Controversial fund manager Steven A. Cohen was among the million-dollar donors to the Trump inauguration, according to a federal filing.
Cohen now runs family office Point72 Asset Management, as an insider-trading settlement forced what was then SAC Capital to stop taking outside money. Cohen will be able to manage outside money next year, under terms of a Securities and Exchange Commission agreement. A message left with Point72 wasn’t returned.
Cohen contributed $1 million to the inaugural, according to the Federal Election Commission.
Cohen wasn’t the only donor from the financial sector, which counted Cantor Fitzgerald CEO Howard Lutnick, discount brokerage founder Charles Schwab
, former Soros Fund Management chief investment officer Scott Bessent, Kohlberg Kravis Roberts co-founder Henry Kravis, and hedge-fund investor and conservative donor Robert Mercer among its million-dollar club. Marlene Ricketts, the husband of TD Ameritrade
founder Joe Ricketts, also gave $1 million. (The Rickettses’ son Todd was reported Wednesday by the Chicago Sun-Times to have taken his name out of the running to serve as the Trump administration’s deputy secretary of commerce.)
The biggest contributor was Sheldon Adelson, the Las Vegas Sands
founder and major Republican donor, who donated $5 million.
The owners of the sports franchises the Dallas Cowboys, Houston Texans, Jacksonville Jaguars, Los Angeles Rams, New England Patriots and Washington Redskins each contributed $1 million, and Tampa Bay Buccaneers co-chairman Ed Glazer added $250,000. Madison Square Garden Co.
also donated $1 million.
Name-brand corporate giants including Anheuser-Busch
, Bank of America
also made seven-figure donations.
The Trump inaugural committee raised $106.7 million in total.
White House spokesman Sean Spicer was asked Wednesday about the donations and whether they conflicted with Trump’s stated desire to “drain the swamp.”
Sean Spicer on crowd at Trump inauguration (3:15)
Press secretary Sean Spicer in his first briefing defended the statement that Donald Trump had the largest inaugural audience in history.
“I think that this is just like a campaign, in the sense that there’s disclosure on this for a reason, so that you know what’s happening,” Spicer said. “I think funding the inaugural committee has been pretty much been a nonpartisan activity that has gone back every administration, going back through administrations.”