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GOP Donors Amass $70M Fund to Derail Trump's 2024 Comeback Bid

Former U.S. President and Republican presidential candidate Donald Trump leaves the opening of his campaign headquaters in Manchester, New Hampshire, U.S., June 27, 2023.   REUTERS/Reba Saldanha/File Photo
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Overview

  • A conservative political network launched by billionaire industrialists Charles and David Koch has raised over $70 million to support Republican candidates who can defeat former President Donald Trump in the 2024 presidential election.
  • The Koch network plans unprecedented involvement in the Republican presidential nominating contest to prevent Trump from winning the nomination.
  • Major donors to the effort include several wealthy conservative business leaders and philanthropists.
  • The Koch network seeks a candidate who can effectively challenge Trump, though some donors have concerns about Florida Governor Ron DeSantis's early struggles in positioning himself as an alternative.
  • The fundraising haul demonstrates the desire among some Republican donors to move the party past Trump's leadership and policies.