An aversion to taxes and regulation explains why so many billionaires tend to vote Republican. But what is driving prominent tech and finance tycoons—David Sacks, the Winklevoss twins, Stephen Schwarzman, Kelcy Warren, John Paulson, and Nelson Peltz, to name a few—to court a return of Trump?
Almost all vowed never again after he lied about the 2020 election results and fanned the January 6 insurrection. And yet, here they are, giving as much money as campaign-finance law allows to re-elect Trump. The New York Times reported on Friday that Timothy Mellon, a reclusive heir to the banking fortune, recently donated $50 million to Trump’s PAC—among the largest disclosed gifts of this election campaign so far.
