Hollywood moguls and other wealthy billionaires fully supported President Biden’s re-election in the last quarter, pouring millions of dollars into the Biden Victory Fund, according to filings.
Several of his wealthy supporters made six donations to the Biden Victory Fund (a joint fundraising effort made up of the Biden campaign, the Democratic National Committee, all 50 state Democratic parties, and the Washington, D.C., Democratic Party committee) between October and December. I cut a digit check.
The setup allows wealthy supporters to each contribute up to $929,600 to the Biden Victory Fund each election cycle. Joint fundraising committees from both political parties have become common in recent years, allowing individuals to donate much more to one organization, which then receives the cash and distributes it among groups participating in the initiative. It can be moved with .
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President Biden’s re-election effort has received significant support from Hollywood moguls and other billionaires. (AP Photo/Susan Walsh)
Director Steven Spielberg and first lady Kate Capshaw each cut checks to the committee by up to $929,600 between October and December, according to the Biden Victory Fund’s year-end filings. Biden began wooing Hollywood donors late last year for his re-election effort through a major Los Angeles fundraiser co-sponsored by the couple.
Billionaire George Soros added an additional $653,000 in donations. His money comes on the heels of his $250,000 donation to the fund in the third quarter, bringing his total to $903,000, with just a few thousand dollars left to max out his contribution to the cause. is completed.
George Soros gave more than $900,000 to the Biden Victory Fund. (Simon Dawson/Bloomberg via Getty Images)
Film director J.J. Abrams and former Alphabet executive chairman Eric Schmidt, who worked closely with Hillary Clinton’s unsuccessful 2016 campaign, each gave $500,000.
The Biden Victory Fund raised $70 million last quarter and currently has $37 million in cash on hand.
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Steven Spielberg, second from the right, talks with President Biden. Spielberg and his wife Kate Capshaw made the largest contribution to the Biden Victory Fund last quarter. (Photo by Kevin Mazur/WireImage, Contributor)
Other prominent billionaires contributed money to Biden’s joint fundraising committee in the third quarter of last year.
Steve Jobs’ widow, Laurene Powell Jobs, made a maximum donation of $929,000 to the fund in September.
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During this time, the Biden Victory Fund received support from sports executive Casey Wasserman, casino mogul Neil Bloom, real estate mogul Kurt Rapaport, businessman Haim Saban, and philanthropist Ellen Bronfman Hauptmann. , received the largest donation of $929,600.
