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Forbes Daily Briefing

Here Are J.D. Vance’s Biggest Billionaire Donors

Forbes Daily Briefing

Forbes

Business, Tech News, News

4.418 Ratings

🗓️ 22 July 2024

⏱️ 5 minutes

🧾️ Download transcript

Summary

The richest donors to his 2022 Senate bid included stalwart Republican megadonors and Silicon Valley billionaires. Some have yet to put their weight behind the Republican ticket.

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Transcript

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0:00.0

Here is your Forbes Daily Briefing for Monday, July 22nd.

0:05.0

Today on Forbes, here are J.D. Vance's biggest billionaire donors.

0:10.0

Donald Trump's running mate, Ohio Senator J.D. Vance, has always had a dual appeal.

0:16.0

He comes from the Russ Belt, the impoverished southwest corner of Ohio he details in Hillbilly Elegy,

0:22.0

but he has excelled in the centers of America's elite at Yale

0:25.7

Law School and the VC firms of Silicon Valley.

0:29.6

He drew on that appeal as a Senate candidate in 2022. He brought in donations from

0:34.0

staples of the Republican donor base including Elizabeth Uline and Kelly Loeffler.

0:38.4

But he also pulled in large sums from tech billionaires like Roku's Anthony Wood and Oculus's Palmer Lucky.

0:45.0

His partner at the top of the Republican ticket doesn't need much help fundraising.

0:49.0

Trump is pulling ahead in the money race and recently received one of the largest one-time

0:53.5

donations in American history. But he still won't turn down extra cash and some of the

0:58.6

biggest billionaire backers of Vance's 2022 Senate run have not yet given to Trump.

1:04.0

One of those backers is hedge fund billionaire Paul Singer,

1:07.0

who met with Trump recently, but apparently told the former president

1:10.0

he preferred a different VP candidate.

1:12.0

Luckily not all these billionaires feel the same.

1:15.0

Real estate developer Richard Kurtz

1:17.0

told Forbes that Vance was a quote,

1:19.0

perfect pick and said he recommended him to Trump earlier this year.

1:24.0

The potential Vip himself might also take some credit for bringing the world's richest man fully

1:28.5

into the maggophold.

...

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