Unique Crypto Strategies
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

Unique Crypto Strategies

Politics

Michael Bloomberg becomes 2nd largest Harris donor behind George Soros: Report

by October 29, 2024
October 29, 2024
Michael Bloomberg becomes 2nd largest Harris donor behind George Soros: Report

Former New York City mayor and billionaire businessman Michael Bloomberg became the second-largest individual donor to Vice President Kamala Harris’ campaign after George Soros, following a reported $50 million donation to the main super PAC funding the vice president’s campaign. 

Bloomberg donated nearly $20 million over the summer to support President Biden’s re-election campaign, but he conspicuously held out any donations to Harris after she replaced Biden on the Democratic Party’s ticket. However, amid pressure from fellow billionaires, Bloomberg did finally cut a check to support Harris, according to The New York Times, which reportedly spoke with four people who are familiar with the donation. 

The $50 million went to Future Forward USA Action, the main dark money super PAC that is supporting Harris. Prior to Harris taking over the ticket, Future Forward was the main political action committee supporting Biden.

Bloomberg’s donation follows another $50 million donation to Future Forward from Bill Gates. Sources who spoke to the Times indicated that Bloomberg and his team had been fielding requests from high-profile Democratic donors, such as Gates, LinkedIn co-founder Reid Hoffman and venture capitalist Ron Conway, urging the former mayor to consider cutting a check for Harris. Two people familiar with the matter said that Bloomberg also recently spoke with Harris over the phone.

Michael Smith, president of House Majority PAC, defended Bloomberg’s decision to wait until the final days before the election to donate, calling the move ‘deliberate’ and ‘sophisticated,’ according to the Times. ‘There should be no expectation that any individual donor is just going to give to you,’ Smith argued. ‘Mike’s not giving money to anyone just to give money.’  

Meanwhile, Quentin James, the founder and president of Collective PAC, told The Times that he ‘very clearly’ disagrees with the strategy ‘because time, not late money, is always our best weapon.’

Prior to Bloomberg’s most recent donation, the former New York City mayor had given roughly $47 million in federally disclosed political contributions this cycle, according to reports. That included his nearly $20 million given to Biden before he dropped out, which went to Future Forward, and another $10 million to support Democrats in the House. 

The Times reported that Bloomberg was hesitant to give additional funds to Future Forward beyond his initial $20 million he gave when Biden was running, with the billionaire citing the success the vice president was already having fundraising.

According to The Times, Bloomberg felt spending his money on ballot initiatives and other state initiatives was a bigger priority. Just this week, Bloomberg gave $2.5 million to oppose a ballot measure in Massachusetts that aims to get rid of standardized testing requirements for high school graduates. 

Bloomberg’s donations this cycle are much smaller than they were in 2020. After breaking spending records on his own campaign that year, Bloomberg dropped out but continued helping Democrats to the tune of around $173 million. It was reported that he gave $100 million alone to Biden just to help him win in the state of Florida. Bloomberg’s $173 million in 2020 is $126 million more than he spent in this current presidential cycle.

Fox News Digital reached out to Bloomberg Philanthropies, but the group declined to comment.

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Teen accused of girls’ murder at UK dance class faces terrorism charge
next post
Trump rips House Republican who voted to impeach him in message endorsing his rival

You may also like

Gold Star families devastated by Biden’s botched Afghanistan...

Iran executes over 1K prisoners in 2024, highest...

DAVID MARCUS: Sanders-AOC comedy tour is sign of...

Top political courtroom moments of 2024

Trump pulls his nomination for DC US attorney,...

NASA shutters DEI office as Trump admin downsizes...

Michelle Obama skips Trump inauguration as Barack arrives...

Israel slams Palestinian ‘deception scheme’ over claim it...

World leaders, US politicians react to Israel-Hamas cease-fire...

Election Day in Wisconsin, Florida: What to watch...

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Department of Justice opens criminal investigation into NY AG Letitia James

    • Brunswick Exploration Announces Brokered Private Placement for Gross Proceeds of up to C$2.5 Million, with a Lead Order from a Strategic Investor

    • Drill Contract Awarded for Elizabeth Hill. Technical Visit Completed to Define Drill Targets

    • $2.6M Placement and SPP to fast-track China entry and sales

    • Trump’s first vice president urges his old boss against raising taxes on wealthy Americans

    Categories

    • Business (439)
    • Investing (2,066)
    • Politics (3,419)
    • Uncategorized (1)
    • World (2,180)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: uniquecryptostrategies.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 uniquecryptostrategies.com | All Rights Reserved


    Back To Top