July 13, 2024
Citadel CEO Ken Griffin, a billionaire and main Republican marketing campaign donor, gave $5 million to a political motion committee backing former South Carolina Gov. Nikki Haley over Donald Trump within the GOP major for president, in line with his firm spokesman.

Griffin wrote the seven-figure verify in January to the SFA Fund, an excellent PAC that may elevate and spend a vast amount of cash to assist Haley, however which can not coordinate straight along with her presidential marketing campaign.

“Governor Haley has an amazing monitor file of management and America could be properly served by somebody along with her overseas coverage credentials and coverage priorities within the White Home,” Griffin mentioned in an announcement to CNBC.

“She cares deeply about the way forward for all People and has demonstrated efficient management advancing insurance policies that promote lifelong prosperity, upward mobility, and our nation’s security and safety,” mentioned Griffin.

“Whereas voters resolve on who will function the Republican Occasion’s nominee for President, I’ll proceed my deal with actively supporting U.S. Home and Senate candidates prioritizing financial freedom and a robust protection of America at house and overseas,” he mentioned.

The announcement got here simply hours after Griffin advised CNBC he “supported” Haley, throughout an interview on the Managed Funds Affiliation convention in Miami. Griffin has an estimated internet price of round $37 billion, in line with Forbes.

Regardless of the Haley donation, Griffin additionally praised Trump Tuesday throughout his dialog with CNBC. “I do know many people, me included, you recognize, battle with a few of Trump’s behaviors,” he mentioned. “However there was a dimension of higher world safety with him as president, significantly from U.S. pursuits.”

Griffin’s transfer comes as Haley faces a steep climb to the Republican nomination.

The previous U.S. ambassador to the U.N. got here in third within the Iowa caucus, behind Trump and Florida Gov. Ron DeSantis. Every week later, she got here in second within the New Hampshire major to Trump after DeSantis dropped out.

Haley is at the moment trailing Trump by virtually 30 share factors in her house state of South Carolina, which is able to maintain the subsequent Republican major on Feb. 24.

Haley just isn’t the one Republican candidate for whom Griffin has minimize a giant verify this cycle.

He has additionally donated $10 million to an excellent PAC supporting Pennsylvania Senate candidate Dave McCormick, the previous CEO of hedge fund Bridgewater Associates.

A brilliant PAC that’s backing Montana Senate hopeful Tim Sheehy obtained $5 million from Griffin, in line with a Citadel spokesman. Sheehy is working to unseat incumbent Democratic Sen. Jon Tester. However Sheehy nonetheless faces a possible major problem from GOP Rep. Matt Rosendale.