GOP Megadonor Pledges More Than $90 Million To Pro-Trump PAC As Biden’s Fundraising Lead Evaporates

Republican megadonor Miriam Adelson plans to pour tens of millions of dollars into a pro-Trump SuperPAC after flirting with other candidates in the primary.

The casino billionaire and her late husband, Sheldon Adelson, were Trump’s biggest donors in 2020 with more than $90 million in contributions to the Preserve America PAC.

According to a report from Politico, Adelson plans to once again contribute upwards of $100 million towards Trump’s campaign. Adelson, who is the principal shareholder of Las Vegas Sands and who also has a majority stake in the Dallas Mavericks with her son-in-law, has an estimated net worth of $33.3 billion, according to the Bloomberg Billionaires Index.

The news comes as former President Trump is rapidly closing narrowing Biden’s fundraising lead. In the hours following his conviction on 34 felony counts in the highly questionable Manhattan “hush money” case, the Trump campaign raised more than $50 million. The haul surpassed President Biden’s haul for the entire month of May.

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Trump has long held a major advantage over Biden in terms of small dollar donations.

According to FEC records, 35 percent of Biden’s 2024 re-election campaign donations have been from big donors, or contributions greater than $2,000. Just 38 percent of the president’s current campaign donations have come from small donors, or contributions valued between $1 and $200.

As for the Trump campaign, 61 percent of campaign funds have come from small donors while just nine percent have come from big donors. Between 2020 and 2024, President Biden’s total donations from big donors have increased by 10 percentage points, while the former president’s numbers have decreased by the same margin.

As the fundraising gap narrows, Trump is picking up support from a number of big money donors as well. Hedge fund billionaire Bill Ackman, who has campaigned against DEI policies and campus antisemitism in recent months, is likely to endorse Trump as well, according to a report from the Financial Times.

Tech investors David Sacks and Chamath Palihapitiya are hosting a Silicon Valley fundraiser for Trump on June 6, while X owner Elon Musk is now holding regular meetings with the former president.