The Mercers, one of Trump's biggest 2016 backers, are unlikely to play a significant role in 2020: “They think that the administration could do so much more”
of Renaissance and he publicly transferred his stake in Breitbart to his daughters. A month later, the Mercers’ relationship with Bannon reached a breaking point when Bannon was quoted extensively incriticizing the Trump family. Rebekah issued a rare statement distancing herself from Bannon. “My family and I have not communicated with Steve Bannon in many months and have provided no financial support to his political agenda, nor do we support his recent actions and statements,” it read.
Meanwhile, the Mercers’ investment in Cambridge Analytica was putting them in legal jeopardy. A few months after Robert left Renaissance, it was reported that the FBI opened an investigation of Cambridge in the wake of revelations that the firm appropriated private data from more than 50 million Facebook profiles. Last May, the Mercers shut the company down. “The Cambridge investigation really spooked them,” said the prominent Republican strategist.
Another factor driving the Mercers off the national stage is that Trump was never their ideal candidate, despite the millions they spent helping him, sources told me. “They never really liked Trump,” the person close to the Mercers said.
Without the specter of a Clinton presidency to motivate them, the Mercers are returning to their pre-Trump private existence. Robert didn’t host a costume ball last year. But the family remains active outside of politics. For example, the Mercers’ foundation continues to donate to the Oregon Institute of Science and Medicine, whose cofounder,is a pro-nuclear energy climate change skeptic who does research on slowing down human aging.
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