Vegas Tycoon Sheldon Adelson Throws Support Behind Trump

Campaign says Adelson will contribute a substantial amount of money.

ByABC News
May 14, 2016, 1:12 PM

— -- With Donald Trump changing his tune and now accepting donations to fund his general election campaign, more high profile wealthy Republicans are jumping in. A source within the campaign confirms Sheldon Adelson, who firmly endorsed Trump Friday, will contribute a substantial amount of money to Trump's campaign, as first reported today by the New York Times.

Now the party's presumptive nominee, Trump has begun building a finance operation to collect funds necessary to fuel his efforts against his Democratic opponent. It was just last week that Trump announced the establishment of a finance team led by Steven Mnuchin. The team will also include well known Republican fundraiser Anthony Scaramucci.

"I'm going to keep it going," Trump told Fox News last week, referring to his personal contributions to his campaign. "I don't know, so far I've spent probably $45 million or $50 million by the time the primaries are over. That's substantially less than what other people have spent."

There had been speculation that with fundraising, Trump could potentially repay himself for the mutli-million dollar loans he has given his campaign, but he put those rumors to rest Friday in a statement.

"I have absolutely no intention of paying myself back for the nearly $50 million I have loaned to the campaign," he said.