The development comes as Elon Musk announced that he would “not donate to any of the candidates.”
In a big boost to Donald Trump's presidential bid, billionaires Liz and Dick Uihlein have decided to help fund the Republican candidate's campaign, the Financial Times reported Saturday.
The couple founded shipping and packaging company Uline from their basement in 1980 and had donated to the Republican primary campaign of Florida Gov. Ron DeSantis, who dropped out of the race in January.
His decision came after the former president won 14 of 15 states in the Super Tuesday primaries and his last Republican rival, Nikki Haley, dropped out of the race, the FOOT reported.
The development comes as tech giant Elon Musk announced on X on Wednesday that he would “not donate to any of the candidates” for the 2024 presidential election.
Trump has fallen behind Biden in fundraising ahead of the Nov. 5 general election.
Trump's cash holdings fell to just over $30 million at the end of January, down from $33 million the previous month, his campaign told the Federal Election Commission.
Biden, who faces a less competitive process for his Democratic Party's nomination, told the FEC that his campaign ended January with about $56 million in cash, up from $46 million in December.
The Uihleins had each given $1.5 million to DeSantis and Liz Uihlein told the FOOT she would give a similar amount to Trump.
The Wisconsin-based couple has donated more than $250 million to federal candidates and political groups since the 2016 election cycle, the FOOT he said, citing the nonprofit OpenSecrets. They backed Trump in the previous two elections, before looking for an alternative candidate to support in the 2024 race.
In an interview with the newspaper, Liz Uihlein said that both Trump and Biden were already well known to voters and she wondered how much donations helped at this stage.
“These two types are very well defined,” he said. FOOT. “I don't understand why everyone has to give all this money.”
