GOP donor who gave Trump $120,000 in 2020 now says he won't give the former president anything

• A GOP donor who gave Donald Trump $120,000 in 2020 now says he won't give him a nickel.
• Andy Sabin, chairman of Sabin Metal Corp, told CNBC he blames Trump for the GOP's midterms results.
• He joins several notable GOP donors who have turned on the former president.

A prominent businessman and donor to former President Donald Trump says he won't be contributing to his 2024 campaign.

"I'm not going to give (Trump) a fucking nickel," said the New York-based Andy Sabin, per a Tuesday CNBC report. Sabin is the chairman of Sabin Metal Corp, a precious metals company with 330 employees.

Sabin gave Trump $120,000 in 2020, per CNBC.

"At the end of the day, people stayed away because of Trump," Sabin said.

He added that Trump had endorsed "candidates who were not necessarily qualified unless they said 'I love you, Donald,'" according to the outlet.

Sabin also disapproved of Trump teasing his 2024 presidential campaign announcement while House and Senate candidates were still rallying support for election day, CNBC reported.

He now backs Florida Governor Ron DeSantis, who has yet to announce a 2024 campaign, per CNBC. This year, Sabin donated $55,000 to Friends of Ron DeSantis, a PAC for the governor's reelection this year, the outlet reported. Sabin did not immediately respond to Insider's request for comment.

Many Republican pundits and politicians have blamed Trump for the GOP's lackluster results in the midterms. The party had predicted a "red wave" across the US that did not materialize.

Sabin told CNBC that he, too, blames Trump for the party's election failures. He now joins a slate of GOP donors who have ditched Trump following the midterms.

Citadel CEO Ken Griffin, for one, gave nearly $60 million to Republican candidates this year, per Politico. But Griffin on Wednesday called Trump a "three-time loser" and urged the GOP to move on from the former president. Griffin donated $1 million to Trump's PAC, Future45, in 2018, per data from OpenSecrets.

Blackstone CEO and chairman Stephen Schwarzman, another GOP mega-donor, told Axios on Wednesday that he would rather support a presidential candidate who isn't Trump.

"America does better when its leaders are rooted in today and tomorrow, not today and yesterday," Schwarzman said, adding that "it is time" for Republicans to move on to other leaders.

Schwarzman and his wife, Christine Hearst Schwarzman, gave over $35 million to candidates in the 2020 election cycle, with most of their donations going to Republicans, CNBC reported.

Schwarzman also previously gave $3 million to the America First Action super PAC, which supported Trump's 2020 run, the outlet reported.