Trump could spend $200 million of his own funds
February 25th, 2011
09:39 AM ET
9 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. a little sad

    Then he'd get bragging rights over Meg that she only spent $140 million to lose an election.

    February 25, 2011 09:42 am at 9:42 am |
  2. eve

    If I were him,, I wouldn't waste my money. He doesn't have a hope in hell of being elected President.

    February 25, 2011 09:43 am at 9:43 am |
  3. Emerson

    "... Trump told him his current presidential deliberations are no joke."

    Sad to say, Donald but the joke is on you for even posturing that you had any of the requisites for public office.

    February 25, 2011 09:48 am at 9:48 am |
  4. ConservaFascists

    He'll just be wasting his money if he ran. He'll be the Meg Whitman of the east coast.

    February 25, 2011 09:55 am at 9:55 am |
  5. Inmyopinion

    I don't think Trump will have as much money as Obama, Democrats can make bigger donations to Obama than Republicans could make for a Republican candidate. I don't think Republicans will be able to put together enough money to beat Obama. I think this time Republicans are in very deep financial trouble as Democrats have more money than Republicans. I don't see a win for Republicans, cash is not there.

    February 25, 2011 09:57 am at 9:57 am |
  6. REAL Patriots do MORE than salute the flag, they EDUCATE themselves

    So if he does run, spends his cash, gets trounced, we'll be expecting him to file for bankruptcy AGAIN.

    February 25, 2011 09:59 am at 9:59 am |
  7. Rick McDaniel

    Trump knows a thing or two about gambling, with his own money.

    February 25, 2011 09:59 am at 9:59 am |
  8. Indy

    Trump could spend five hundred million dollars that he stole from banks and he still could not win the Whitehouse. This is a man that was dead wrong on his first answer to adding a 25% tax on imported goods from China that would be paid for by the middle class that shops at any box store in the Country. He has no grasp of a global economy and that is one of the most important issues on moving the country forward. Trump is so stupid he does not realize it was American companies that sought out manufacturers in China, not China coming to the States looking for work. Most companies that export to the US are partially owned by US companies. That is the most basic economic business that any person past grade five knows but Trump is stuck in his reality TV persona and that just wont cut it for the highest job in the land. Does Trump even realize he would have to stop all of his business enterprizes while President ? His Daddy's money will never be enough to buy him the Whitehouse, I hope Republicans one day realize that being POTUS is for adults only

    February 25, 2011 10:01 am at 10:01 am |
  9. PalmReader

    What 200 million? Trump is as broke as the rest of us . . . and has 3 bankruptcies to prove it. Rather doubt he'd willingly spend any of his personal finances on anything beyond himself. And his two ex -wives he is legally bound to support. Probably hoping to turn the election process into more of an Apprentice style line-up where we all spend months watching GOPer wannabee's compete on T.V., and for his grand finale we the public just call in our votes. Considering how much air time the wannabee's are already receiving from the media, it ought to bring great reviews to GOPerville. As it is, Dancing With The Stars runs circles around itself to get the likes of Tom Delay, Christine O'Donnell, and Todd Palin . . .

    February 25, 2011 10:03 am at 10:03 am |
  10. Seattle Sue

    Then file for a bankruptcy and let someone else or the government pay for it.

    February 25, 2011 10:05 am at 10:05 am |
  11. RBTL

    Well Rick Scott here in Florida spent/bought the election with roughly 85 million of his own money. I would hope that if Trump wants to do the same with the Presidency it would at LEAST cost him 200 million.

    February 25, 2011 10:06 am at 10:06 am |
  12. Wire Palladin, S. F.

    That worked for Meg Whitman, why not the Donald?

    February 25, 2011 10:06 am at 10:06 am |
  13. Marty, FL

    Please. How many (multiple) times has Trump filed bankruptcies against the American taxpayer? Simply look at the messes he left here in FL as examples. Get real.

    February 25, 2011 10:15 am at 10:15 am |
  14. Mutt

    Only 200 million???? I thought he was a "billionaire many times over" Oh, my bad he only pretends to be a billionaire on TV. So is this guy really running for president or is he playing the role of a guy running for president on TV?

    February 25, 2011 10:18 am at 10:18 am |
  15. july

    I wish people like him would use their money to help the country NOT take it over.....WHAT GREED.

    February 25, 2011 10:19 am at 10:19 am |
  16. Chipster

    Of course he could spend $200 million or maybe even more. He can always file for bankruptcy for the, what?, fourth, fifth, sixth time? Whatever! Republicans would support him. They seem to admit fiscally irresponsible people who created the mess we're in today. President Obama inherited a deficit that had doubled in the previous eight years with two wars continuing to drain the Treasury. If he spent nothing at all to try to stimulate the economy, the annual budget would still have been more than a trillion dollars. I don't believe Trump would mind filing bankruptcy on behalf of the U.S.

    February 25, 2011 10:20 am at 10:20 am |
  17. NothingNew

    Why doesn't he take that $200 million and bail out the states of Wisconsin, Ohio, New Jersey and Indiana? Oh yah – that's called "socialism" – as opposed to wasting $200 million on a sure lost. Time to tax, tax, tax these rich id-10-ts...

    February 25, 2011 10:20 am at 10:20 am |
  18. Al-NY,NY

    Go ahead mr comb-over. Spend your money on running for POTUS. Here's a better use for it.. flush it down the toilet because that is what you are really doing if you think for one second you stand a snowballs chance in you know where of even coming close to the nomination

    February 25, 2011 10:20 am at 10:20 am |
  19. FM

    Oh yes! money always circulates. It will go where it came from. Infact 200 million is so little!

    February 25, 2011 10:25 am at 10:25 am |
  20. Eardley Ham Woodbury, MN

    Trump as POTUS? About the most idiotic idea I have heard in the last 70 years! His hairdo alone is enough to disqualify him, not to mention that he seems to be an alien (from Mars).

    February 25, 2011 10:27 am at 10:27 am |
  21. John

    You do know he has filed for BK MANY times.... How will that work if he runs the country?

    February 25, 2011 10:27 am at 10:27 am |
  22. John

    Good idea... Big business in charge of the country... that won't backfire....

    February 25, 2011 10:28 am at 10:28 am |
  23. Clwyd

    I guess government of the rich, by the rich and for the rich is what the republicans want and may get. America wake up!

    February 25, 2011 10:29 am at 10:29 am |

    200 MILLION? From where, his casinos? That's called "skim"!

    February 25, 2011 10:29 am at 10:29 am |
  25. SNAPPA

    Well, thats the only way to become presient in this country. A poor working class American slob like myself could never become president the constitution states that you must be an American citizen, at least 35 years of age they should also ammend the constitution to read must also be a multi-millionair.

    February 25, 2011 10:29 am at 10:29 am |
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