🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

RFK Jr's bid for independent presidential run garners mega Trump donor support

Published 01/31/2024, 08:34 PM
Updated 01/31/2024, 08:36 PM
© Reuters. FILE PHOTO: Independent presidential candidate Robert F. Kennedy Jr speaks to the media after his rally in Raleigh, North Carolina, U.S., January 12, 2024. REUTERS/Jonathan Drake/File Photo

By Alexandra Ulmer and Jason Lange

(Reuters) - A mega donor backing Republican presidential frontrunner Donald Trump has also given major donations to independent presidential candidate Robert F. Kennedy Jr., whose presence on the ticket some polls have shown could siphon votes from Democrat Joe Biden in a general match-up against the former president.

Timothy Mellon, heir to the Mellon banking fortune, gave $10 million to the pro-Kennedy American Values 2024 super PAC in the second half of 2023, disclosures to the Federal Election Commission showed on Wednesday. He had previously given the group $5 million in April 2023.

Mellon's donations to a pro-Trump outside group followed a similar pattern. Mellon gave a $5 million donation to MAGA Inc in April 2023. He then gave another $10 million in the second half of 2023, disclosures filed on Wednesday show.

Kennedy's bid could take votes away from Democrat Joe Biden or Trump in critical states in the likely November general election, political analysts say.

But a December Reuters/Ipsos poll showed that Kennedy, part of the storied political family, could draw more support from Biden than Trump. Trump's lead widened to a 5-point advantage nationally when respondents were given an option to vote for Kennedy, for example. A January Reuters/Ipsos poll, however, showed Trump's six-point lead held even when respondents were given the option of voting for third-party candidates, including Kennedy.

To be sure, nationwide surveys do not capture the subtleties of the electoral college contest that will be decided this fall in just a handful of competitive states where independent voters will have huge sway.

Democratic strategist Lis Smith on Wednesday suggested that Mellon bankrolling pro-Kennedy efforts was an effort to help Trump.

© Reuters. FILE PHOTO: Independent presidential candidate Robert F. Kennedy Jr speaks to the media after his rally in Raleigh, North Carolina, U.S., January 12, 2024. REUTERS/Jonathan Drake/File Photo

"Numbers don't lie- it's clear Donald Trump and his biggest donors believe that RFK Jr. will help him in this election," Smith said. "RFK Jr's stalking horse candidacy should be very concerning to any American who wants to keep Trump out of the Oval Office."

Reuters was not immediately able to contact Mellon.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.