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

This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by LSEG. Billionaire Stephen Cloobeck spoke with Fox LA KTTV about revoking his endorsement of Democratic California Rep. Eric Swalwell. (KTTV) 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. "I am now a Republican," he added to Fox 11 LA. He confirmed Swalwell would no longer be welcome at his Califor