Silicon Valley Billionaire Says He’s Backing Trump Again

Published on June 4, 2024

Doug Leone, a billionaire investor who renounced his support of President Donald Trump three years ago following the Jan. 6 breach of the U.S. Capitol, will once again back the former president’s reelection campaign. “I have become increasingly concerned about the general direction of our country, the state of our broken immigration system, the ballooning deficit, and the foreign policy missteps, among other issues,” Mr. Leone wrote on X on Monday. “Therefore, I am supporting former President Trump in this coming election.” Mr. Leone ran venture capital firm Sequoia from 1996 to 2022. One of President Trump’s biggest donors in the predominantly progressive Silicon Valley, he joined the Trump administration’s task force of some 200 business leaders in 2020 to advise the White House on reopening America’s economy at the onset of the COVID-19 global pandemic....