Media moguls and tech executives powered a spring fundraising blitz for one of Joe Biden’s campaign committees.
The Biden Victory Fund — which supports the former vice president’s presidential bid along with the Democratic National Committee and 26 state parties — raked in $86.4 million from April through June thanks largely to giant gifts from big-name donors, according to Bloomberg News.
They included $617,800 from Quibi founder Jeffrey Katzenberg and more than $500,000 from Meg Whitman, the short-form streaming service’s CEO and onetime Republican candidate for California governor, federal records show. Disney executive chairman Bob Iger gave the fund $250,000, records show.
The fund recorded maximum donations of $620,600 from ten people including at least three tech honchos, according to Bloomberg: Facebook co-founder Dustin Moskovits, Zynga co-founder Mark Pincus and Twilio co-founder Jeff Lawson.
Barry Diller, the billionaire media tycoon and IAC chairman, also maxed out with two separate donations on June 24, records show.
In all, more than 60 percent of the Biden fund’s haul came from 400 people who gave at least $50,000, Bloomberg reported. But it still lagged behind the $152.2 million raised by two operations backing President Trump’s campaign and the Republican National Committee, according to the news service.
Big-name contributions to Trump’s re-election bid included $355,000 from New York Knicks owner James Dolan and $360,600 from Home Depot co-founder Bernard Marcus, according to Bloomberg.
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July 17, 2020 at 11:05PM
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Media, tech honchos are fueling Joe Biden's fundraising blitz - New York Post
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