DeSantis' presidential ambitions are in the hands of a small circle of wealthy donors

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DeSantis' presidential ambitions are in the hands of a small circle of wealthy donors
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DeSantis rails against the elites. His PAC takes their money.

But while DeSantis has drawn from a wide cross-section of the GOP donor class, several prominent GOP megadonors who have given to DeSantis in the past have yet to contribute to Never Back Down.

Hedge fund billionaire Ken Griffin, who has reportedly soured on Trump and is looking for a different Republican to back this cycle, was absent on the Monday night release. Griffin’s associatesthe executive is frustrated by DeSantis’ positions on international relations and teaching about gender and sexuality as well as his ongoing fight with Disney.

Jeff Yass, one of the wealthiest people in the world and an early investor in TikTok, didn’t continue his financial support of DeSantis through Never Back Down, according to the filing. Yass had contributed $2.6 million to the Florida governor’s state committee earlier this year. Yass did, however, donate to two PACs backing other GOP presidential candidates this year: $600,000 over several months to Opportunity Matters Action Fund, which backs Sen.

Though the DeSantis campaign cannot legally coordinate with its aligned super PAC, the two entities often overlap on the campaign trail. Never Back Down spent $33.7 million through the end of June as it effectively morphed into an arm of the campaign — even hosting DeSantis on recent bus tours through Iowa. DeSantis’ campaign, by contrast, spent $7.9 million between his launch in May and the end of June.

Never Back Down spent $4 million on canvassing, $1.5 million on polling and $1 million on payroll — examples of how it is beginning to pay for standard campaign activities.

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