9/16, 4:56 PM (Source: TeleTrader)
more TeleTrader news

Billionaire Adelson to help Trump reelection bid with $20M-$50M - report

Billionaire and CEO of Las Vegas Sands Corporation Sheldon Adelson (pictured) plans to donate between $20 million and $50 million in an effort to help United States President Donald Trump win a second term in office, CNBC reported on Wednesday.

The majority of the funds will go towards the pro-Trump super political action committee Preserve America, while the Trump campaign, the Republican National Committee and groups helping Republicans in Congress could receive part of the donation, anonymous sources added. Anderson allegedly kept the lines of communication open with Trump in order to decide where it would be best to allocate the funds.

Previously, Axios reported that Adelson's top advisor Andy Abboud said: "I just want to say that I just spoke to the Adelsons. They are 110% behind the president. And that’s going to become apparent shortly."

Breaking the News / AM