Ronald S. Lauder, the honorary chairman of the Museum of Modern Art’s (MoMA) board of trustees, donated $200,000 to President Donald Trump’s re-election campaign, according to Forbes.
Lauder, whose fortune is estimated at $4 billion, is the youngest son of the late cosmetics magnate Estée Lauder. The billionaire served as MoMA’s chairman for a decade between 1995-2005. He has been the museum’s honorary chairman since 2007.
Lauder also serves as the president of the World Jewish Congress, and he has informally advised Trump on the Israeli-Palestinian conflict. According to Forbes, Lauder did not contribute to Trump’s campaign in 2016.
The report also reveals that Stephen Schwarzman, a trustee at the Frick Collection in New York, made a donation of $699,400 to Trump’s 2020 campaign. Schwarzman, whose net worth is estimated at $16.8 billion, is co-founder of the investment company Blackstone. With $545 billion in assets, Blackstone is considered the world’s largest private equity firm. Like Lauder, Schwarzman’s sizeable donation to the Trump campaign is his first.
MoMA and the Frick have not responded to Hyperallergic’s immediate requests for comment.
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