Meet The Billionaire Couple Who’s Donated To Trump And Biden

For some members of the three-comma-club, making political contributions is a household affair. Take New York Metropolis oil and actual property billionaire John Catsimatidis. He, his spouse Margo, and their two grownup kids Andrea and John Jr. have all given 1000’s of {dollars} to help President Donald Trump.

Not all billionaires, nevertheless, are on the identical web page with their households. Actual property heiress Jane Goldman donated to Pete Buttigieg’s presidential marketing campaign, whereas her husband Benjamin Lewis gave $100,000 to a committee supporting Trump. Company raider Ronald Perelman gave $125,000 to Trump in 2017, his spouse Anna Chapman gave some $6,000 to a pro-Biden super-PAC in February. Rupert Murdoch reigns over a media empire recognized for pleasant protection towards the president, however his spouse, former supermodel Jerry Corridor, gave $500 to the Biden marketing campaign.

There is just one billionaire couple that Forbes has discovered, nevertheless, who has donated on to the presidential campaigns of each Biden and Trump. Cosmetics king Ronald Lauder has poured a whole bunch of 1000’s of {dollars} into committees that help the president and the Republican Nationwide Committee, however his spouse Jo Carole has given greater than $50,000 to teams supporting Biden and the Democratic Nationwide Committee, in line with information filed with the Federal Election Fee.

The Lauder and Trump households return many years. Ronald Lauder and Donald Trump had been each school college students on the College of Pennsylvania earlier than they took main roles in their very own household empires. In his 1987 autobiography, The Artwork of the Deal, Trump recollects Ronald’s brother Leonard internet hosting a luncheon, the place the longer term president occurred to have a seat subsequent to the ambassador to Russia. The Lauders have lengthy held worldwide connections. Ronald served as ambassador to Austria beneath Ronald Reagan in 1986.

Ronald Lauder has stayed loyal to the Republican occasion, having donated to candidates like Bob Dole, Orrin Hatch and Mitt Romney over time. In November 2017, he donated $100,000 to Trump Victory, a committee supporting Trump and the Republication Nationwide Committee. The subsequent 12 months, he launched a assertion touting the president as “a person of unbelievable perception and intelligence.” In 2019 he gave one other $100,000 to the identical committee supporting Trump.

These actions didn’t sit nicely inside Estée Lauder, the New York Metropolis-based firm the place Ronald Lauder serves on the board of administrators. Earlier this 12 months, Estée Lauder workers began a petition requesting that he be faraway from the board due to his help for the president. He stayed in place.  

It additionally might have sparked some controversy between Lauder and his spouse of greater than 50 years, Jo Carole. (Representatives for the Lauders didn’t touch upon the contributions.) Having beforehand donated in a bipartisan approach—giving to Mitt Romney in 2012 and Hillary Clinton in 2016—she settled on Biden this 12 months. She donated $2,800 to the Biden marketing campaign in January, gave one other $2,800 in April, then poured $50,000 right into a joint fundraising committee supporting the previous vp in June.

Jo Carole will not be the one Biden backer within the household. Ronald Lauder’s son-in-law, investor Eric Zinterhofer, and sister-in-law Judith Glickman Lauder have additionally made contributions to Biden’s marketing campaign. Similar with nephew Gary Lauder and his spouse Laura. Leonard Lauder, Ron Lauder’s brother and the chairman emeritus at Estée Lauder, has donated greater than $100,000 this election cycle to Democratic candidates working for Congress, although he has but to pony up for Biden.  

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