Here are the billionaires backing Joe Biden’s presidential campaign: by mtindera07
Before Biden became the presumptive Democratic nominee, his campaign already had big billionaire support., initially had the most billionaire donors, according to FEC filings. Others, like Cory Booker and Pete Buttigieg, also attracted dozens of billionaire supporters. Now many of those donors appear to be coalescing around Biden.
Donations from billionaires don’t automatically equal a rush of cash for a campaign. Former rival Bernie Sanders outraised Biden throughout his campaign, leaning on small-donor contributions. By the end of March Sanders had raised $215 million, $80 million more than Biden. Billionaires, like everyone else, are limited to only giving $5,600 directly to campaigns.
Then there are super-PACs, groups technically separate from campaigns that can nonetheless support a particular candidate—and accept unlimited amounts of money. Many of Biden’s richest supporters are already making six- and seven-figure donations to super-PACs supporting the former vice president’s campaign, including Unite The Country, which has spent $12.1 million on pro-Biden advertising so far, according to the latest public filings.
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