06-20-2024, 11:17 PM
No doubt just a portion of his support for Democrats.
https://wapo.st/3VTPYUt
Former New York mayor Mike Bloomberg, the billionaire entrepreneur and former Democratic presidential candidate, has given nearly $20 million to help President Biden’s reelection effort, according to people familiar with the donations.
The transfer of funds includes a $19 million check to FF PAC, a independent pro-Biden group also known as Future Forward, and a max-out donation of $929,600 to the Biden Victory Fund, an amalgamation of Biden campaign and Democratic Party committees.
Bloomberg endorsed Biden’s reelection Thursday in a statement to The Washington Post, in response to a request for comment on the donations.
“I stood with Joe Biden in 2020, and I am proud to do so again,” Bloomberg said.
These are the first public donations in the 2024 presidential race from the wealthy Republican-turned-Democrat, who has become a reliable source of major funding for Democrats in recent campaign cycles. The transfers were described by multiple people familiar with them who spoke on the condition of anonymity because they were not authorized to speak publicly.
Bloomberg, 82, who served three terms as the mayor of New York City, is the 15th wealthiest person in the world, according to Forbes magazine, with about $106 billion in assets, mostly through his privately-held financial services company, Bloomberg LP.
https://wapo.st/3VTPYUt
Former New York mayor Mike Bloomberg, the billionaire entrepreneur and former Democratic presidential candidate, has given nearly $20 million to help President Biden’s reelection effort, according to people familiar with the donations.
The transfer of funds includes a $19 million check to FF PAC, a independent pro-Biden group also known as Future Forward, and a max-out donation of $929,600 to the Biden Victory Fund, an amalgamation of Biden campaign and Democratic Party committees.
Bloomberg endorsed Biden’s reelection Thursday in a statement to The Washington Post, in response to a request for comment on the donations.
“I stood with Joe Biden in 2020, and I am proud to do so again,” Bloomberg said.
These are the first public donations in the 2024 presidential race from the wealthy Republican-turned-Democrat, who has become a reliable source of major funding for Democrats in recent campaign cycles. The transfers were described by multiple people familiar with them who spoke on the condition of anonymity because they were not authorized to speak publicly.
Bloomberg, 82, who served three terms as the mayor of New York City, is the 15th wealthiest person in the world, according to Forbes magazine, with about $106 billion in assets, mostly through his privately-held financial services company, Bloomberg LP.
