Home Editor's Picks Packaging billionaires to help fund Trump campaign, FT reports

Packaging billionaires to help fund Trump campaign, FT reports


Packaging billionaires to help fund Trump campaign, FT reports By Reuters

Breaking News



Published Mar 09, 2024 10:02AM ET

© Reuters. FILE PHOTO: Republican presidential candidate and former U.S. President Donald Trump reacts as he speaks at a watch party event to mark the Super Tuesday primary elections at his Mar-a-Lago property, in Palm Beach, Florida, U.S. March 5, 2024. REUTERS/Mar

WASHINGTON (Reuters) – Conservative billionaires Liz and Dick Uihlein will help fund Donald Trump’s campaign, giving the former president financial support as he seeks to catch a fundraising lead built by President Joe Biden, the Financial Times said on Saturday.

The Uihleins, who founded the Uline shipping and packaging company from their basement in 1980, had donated to the Republican primary campaign of Florida Governor Ron DeSantis, who dropped out of the race in January.

Uline did not immediately respond to a request for comment from Reuters.

The couple’s decision came after the former president won 14 out of 15 states in the Super Tuesday primaries and his last Republican rival, Nikki Haley, quit the race, the FT said.

Trump has fallen behind Biden in fundraising ahead of the Nov. 5 general election. Trump’s cash holdings dropped to just over $30 million at the end of January, down from around $33 million a month earlier, his campaign told the Federal Election Commission.

Biden, facing a less competitive process for his Democratic Party’s nomination, told the FEC his campaign ended January with about $56 million in cash, up from $46 million in December.

The Uihleins had each given $1.5 million to DeSantis and Liz Uihlein told the FT she would give a similar amount to Trump.

The Wisconsin-based couple have given more than $250 million to federal candidates and political groups since the 2016 election cycle, the FT said, citing the nonprofit OpenSecrets. They backed Trump in the two previous elections, before seeking an alternative candidate to support for the 2024 race.

In an interview with the newspaper, Liz Uihlein said both Trump and Biden were already well-known to voters and she wondered how much donations helped at this stage.

“These two guys are very well-defined,” she told the FT. “I don’t understand why everybody has to give all this money.”

Packaging billionaires to help fund Trump campaign, FT reports

Our Apps

Terms And Conditions
Privacy Policy
Risk Warning
Do not sell my personal information

© 2007-2024 Fusion Media Limited. All Rights Reserved.

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Related News