He's living proof of a truism H.L. Mencken noted nearly 100 years ago, i.e. that for a certain kind of person in America, failure is something you've got to sprint after at full speed to catch – it won't come to you:
"In the United States the business of getting a living is enormously easier than it is in any other Christian land – so easy, in fact, that a forehanded man who fails at it must almost make deliberate efforts to that end.
"Here the general average of intelligence, of knowledge, of competence, of integrity, of self-respect, of honor is so low that any man who knows his trade, does not fear ghosts, has read fifty good books, and practices the common decencies stands out as brilliantly as a wart on a bald head."
he might run for high office anyway, and would get lots of people to fund his effort, still more proof of how awesome it is to be a white guy in America.
Here you can be not just a failure, not just a spectacular failure, but a spectacular public failure, and people will keep throwing money and opportunities at you.