Billionaire sugar daddy kicks Swalwell out of his mansion, wants $1M back after heinous sex allegations

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Billionaire sugar daddy kicks Swalwell out of his mansion, wants $1M back after heinous sex allegations

Leo Briceno
3 min read

The billionaire founder of Diamond Resorts, Stephen Cloobeck, is cutting ties with Rep. Eric Swalwell, D-Calif., and forcing him out of his California mansion after sexual misconduct allegations derailed Swalwell’s bid to become the next governor of California.

Cloobeck, who has backed Swalwell since 2017, broke dramatically with Swalwell in interviews with the New York Post and Fox 11 Los Angeles just hours after Swalwell announced he would abandon his campaign.

“I am no longer supporting Eric. F—ing tell everyone I’m a libertarian. F— you, Democrat Party. I’m a libertarian now,” Cloobeck told the Post.

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“I am now a Republican,” he added to Fox 11 LA.

He confirmed Swalwell would no longer be welcome at his California residence.

Swalwell Faces House Ethics Probe Over Alleged Sexual Misconduct As Expulsion Threat Looms

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Stephen Cloobeck
Philanthropist and businessman Stephen Cloobeck speaks to reporters on May 30, 2025.

(Getty Images)

“I have a lot of people who stay at my house. I built a gorgeous place, my dream home, I relish it, and I’m a very generous man. I’m very thoughtful and I’m very kind,” Cloobeck said.

Cloobeck has donated to Swalwell’s primary and general campaigns, contributing $23,400 from 2017 to 2023. He has also given the Democratic congressman gifts, including a $39,900 flight to Nice, France, according to congressional disclosures.

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The billionaire hinted that he would cut ties with more of the party than just Swalwell.

Another woman accuses former Rep. Eric Swalwell of sexual assault: Breaking down the allegations that led him to resign
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