The billionaire-in-chief’s net worth plummets nearly 20%. In March of 2019, the company donated $250,000 to a pro-Trump super PAC. Looks like the vice president may have stopped by to ogle the CEO's car collection this week. Revlon is owned by the private equity firm MacAndrews & Forbes Inc., and the CEO and Chairman of the firm is Billionaire Ronald Perelman. New Balance under fire for getting political after Donald Trump win. The Marvel movies have been making billions at the box office in the recent years, and that money has made the Marvel Entertainment Board members and Shareholders very wealthy. [10] In an interview given to Wall Street Journal reporter Sara Germano on the day following the 2016 presidential election of Donald Trump, a New Balance senior executive suggested support for Trump due to his opposition to the Trans-Pacific Partnership. These trendsetters get richer every time you step in front of a mirror and decide its time to change your look. He has donated more than $325,000 to the Trump Victory Committee. Do to them what they do to you. Despite the pandemic, multibillion-dollar fortunes are still being minted in America. [3] He attended the Worcester Academy, and he received a bachelor's degree in biology and chemistry from Middlebury College in 1966. Then, in just a matter of days, the athletic wear company found itself in the unenviable position of having to reject the support of neo-Nazis, who had declared it “the official shoes of white people.”. ….to your favorite President, me! At least 11 of the fortunes, including that of meat processor John Tyson, were hit by the pandemic. [8] He sits on the Board of Trustees of the Sports Museum of New England and formerly Boston Children's Museum. New Balance makes great running shoes. According to a February 2018 report in the Wall Street Journal, the national pharmacy chain donated to $35,000 to the Trump Victory PAC and is one of the Trump reelection campaign’s biggest corporate donors. Wendy’s is commonly known as a decent fast-food joint, serving food with a little bit more quality than its competitors. The chairman of New Balance, Billionaire Jim Davis, donated roughly $400,000 to the Trump Victory Committee. There are dozens of shoe companies that can easily compete with New Balance, both with comfort and style. [1], Davis donated almost $400,000 to the Trump Victory Committee in September 2016. New Balance's Founder and Chairman is Jim Davis. They even label their shoes as such. We dug into the data a little bit for you, and what we found was surprising. Not only does Schwarzman own 20% of Versace, but he is also the CEO and Chairman of The Blackstone Group, a private equity firm that funds hundreds of companies. Jim Davis, chairman of New Balance, sent a $396,500 check to Trump Victory in September, according to federal campaign finance records. In 2015 New Balance moved into a $500 million development in Boston that also houses practice arenas for the Boston Bruins and the Celtics. Political Action Committees (PACs) also raise and spend money on elections, but there are limits to how much they can take in and spend, according to CBS. Our videographer was told Pence was viewing New Balance owner Jim Davis’s private car collection in Brighton on North Beacon St., — AndreaWBZ (@AndreaWBZ) November 7, 2019. Mark and Traci Taylor have continued to donate to Trump and the GOP in the years following the 2016 election. That really makes you think twice before buying that overpriced makeup. You can see our complete list of shoe brands here. Looks like the vice president may have stopped by to ogle the CEO's car collection this week. Like Trump, New Balance executives disdained the Obama-era Trans-Pacific Partnership trade deal. [9], As of 2017, Davis is the 324th richest person in the world, and the 94th richest in the United States, with an estimated wealth of US$5.1 billion. He got his start working for his father's restaurants as a "lumper" carrying trays. That’s because New Balance and its senior employees lean heavily Republican. But another footwear magnate, whose company had already drawn unwanted Trump-related attention, quietly gave much more than vocal support – and a much larger donation. [5], Davis has donated $500,000 to Mitt Romney's Super PAC, Restore Our Future. Meet 10 U.S. billionaires who fell short of the $2.1 billion threshold needed to make this year’s Forbes 400 list of richest Americans. The 2020 presidential election is just 14 months away and before you know we will all be heading for the voting booth. To get a better handle on how much money is really going from charitable foundations to nonprofits, this year we counted “out the door” gifts rather than money put into billionaires’ foundations. — Donald J. Trump (@realDonaldTrump) July 10, 2019. Davis attended a Trump fundraiser in Boston last June. In the 2016 election cycle, a large chunk of New Balance’s donations to Republicans came from its board chair, James Davis. At college he studied biology and chemistry, thinking he'd work in medicine, until one of his professors suggested his talent might be in sales. The COO of In-N-Out Mark Taylor, and his wife Traci Taylor, have personally donated the maximum individual donations to President Trump and the Republican Party since 2016. But before he made it to Logan, Pence may have squeezed in some time to visit the garage where Jim Davis stores his fancy car collection. [1] He is the recipient of an Honorary Doctorate from his alma mater, Middlebury College. They don’t want people to shop at those GREAT stores because he contributed…. By subscribing, you agree to receive emails from and that you've read and agree to our, Boycott These Companies That Are Supporting Trump's Re-Election in 2020. There are dozens of shoe companies that can easily compete with New Balance, both with comfort and style. You might know New Balance as the major brand of shoes and athletic wear found at marathons, road races, and gyms around the country. As it turns out, the procession was for Vice President Mike Pence, who was passing through the city on his way back to Washington after a stop in New Hampshire to register the president for the primary. [1] A library on its campus has also been named for him. TACO PAC has donated more than $50,000 to Republicans and $5,000 to Trump’s 2020 re-election campaign. So it’s important to be a savvy consumer and know whether a company you are supporting is also supporting the re-election of Trump. Jim O’Sullivan can be reached at

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