Billionaires from major industries such as banking, technology, and media are preparing to pour millions of dollars into President Joe Biden’s reelection campaign in 2024.
Left-wing billionaires quickly began making plans to back the 80-year-old in the 2024 presidential race after Biden launched his candidacy for reelection last week. According to interviews and individuals who talked with CNBC, billionaires from a variety of businesses want to contribute to Biden’s reelection.
Reid Hoffman, the co-founder of LinkedIn and who is worth $2 billion, is allegedly proposing to throw fundraisers for Biden. Hoffman only recently visited the White House, most likely to confer with Biden and his campaign staff about the race.
Investor Haim Saban, who is worth $2.9 billion, co-founder of DreamWorks Jeffrey Katzenberg, who is worth $1 billion, and Charles Myers, Signum Global Advisors founder, whose net worth is not known, are other billionaires who have thrown their support to Biden.
“Stakes are greater than ever,” Myers informed CNBC.
Donald Sussman, a hedge fund CEO, has said that Biden is similar to President Franklin D. Roosevelt in terms of what he has done legislatively and executively with his “Build Back Better” platform.
“I am delighted that his unique leadership shall continue,” Sussman remarked.
Alexander Soros, who is the son of billionaire George Soros, is also expected to put money towards Biden’s reelection. According to a recent report, the 37-year-old has paid a visit to Biden’s White House on fourteen occasions since early 2021.
The rich contributors for Biden are anticipated and welcomed news for a White House loaded with previous top executives and staffers related to big business, big tech, and the financial sector.
More than 30 of Biden’s largest funders in the 2020 election had Wall Street links, according to a CNN investigation at the time, and Biden’s campaign was funded by virtually “all the big institutions” on Wall Street.