The 2020 presidential race has kicked off, and as candidates fight to see who will make it on the final ticket, money starts to flood in to support their campaign efforts. We compiled a list in 2016 of all the companies that gave money to Donald Trump's campaign and essentially helped elect him by funding his entire campaign, and we've got you again this time around.
Chrissy Teigen, other celebrities and social media users are bringing awareness to and calling for the cancellation of companies that support Donald Trump and his campaign efforts. Whether it be through donations or fundraising events, some heavy hitters, and even entry level employees, from major corporations that affect our day-to-day lives are showing their support for Trump's 2020 re-election.
This viral Twitter thread contains a summary of some of those companies:
If you aren’t familiar with how campaign fundraising works, politicians must disclose how much individuals donated money to their campaign when it’s over $200. Political Action Committees (PACs) also raise and spend money on elections, but there are limits to how much they can take in and spend, according to CBS. All these donations are released to the Federal Election Commission for the public and continuously updated throughout the campaign cycle.
Since the Watergate scandal, it’s illegal for people to secretly donate to a presidential candidate. One way that powerful politicians and company leaders get around this is by donating to 501(c)(4), 501(c)(6) and other advocacy groups that donate money to single candidates during their campaign, according to the Center for Responsive Politics and the Brennan Center for Justice. This form of “dark money” or “dark donations” is how elected officials are essentially able to receive unlimited amounts of money from private donors since these non-profits can engage in limited political activity and raise/donate as much as they want without disclosing their donors.
While many of the powerful players can get away with keeping their financial support a secret, most people can look up which individuals from certain companies donated to politicians’ campaigns using the FEC or websites like Good Unite Us. According to the Federal Election Commission, Trump has already received $43,814,715.72 in contributions for his re-election campaign and also notoriously funds his own campaign being a billionaire. As the incumbent candidate, Trump has a leg up since donors can only give a certain amount during a candidate's election cycle, BUT they can give as much as $710,000 to political parties, a.k.a. the Republican party!
Here are the companies that have donated funds to Trump and his party and vocalized their support for Trump's 2020 re-election:
Both co-founders of The Home Depot, Bernie Marcus and Ken Langone, spent a pretty penny supporting Donald Trump's campaign. Bernie donated $7 million to outside groups supporting Trump's campaign while $100K to Trump's inaugural committee. Guess we'll have to find a new home goods store!
Everyone's favorite drugstore chain apparently donated a large sum of money to two groups furthering Trump's agenda. CVS Health Corp. donated $35,000 to the Trump Victory PAC and around $500,000 to America First Policies the nonprofit group that works to promote Donald Trump's agenda, according to CNN.
After hearing about the racist, sexist, and other various offensive comments made by America First Policies' director of advocacy, Carl Higbie, and other associates, however, CVS directly released a statement saying they would no longer contribute to that particular group. Still, the funds have already been allocated so it is a bit too late.
If you're not familiar with Uline, this company is the preferred shipping supplies vendor for the beauty industry. The founder Rihcard Uihlein has donated millions of dollars to pro-Trump PAC's and committee. According to Yahoo, Richard donated $500K to America First Action Super PAC, $200K Great America PAC, $3.5 million to Tea Party Patriots Citizen's Fund Super PAC, $500K Trump Inaugural Committee, and $5.4K to Donald Trump's 2016 election campaign. During the 2020 election cycle, Uline is the second biggest donor of Trump's campaign.
ICYMI: Chrissy Teigen recently called for a boycott of Soul Cycle and Equinox after their chairman announced he was hosting a fundraising luncheon for Donald Trump at $100K a ticket. The companies both released statements calling Stephen Ross a "passive investor," but in actuality he is the president of the holding company for both fitness franchises. Essentially, that makes him the boss.
Chairman and former CEO of Marvel Entertainment Isaac Perlmutter is a HUGE Trump fan being one of his longtime, personal friends and a member of Mar-A-Lago. When Trump was initially elected, the businessman and financier donated $360,600 to Trump's victory committee. This year, he even gave $5 million to a hybrid super PAC dedicated to re-elect Trump and pro Trump candidates and, just last month, he wrote a check of $360,000 in support of Trump's 2020 re-election.
As we mentioned above, PACs are special interest groups that raise money for specific political parties and/or candidates. Apparently, Taco Bell franchise owners are SUPER into Republicans. The TACO PAC, an organization made up of Taco Bell franchises and its supporters, has donated $53,625 to Republicans this year and $5,000 to Trump's re-election campaign so far, according to Food and Wine.
Tech billionaire Peter Theil, who along with Elon Musk is responsible for Paypal, is not only an early funder and boardmember at Facebook, which owns popular apps such as Instagram and WhatsApp, but he's a huge investor in Spotify, Lyft and AirBNB. And, oh yeah, he loves Trump and Trump definitely loves him back. Trump pays Peter's warfare tech company, Palintir, approximately $1.5 billion for ICE's surviellance network! In 2018, the blillionaire investor donated $250,000 to the president's re-election campaign and is Trump's 7th largest donor.
If you love this popular hot dog chain, you may want to call it quits with them since owner Howard Lorber is a huge Trump donor and Trump says Howard is one of his best friends. Last year, Howard hosted the infamous Hampton's fundraiser for Trump's initial election and is reportedly a contributor and attendee of this year's fundraising event.
If you're a fan of this luxury brand, than you should probably know that one of it's huge stakeholders is also one of Donald Trump's closet homies from his college days and largest donor; billionaire Stephen Schwarzman. He owns a 20% stake in Versace and also owns a private equity firm, Blackstone Group LP. Stephen has donated $344,400 to the 'Trump Victory' fundraising committee.
We love spicy nuggets but we're gonna have to call it quits with Wendy's after learning that heavy hitters involved with Wendy's donate a whole lot to Trump. Billionaire investor Nelson Peltz is the CEO of Trian Partners which owns a 12.4% stake in Wendy's. Apparently, Trian Partners' members and high-level employees are very involved with the company and hold boardmember positions. Nelson has donated $85,800 to Trump's campaign efforts as well as the Trump Victory group. Lewis E. Topper and Jeff Coghlan, franchisees of WendPartners Franchise Group, have also donated thousands of dollars to the Republican party and pro-Trump super PACs.
Estee Lauder heir Ronald S. Lauder is one of Trump's childhood friends and biggest supporters! The billionaire beauty heir gave $100,000 to the Trump Victory group and he also donated $1.5 million to conservative super PACs.
If Revlon carried your favorite shade, it's time to finally make the switch to a different beauty brand! Ronald Perelman, another billionaire investor, not only owns the private equity firm that owns Revlon, but his daughter, Debra, is Revlon's president and CEO. Though he only donated $8,000 to Donald Trump's re-election, he has donated $125,000 to pro-Trump groups.
American businessman behind BioSilk, SunGlitz and Cationic Hydration Interlink (CHI) brands Farouk Shami, owns the haircare and spa products company Farouk Systems. And calls Trump one of his best friends! The billionaire mogul is one of the top donors and donated $100,000 to Pro-Trump groups.
(Photo: Ian MacNicol/Getty Images)
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