GOP Megadonor Who Backed Haley Now Funding Trump

by

Warren Stephens and two other key GOP donors will appear at a $43 million fundraising event for former President Donald Trump on April 6.

A significant financier of Nikki Haley’s presidential run is now throwing his weight behind former President Donald Trump.

The invitation said President Trump will be in attendance, along with Sen. Tim Scott (R-S.C.), North Dakota Gov. Doug Burgum, and businessman Vivek Ramaswamy, all of whom were candidates in the 2024 Republican presidential primary.

Mr. Stephens, CEO of Stephens Inc., along with some of his relatives, was a significant backer of former U.S. Ambassador to the U.N.’s bid for the GOP’s 2024 presidential nomination.

According to Federal Election Commission records, Warren Stephens and his wife, Harriet Stephens, gave $2 million to a hybrid political action committee—SFA Fund Inc.—to support Ms. Haley’s candidacy in 2023.
In January 2024, Warren Stephens, Harriett Stephens, and Laura Stephens, a senior marketing communication manager at Stephens Inc., sent a collective $1 million to SFA Fund.

Related Stories

NY Judge Quashes Trump Subpoena of ‘Stormy’ Documentary Records for Hush Money Trial
Judge Sent ‘Ominous’ Warning to Jack Smith in Trump Documents Case, Says Ex-Prosecutor
Republican presidential candidate and former U.S. Ambassador to the U.N. Nikki Haley speaks during a campaign event at The Madison Hotel in Washington on March 1, 2024. (Anna Moneymaker/Getty Images)
Republican presidential candidate and former U.S. Ambassador to the U.N. Nikki Haley speaks during a campaign event at The Madison Hotel in Washington on March 1, 2024. (Anna Moneymaker/Getty Images)
A spokeswoman representing event co-host John Paulson previously told The Epoch Times the Trump 47 fundraiser is expected to generate $43 million to support President Trump, the Republican National Committee, and various Republican Party interests across the United States.

Mr. Stephens’ inclusion in the list of co-chairs—which includes GOP donor heavyweights like Robert Bigelow, Robert Mercer, and Steve Wynn—is a critical conversion for President Trump’s campaign.

Moreover, according to the latest round of FEC disclosures for both candidates, President Biden’s campaign holds a significant cash-on-hand advantage over President Trump.

It remains to be seen if any more significant donors who gave heavily to the hybrid PAC backing Ms. Haley—like GOP megadonors Ken Griffin and Paul Singer— will support President Trump in the coming months.

Other Major Donors

The updated invitation also included two new names: Geoffrey Palmer and Kelcy Warren.

Mr. Palmer has also donated to a fund that backed President Trump’s previous reelection effort called America First Action.

Mr. Warren is the executive chairman and chairman of the board of directors of Energy Transfer LP.

Energy Transfer is involved with the Dakota Access Pipeline. The pipeline opened in 2017 after President Trump signed an executive order to advance its construction in January of that same year. Energy Transfer previously accused the Obama administration of delaying the pipeline’s construction.

According to donor records maintained by watchdog group OpenSecrets, Mr. Kelcy gave $10 million to America First Action in August 2020. He is also a consistent donor to Republican causes and candidates, including the Republican National Committee.

The Associated Press contributed to this report.

Original News Source Link – Epoch Times

Running For Office? Conservative Campaign Consulting – Election Day Strategies!