By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > Donald Trump donor pours cash into Robert Kennedy Jr’s White House run
News

Donald Trump donor pours cash into Robert Kennedy Jr’s White House run

News Room
Last updated: 2023/07/31 at 7:59 PM
By News Room
Share
3 Min Read
SHARE

Receive free US presidential election 2024 updates

We’ll send you a myFT Daily Digest email rounding up the latest US presidential election 2024 news every morning.

A top Republican donor who helped fund Donald Trump’s past presidential runs is helping to bankroll Robert F Kennedy Jr’s long-shot White House bid, as conservative cash keeps flowing to Joe Biden’s main challenger for the Democratic nomination.

According to federal filings released on Monday, Timothy Mellon gave $5mn to American Values, the main political action committee, or outside spending group, supporting Kennedy’s White House bid. Mellon, 81, is the grandson of Andrew Mellon, the former US Treasury secretary and senior banker, and a former executive in the transportation and infrastructure sector.

Mellon’s support for Kennedy highlights the extent to which Biden’s rival is attracting money and sympathy from conservative circles as he tries to mount a credible fight for the party’s nomination.

Kennedy’s scepticism of vaccinations and questioning of US support for Ukraine’s war effort have drawn support from some Republicans, who also see his candidacy as likely to weaken Biden heading into the general election. Mellon was one of Trump’s top donors in previous election cycles, and has championed stringent curbs on immigration that are typically opposed by Democrats.

Kennedy, who is the nephew of the late former president John F Kennedy, has attracted criticism for embracing a number of conspiracy theories, most recently when a tape emerged of him claiming that Covid-19 was “ethnically targeted” to spare Ashkenazi Jews and Chinese people.

Kennedy remains far from posing a serious threat to Biden in the race for the Democratic nomination. According to the Realclearpolitics.com polling average, Biden has the backing of 63.2 per cent of Democrats, whereas Kennedy is supported by 13.7 per cent — a level that has steadily declined after reaching 20 per cent in early May.

But if Kennedy has enough funding to keep his White House bid alive, it could become a big thorn in Biden’s side, forcing the Democrat leader to spend energy and campaign money that he would otherwise have deployed in the general election.

Overall, American Values raised $9.8mn in the first six months of the year, according to the federal filings, and an additional $6.5mn in July, according to its press release. The other top donor to the PAC was Gavin de Becker, a security consultant close to billionaire tech executive Jeff Bezos, who has previously donated to Democrats and Republicans. De Becker gave $4.5mn to American Values.

Other top Kennedy supporters include Patrick Byrne, the former chief executive of Overstock.com, and venture capitalist Chamath Palihapitiya, as well as a large contribution from a group funded by Silicon Valley investor David Sacks.

Read the full article here

News Room July 31, 2023 July 31, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Why Nvidia, Google, and Uber still control the market

Watch full video on YouTube

Why Trump Is Targeting Federal Reserve Chair Jerome Powell

Watch full video on YouTube

Netflix, Inc. (NFLX) Q4 2025 Earnings Call Transcript

FollowPlay Earnings CallPlay Earnings Call Netflix, Inc. (NFLX) Q4 2025 Earnings Call…

America’s barbarian turn

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

Russia knocks out power, heating and water to Ukraine’s freezing capital

Russia unleashed another massive barrage of missiles and drones on Kyiv overnight,…

- Advertisement -
Ad imageAd image

You Might Also Like

News

Netflix, Inc. (NFLX) Q4 2025 Earnings Call Transcript

By News Room
News

America’s barbarian turn

By News Room
News

Russia knocks out power, heating and water to Ukraine’s freezing capital

By News Room
News

Comus Investment 2025 Annual Letter

By News Room
News

Trump names Tony Blair, Jared Kushner and Marc Rowan to Gaza ‘Board of Peace’

By News Room
News

Is the US about to screw SWFs?

By News Room
News

KRE ETF: Stabilization With A CRE Overhang (NYSEARCA:KRE)

By News Room
News

Goldman and Morgan Stanley investment bankers ride dealmaking wave

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?