With Donald Trump's political future up in the air, it appears the Republican Party has found his replacement if he decides not to run for President in 2024. A recent report from POLITICO indicates that South Carolina Senator Tim Scott has quietly been building a portfolio of donations of wealthy investors. Most notably, billionaire tech mogul Larry Ellison offered Scott $10 million, his largest political donation in nearly three decades.
Scott has been in the public eye for some time now as a lawmaker. He has appeared on radio shows like The Breakfast Club and CBS Sunday Morning. After he delivered his party's response to Joe Biden's joint address to Congress in April, Scott's profile skyrocketed to previously unseen heights.
"I get called Uncle Tom and the N-word by progressives...I know firsthand, our healing is not finished," Scott said during his rebuttal.
“I know what it feels like to be pulled over for no reason and to be followed around a store while I’m shopping.”
While Scott was criticized for saying America is "not a racist country," he gained recognition within the GOP. In June, the Republican National Committee launched a seven-figure ad campaign featuring Scott. More recently, the pro-Scott super PAC, Opportunity Matters, received a donation from Richard Gaby, a key contributor to Donald Trump and Marjorie Taylor Greene's campaign. In addition, hedge fund manager Dan Loeb has pitched in to support Scott's work.
“I definitely consider Tim to be someone who has the integrity and experience to be president of the United States," investor Bill Oberndorf explained.
Three years away from the next presidential election, Scott's White House campaign is not certain. He has never publicly expressed interest in running in the 2024 Presidential election. Other potential candidates include Trump, Florida Governor Ron De Santis and former South Carolina Governor Nikki Haley. Much like Scott, DeSantis has not publicly declared his interest in running. Meanwhile, Haley and Trump have teased potential campaigns without committing to a run in 2024.