSJ Your Money Briefing by The Wall Street Journal

WSJ Your Money Briefing

1,713 Listeners

WSJ What’s News by The Wall Street Journal

WSJ What’s News

4,374 Listeners

World Business Report by BBC World Service

World Business Report

292 Listeners

Odd Lots by Bloomberg

Odd Lots

1,997 Listeners

WSJ Tech News Briefing by The Wall Street Journal

WSJ Tech News Briefing

1,653 Listeners

HBR IdeaCast by Harvard Business Review

HBR IdeaCast

137 Listeners

WSJ Minute Briefing by The Wall Street Journal

WSJ Minute Briefing

683 Listeners

Wall Street Breakfast by Seeking Alpha

Wall Street Breakfast

1,035 Listeners

Steve Forbes: What's Ahead by Forbes

Steve Forbes: What's Ahead

505 Listeners

The Journal. by The Wall Street Journal & Spotify Studios

The Journal.

6,075 Listeners

The World in Brief from The Economist by The Economist

The World in Brief from The Economist

1,075 Listeners

Reuters World News by Reuters

Reuters World News

303 Listeners

Bloomberg Daybreak: US Edition by Bloomberg

Bloomberg Daybreak: US Edition

79 Listeners

Forbes Topline by Forbes Media LLC

Forbes Topline

6 Listeners

Forbes Newsroom by Forbes

Forbes Newsroom

3 Listeners