Billionaire GOP donor and Trump supporter says he rejected Joe Biden’s request for fundraising help in 2020

CNBC | 6/17/2019 | Staff
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Catsimatidis’ decision to stick with Trump despite his goodwill toward Biden demonstrates the stranglehold the president has on the Republican donor class. Biden has claimed that he received encouragement from GOP donors.

“An awful lot of people have offered to help — and the people who are usually the biggest donors in the Democratic Party, and I might add some major Republican folks,” Biden said in February, before he launched his campaign. He also repeatedly said he is open to working with Republicans in Congress if he were to become president.

Chanos - Pool - Report - Event - Guests

Chanos, according to a pool report, said the event brought in nearly 180 guests. Donors contributed $2,800. People familiar with the Chanos donor retreat and other Biden fundraisers set for Tuesday in New York said they anticipate the events to bring in a total of at least $1 million. The Tuesday fundraisers will be held at law firms Paul, Weiss, Rifkind, Wharton & Garrison; and Weitz and Luxenberg.

A Biden representative did not return a request for comment.

Sense - Biden - Catsimatidis - Businessman - Support

It made sense for Biden to approach Catsimatidis, despite the businessman’s support for Trump. In 2016, Catsimatidis donated more than $116,000 to Democratic nominee Hillary Clinton’s efforts. While he sent $100,000 to Trump’s joint fundraising committee, Trump Victory, between June and August of that year, he also donated $50,000 Clinton’s committee, the Hillary Victory Fund, one month before the November general election, Federal Election Commission records show.

Catsimatidis’ daughter, Andrea, is the chairwoman of the Manhattan GOP and New York City’s regional vice chair of state’s Republican Party. John Catsimatidis noted that his children are in Orlando for Trump’s official reelection campaign launch Tuesday night.

Chanos - Event - Biden - Visit - New

The Chanos event marked Biden’s first fundraising visit to New York since he launched...
(Excerpt) Read more at: CNBC
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