Billionaire Donor Erupts — Kicks Swalwell Out Of $26M Mansion, Demands $1M Back, And Walks Away From The Democratic Party

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(DC Pundit) – Eric Swalwell, the California Democratic congressman best known for his brief, embarrassing 2020 presidential run and his infamous encounter with a suspected Chinese spy, is now facing a crisis that makes those episodes look minor by comparison.

Las Vegas casino and timeshare mogul Stephen Cloobeck, who once affectionately called Swalwell his “little brother” and poured over $1 million into his California gubernatorial campaign, has dramatically severed all ties with the congressman and shown him the door of his lavish $26 million Beverly Hills mansion. Cloobeck is now demanding every dollar back, following explosive allegations that Swalwell sexually assaulted multiple women, including a former staffer who claims the Democrat raped her while she was too drunk to consent, according to the New York Post.

The Beverly Hills property on Roxbury Drive is no modest hideaway. The 9,700-square-foot estate features six bedrooms, seven bathrooms, a tennis court, double gates, and luxury artwork that Swalwell had been using as a backdrop for social media videos and TV interviews. Congressional records show he visited the mansion on at least 10 different days since September, missing House floor votes on at least three of those days. For context, Swalwell missed more votes in 2025 than any other active member of Congress — more than even the late Rep. Raúl Grijalva, who passed away in March. Priorities, apparently.

Cloobeck had previously spent $31,000 flying Swalwell to Nice, France, and had openly declared, “That’s my backdrop. Mi casa, su casa.” That hospitality has now come to a screeching halt.

The billionaire didn’t stop at cutting off Swalwell. He torched the entire Democratic Party, declaring, “F— the Democratic Party… I’m a libertarian now.” He followed up with, “I’m going to change my god d— party affiliation, because I cannot stand this Democratic Party at all… I am done. Finito.”

Shortly after, Swalwell suspended his California gubernatorial campaign amid mounting sexual misconduct allegations from at least four women.

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Copyright 2026. DCPundit.com | Featured image credit: Marc Nozell

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