Some of Trump’s Biggest Political Backers Also Threw Trump Media a Lifeline


Trump's key supporters also supported Trump Media financially. Marty Davis, a fervent Trump supporter, loaned Trump Media $5 million before its public debut. The company raised $40 million from private investors, some of whom backed Trump's political campaigns. Early backers include Texas billionaires, a Florida hedge fund manager, and a trust linked to a Russian American with ties to a former senior Russian official. Trump Media's stock offering raised concerns about potential conflicts of interest and undue influence on Trump if he returns to the White House. The company's valuation is around $5 billion, but it lost $58 million last year. Critics worry about the potential for foreign actors or special interests to sway Trump if he maintains his stake in Trump Media. The news comes from documents provided by lawyers for a former employee who filed a whistle-blower complaint.



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