Trump could spend $200 million of his own funds
February 25th, 2011
09:39 AM ET
11 years ago

Trump could spend $200 million of his own funds

Washington (CNN) – If he runs for president, Donald Trump is likely to take a page out of other recent billionaire political aspirant's playbooks and cut himself a check to the tune of $200 million to finance the expensive endeavor.

That's according to longtime GOP operative Roger Stone, who is currently an informal adviser to Trump.

"I would imagine he would be a self-funder," Stone told Politico Thursday.

"I think he passes up public finance because he then could say, 'I don't answer to anybody but myself and the American people, not special interests,'" Stone also said.

"He's sitting on $2 billion in cash. That's what he says. And if that's true, he could write a check for $200 million if he wanted to."

Trump would be the latest in a string of wealthy individuals who have completely self-financed their campaigns with mixed results. Most recently, ex-eBay CEO Meg Whitman dropped close to $150 million of her own fortune in her unsuccessful bid last year to become governor of California.

In 2009, New York City Mayor Michael Bloomberg spent $90 million of his own money only to narrowly squeak out a re-election victory over the poorly funded city comptroller William Thompson.

Of course, it remains to be seen if Trump is actually serious about running for president, or, more likely, stringing the media along in his latest publicity stunt.

But MSNBC's Joe Scarborough reported Friday Trump told him his current presidential deliberations are no joke.

"I talked to him yesterday on the phone ... and he said, 'Most people out there think this is a joke – that I'm doing this for publicity. Imagine what happens the day I announce I am actually running for president,'" Scarborough aid on his program Friday.

Filed under: Donald Trump
soundoff (42 Responses)
  1. David Teufert

    Self-funder? How many times has he declared bankrupcy, leaving others holding the bag? He seems to be an expert at sweaping failures under the rug. How would this work as president?

    February 25, 2011 10:33 am at 10:33 am |
  2. GCNYC

    Wow, this would be great! Imagine a Trump Bloomberg ticket. We would have this country back up and running, the way it should be.

    February 25, 2011 10:41 am at 10:41 am |
  3. DemoCommunists for a Better Way - Bankruptcy

    Donald Trump certainly would add some excitement to the race! I'm not sure how well he'd handle all the politics with the DemoCommunistas in the House and Senate though. Hopefully he'd have a very large Republican majority in BOTH the House and Senate after 2012.

    February 25, 2011 10:43 am at 10:43 am |
  4. Nobody Special

    I have ZERO interest in a president who is so incredibly vain and insecure that he needs to hide his hairline behind that awful combover.

    At least Giuliani took the advice he was given and stopped his combover nonsense.

    Trump as president? You've got to be kidding! Maybe if he shaves his head.

    February 25, 2011 10:44 am at 10:44 am |
  5. S.B. Stein E.B. NJ

    I wish there wouldn't be the need for this kind of money in politics. It taints everything and keeps those who could actually do a good job from running (or even thinking about it). I don't think that Trump has the correct mind set for government work elected or otherwise.

    February 25, 2011 10:47 am at 10:47 am |
  6. Dave Harris

    He could get elected governor of Florida without a problem. The old people here are so dumb they elected a guy who stole half a billion dollars from Medicare, and used it to buy himself the election! Now he's going to do his best to see that they don't get any medical care. 'The Donald' could top this guy.

    February 25, 2011 10:47 am at 10:47 am |
  7. Joan

    He always pretends he is interested in running just to get publicity. It would be great if he would finally put his money where his mouth is and run. Then he obviously would get severely trounced in the primaries, look like a loser and maybe then he would just be quiet for a while. He iis one of the most annoying men in the whole world. If he doesn't run then it will be obvious that his intentions were not honourable to begin with and he was just doing it for publicity.

    February 25, 2011 10:47 am at 10:47 am |
  8. Garrett

    I would vote for the Donald over any of the GOP candidates AND Obama.

    February 25, 2011 10:48 am at 10:48 am |
  9. Name king

    Donald you'll never win the repugger primary, first of all your not genuinely right wing nut enough, and you can't fake it because, your track record does't show it. Furthermore there are alot of rich and powerful people that wouldn't want you on a certain level because of your world wrestling entertainment arrogance mentality. Any ways good

    February 25, 2011 10:58 am at 10:58 am |
  10. Lily Daisy

    While Donald Trump is a smart businessman and a well-known figure, he is still a celebrity who is mainly known for his entertainment enterprises and in my opinion, no way qualified to sit at the helm of the highest office. His history is that of a self-aggrandizing entepreneur. Those are not credentials for becoming President of the United States. He can put all the money he wants toward his running but the American people won't fall for it. He needs to take a lesson from the page book of Meg!

    February 25, 2011 11:02 am at 11:02 am |
  11. Britannia

    Why doesn't he just save his breath and donate this to the country and reduce the national debt?

    February 25, 2011 11:03 am at 11:03 am |
  12. Sanandra

    Oh my God, are people stupid enough to vote for this narcisstic nitwit. Some of his previous creditors that got strung out holding the bag when he declared bankruptcy must be thrilled to know he can write a $200 million check now to stroke his own ego. People, wake up!! This man has NO experience whatsoever to qualify him for the Presidency. He has filed bankruptcy and left others holding the bag for mega millions. He has no moral character based on howmany wives he has cheated on. He has a hot button temper combined with his narcisstic behavior that is scary.
    And yes, I HAVE met the man, and he is a total jerk in person.
    And just to end on a light note– the man is practically orange from his tanning booth.

    February 25, 2011 11:03 am at 11:03 am |
  13. Fed Up

    At least he won't be beholden to the labor unions like Obama is.

    February 25, 2011 11:07 am at 11:07 am |
  14. bjk

    Just what is $200 million when you have billions? Just how does he relate to anyone who lost their jobs, not due to anything they did or didn't do, cannot buy food, medicine, make their mortgage payments? Being President of the US is not just being able to balance a budget. It's about the PEOPLE and not just corporations. How many CEOs are starving?

    February 25, 2011 11:08 am at 11:08 am |
  15. Jim

    Meg Whitman, pt 2...

    February 25, 2011 11:09 am at 11:09 am |
  16. DonBeal

    Donald Trump, man of the people, writes himself a $200,000,000 check to run for President. Actually, I would like to see that. I wouldn't vote for him, but it would be interesting. That would pose quite a conundrum for the Tea Party types. They are apparently being funded by the ultra-rich Koch brothers, but they can delude themselves into believing that isn't true. But if another oligarch openly runs for President, as a conservative, that's pretty much in your face.

    February 25, 2011 11:11 am at 11:11 am |
  17. Lisa

    Please, Please, Please... At last someone who would not be in the pockets of Special Interest groups

    February 25, 2011 11:15 am at 11:15 am |
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