Hollywood moguls and different deep-pocketed billionaires got here out in full assist of President Biden’s re-election over the past quarter by pushing tens of millions of {dollars} into his victory fund, filings present.
A number of of his prosperous supporters minimize six-figure checks to the Biden Victory Fund — a joint fundraising enterprise comprising Biden’s marketing campaign, the Democratic Nationwide Committee, all 50 state Democratic events, and Washington, D.C.’s Democratic committee — between October and December.
The setup permits rich backers to surrender to $929,600 every to the Biden Victory Fund per election cycle. Joint fundraising committees have turn out to be commonplace with each political events in recent times, permitting people to contribute much more to 1 entity, which then takes the money and strikes it among the many teams concerned within the initiative.
BIDEN’S TOP SUPER PAC RECEIVES MILLIONS IN NEW DARK MONEY FUNDS, FILINGS SHOW
President Biden’s re-election effort has acquired large boosts from Hollywood moguls and different billionaires. (AP Picture/Susan Walsh)
In response to the Biden Victory Fund’s year-end filings, director Steven Spielberg and his spouse, Kate Capshaw, every minimize the utmost $929,600 checks to the committee between October and December. Biden started making a push amongst Hollywood donors for his re-election efforts with a large Los Angeles fundraiser co-hosted by the couple late final yr.
Billionaire George Soros added $653,000 in donations. His cash got here on the heels of the $250,000 he gave to the fund within the third quarter, bringing his whole to $903,000 and placing him simply 1000’s of {dollars} away from maxing out donations to the endeavor.
George Soros has supplied greater than $900,000 to the Biden Victory Fund. (Simon Dawson/Bloomberg through Getty Photographs)
Filmmaker J.J Abrams and former Alphabet govt chairman Eric Schmidt, who labored carefully with Hillary Clinton’s failed 2016 marketing campaign, every supplied $500,000.
The Biden Victory Fund raised $70 million final quarter and at the moment has $37 million money available.
Steven Spielberg, second from proper, talks to President Biden. Spielberg and his spouse, Kate Capshaw, gave most donations to the Biden Victory Fund within the final quarter. (Picture by Kevin Mazur/WireImage, contributor)
Different notable billionaires beforehand bankrolled Biden’s joint fundraising committee in the course of the third quarter of final yr.
Laurene Powell Jobs, the widow of Steve Jobs, supplied the fund with the utmost $929,000 contribution in September.
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Throughout that point, the Biden Victory Fund additionally acquired maxed-out $929,600 donations from sports activities govt Casey Wasserman, on line casino magnate Neil Bluhm, actual property mogul Kurt Rappaport, businessman Haim Saban and philanthropist Ellen Bronfman Hauptman.