The billionaires rallying behind Trump after his conviction

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The billionaires rallying behind Trump after his conviction
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The Trump campaign has seen upticks in fundraising during pivotal moments of his legal battles.

Ultra-wealthy Republican donors are rallying behind former US President Donald Trump following his historic trial and criminal conviction.

According to US media reports, Mrs Adelson will donate to a political action committee called Preserve America. Political action committees can spend unlimited sums of money backing candidates for elected office. Another potential donor, hedge fund manager Bill Ackman, is expected to make an announcement on X in the coming days about supporting Mr Trump.

Other prominent billionaires who have thrown their support behind Mr Trump so far include hedge fund founders John Paulson and Robert Mercer, as well as fracking pioneer Harold Hamm and casino mogul Steve Wynn. Shaun Maguire, a partner at prominent venture capital firm Sequoia, announced a $300,000 donation to Mr Trump within minutes of last week's verdict, arguing that the trial was unfair.

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