During the 2016 presidential primary cycle, big-money Republican donors like Paul Singer, Ken Griffin, Joe Ricketts and Stephen Schwarzman contributed millions of dollars to GOP contenders not named Donald Trump in an effort to stop his rise and block him from the nomination.
It didn’t work, obviously: Trump not only captured the Republican nomination, he went on to shock the political world by defeating the establishment’s candidate, Democratic nominee Hillary Clinton.
This election cycle, Singer & Co. initially began funneling money to Trump’s primary challengers, though not nearly at levels seen during the 2016 race. But now, big-money donors have turned off the cash spigots to Trump’s opponents because they see him as being on a glide path to the 2024 GOP nom.
