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Conservative Billionaire Couple Commit to Supporting Trump

In a move that will bolster Donald Trump’s campaign, conservative billionaires Liz and Dick Uihlein have committed to providing financial support to the former president as he seeks to narrow the fundraising gap between him and Joe Biden, according to the Financial Times report published on Saturday.

Couple’s Background 

Credits: DepositPhotos – Des Moines, Iowa, USA – August 12, 2023: Florida Republican Governor and presidential candidate Ron DeSantis greets supporters at the Iowa State Fair fair side chats in Des Moines, Iowa. — Photo by jhansen2

The couple, who founded the Uline shipping and packaging company out of their basement in 1980, had previously contributed to Florida Gov. Ron DeSantis’s campaign. 

The Florida governor paused his campaign in January this year.

Decision Following Trump’s Primary Success

Credits: DepositPhotos – NEW YORK, USA – Sep 21, 2017: Meeting of the President of the United States Donald Trump with the President of Ukraine Petro Poroshenko in New York — Photo by palinchak

While Uline was unable to respond to the media’s request for comment immediately, the Uihleins’ decision to support Trump follows the former president’s impressive performance in the Super Tuesday primaries. 

Haley’s Withdrawal Solidifies Trump’s Position

Credits: DepositPhotos – Nikki Haley delivers remarks at a “Pick Nikki Countdown to Caucus” event at Olympic Theater in Cedar Rapids, Iowa. January 11, 2024, Cedar Rapids, Iowa, USA: 2024 U.S. Presidential Candidate Nikki Haley continues to travel the U.S. State of Iow — Photo by thenews2.com

Additionally, the withdrawal of Nikki Haley, Trump’s rival, has essentially solidified his position as the presumptive nominee for the Republican Party, setting the stage for a rematch with Biden.

Financial Disparities Between Trump and Biden

Credits: DepositPhotos – NEW YORK, USA, JUN 17, 2020: Silhouette of republican candidate Donald Trump and democratic candidate Joe Biden. 2020 United States presidential election. US vote, Concept photo for November 3, 2020 — Illustration by kovop58@gmail.com

Despite his electoral success thus far, Trump has found himself lacking fundraising leading up to the November election. 

Cash Reserves Dwindled

Credits: DepositPhotos

Trump’s campaign disclosed to the Federal Election Commission that his cash reserves were just over $30 million by the end of January, down from approximately $33 million the previous month.

In contrast, Biden’s campaign reported an increase in cash holdings to about $56 million at the end of January.

Impact of Legal Expenses on Trump’s Finances

Credits: DepositPhotos

Trump’s continued mounting legal expenses, attributed to his legal battles involving 91 criminal counts across four cases, have further strained his financial resources.

The former president posted a $91.6 million bond towards covering up a defamation verdict that favored writer E. Jean Carroll.

Commitment from the Uihleins

Credits: DepositPhotos – Des Moines, Iowa, USA – August 12, 2023: Florida Republican Governor and presidential candidate Ron DeSantis greets supporters at the Iowa State Fair fair side chats in Des Moines, Iowa. — Photo by jhansen2

According to a news report, Liz and Dick Uihlein each contributed $1.5 million to DeSantis’ campaign, with Liz expressing her intent to donate a similar amount to support Trump. 

Couple Makes Substantial Contributions 

Credits: DepositPhotos

Since the 2016 election cycle, the Wisconsin-based couple has emerged as significant political donors, having contributed over $250 million to federal candidates and political groups, as per the nonprofit OpenSecrets.

Timely Financial Boost

Credits: Depositphotos – 12.07.2018. BRUSSELS, BELGIUM. Press conference of Donald Trump, President of United States of America, during NATO (North Atlantic Treaty Organization) SUMMIT 2018. ” — Photo by gints.ivuskans

With the Uihleins’ support, Trump’s campaign is poised to receive a significant financial boost as the race for the presidency intensifies.

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