Billionaire Donors for the Biden and Trump Campaigns
With just a month until the U.S. presidential
election on November 3, Democratic candidate Joe
Biden has received donations from 149
billionaires, totalling about $564 million.
Republican Party candidate Donald Trump has
received donations from 102 billionaires for a
total of about $173 million. These are donations
directly to their respective campaigns and their
committees, while many millions more are donated
to their super Political Action Committees (PACs).
The figures are based on Federal Election
Commission filings, which means some funds to
super PACs that do not require the donor to be
named are not included.
Forbes Magazine has now created a
"Billionaire Donor Hub" to track billionaire
funding of Biden and Trump.[1] Biden gets the
large majority of funds from those involved in
"Finance and Investments" and "Technology," far
surpassing Trump in those categories. Trump's
support is from those in "Sports" and "Gambling
and Casinos." He also receives donations from all
seven billionaires listed under "Energy,"
including $1.7 million from Kelcy Warren, of
Energy Transfer Partners, engaged in natural gas
pipelines and wind farms. Jeffery Hildebrand, head
of Hilcorp, the largest privately owned oil
company contributed $900,000.
Since May, Biden has added more than two dozen
new names to his roster of billionaire donors. His
newest supporters include George Soros, who gave
$505,600 to Biden's joint fundraising committee
with the Democratic National Committee. Soros, a
major Clinton backer, has spent more than $8
million this election cycle.
Biden has six hedge fund managers in his top 10
contributors. His other new donors are mostly top
Internet billionaires. These include Twilio CEO
Jeff Lawson, who contributed $1.2 million;
Facebook's Dustin Moskovitz ($620,600) and Sean
Parker ($578,000); Zynga founder Mark Pincus
($626,200); and Twitter cofounder Ev Williams
($250,500). Nicole Systrom, who is married to
Instagram cofounder Kevin Systrom, donated
$250,000.
Billionaire Jeff Skoll, who was eBay's first
full-time hire, gave $620,600 between May and
June. Skoll was born in Canada and became a U.S.
citizen in 2007. In addition to his donations to
the Biden committees, he gave $4.5 million in May
and June to super PACs supporting Biden and Senate
Democrats.
Additional new billionaire donors include: Gary
and Laura Lauder of Estée Lauder ($240,000); Jim
Coulter, TPG Capitol, a private equity giant
($100,000); Nicole Shanahan, wife of Google
co-founder Sergey Brin, ($25,000); Merryl Zegar,
wife of Charles Zegar, Bloomberg LP ($12,200);
Nicholas Pritzker, Hyatt Hotels and TAO Capital
Partners ($5,600).
About 54 per cent of Trump's current donors did
not contribute to his 2016 campaign, many giving
to others running in the presidential primary at
that time. This includes Stephen Schwarzman of
Blackstone Group, now one of his top donors at
about $3.7 million. According to Forbes he
is one of the richest people on Wall Street and
one of the largest political donors in the U.S. He
previously backed Jeb Bush.
Additional
billionaire donors making six figure donations to
Trump include: Dennis
and Phyllis Washington, construction and mining
(Washington Companies
and Seaspan Marine Corporation), $1 million; Ira
and Ingeborg Rennert,
investments (Renco Group), $900,000; Steve Wynn,
casinos and hotels,
$468,500; Ronald and Joyce Wanek, Ashley
Furniture, $420,000; Farris
and Dan Wilks, natural gas and fracking (Frac
Tech), $250,000 and
$50,000; Joe Liemandt, software (Trilogy Software
and ESW Capital),
$200,000; Tilman and Paige Fertitta, owners of the
Houston Rockets,
$140,000; Ron Perelman, investments and leveraged
buyouts (MacAndrews
and Forbes), $125,000; Charles and Helen Dolan,
cable television
(Cablevision Systems Corp.), $125,000; Benjamin
Lewis, husband of Jane
Goldman, real estate (Solil Management), $100,000;
Dan Snyder,
Washington Football Team, $100,000; Douglas and
Patricia Leone, venture
capital (Sequoia Capital), $100,000.
Trump's new contributors include two Republican
stalwarts, Bernard and Billi Marcus of Home Depot,
who gave a combined $721,200 in May. Oracle CEO
Safra Catz and her husband Gal Tirosh gave
$250,000 to Trump's joint fundraising committees
in June. West Virginia's Republican governor and
coal billionaire Jim Justice donated $100,000 to
Trump Victory and $27,500 to a pro-Trump
super-PAC. Trump also received new support from
Rodger Riney, the co-founder of discount brokerage
firm Scottrade; and Thomas Duff, who is one of the
owners of Southern Tire Mart. Each made small
contributions of less than $2,800.
Note
1. For the "Billionaire
Donor Hub" click
here.
This article was published in
Volume 50 Number 37 - October 3, 2020
Article Link:
Billionaire Donors for the Biden and Trump Campaigns
Website: www.cpcml.ca
Email: editor@cpcml.ca
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