Donald Trump is coming to Wall Street.
Trump's White House ambitions need to be fueled by about $1 billion, and investors — including a cadre of boldface names hailing from New York and Wall Street — are getting ready to bet on the presumptive GOP nominee for president.
But for the first time this election cycle, Trump lacks the advantage he had against fellow Republicans as he steamrolled his way through the party primary. It's expected former Secretary of State Hillary Clinton will eventually secure the Democratic nomination, and will in turn command a sizeable war chest of more than $1 billion to fuel ads leading up to this November's election. Already, she has corralled millions in donations from the finance industry.
Trump has been campaigning and attending fundraisers on the West Coast, but he's expected to return to New York to tap donors soon. Already, he has been lining up big names from the worlds of investing and real estate; his next challenge is to turn growing support into donation checks.
Some deep pockets, like Home Depot co-founder Ken Langone, threw their support behind Trump in 2015; others, like Elliott Management CEO Paul Singer have remained steadfastly opposed to his candidacy. Investor Wilbur Ross is also a Trump supporter, and is a trustee on his fundraising team.