• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

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

by October 29, 2024
written by October 29, 2024

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 comment
0
FacebookTwitterPinterestEmail

previous post
USPS gives critical warning about mail-in ballots as Election Day looms next week
next post
Judge rejects GOP bid to restrict overseas ballots in Pennsylvania

related articles

Trump DOJ to begin handing over Epstein files...

August 22, 2025

TikTok isn’t enough to stop Gen Z from...

August 22, 2025

Trump administration wins Supreme Court fight to slash...

August 22, 2025

Zelenskyy seeks ‘strong reaction’ from US if Putin...

August 22, 2025

Pentagon unveils new medal for troops deployed in...

August 21, 2025

Federal judge rules Trump appointee Alina Habba is...

August 21, 2025

‘Maine’s Mamdani’: Maine GOP chief issues warning about...

August 21, 2025

‘There are 50 swamps’: State Freedom Caucus Network...

August 21, 2025

Trump-aligned legal group probes Biden-era organ transplant program...

August 21, 2025

NATO defense chiefs stress commitment to Ukraine, discuss...

August 21, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • The Hitchhiker’s Guide to how the VP debate is sometimes more memorable than the presidential debates

    September 30, 2024
  • Trump re-designates Iranian-backed Houthis as terrorists: ‘Threatens security of American civilians’

    January 23, 2025
  • Actor Will Ferrell ‘threatens’ voters in new Harris campaign ad: ‘Shut the f— up, Gary’

    November 4, 2024
  • Israel’s drone strikes in Iran show why US must halt China’s land grab here: experts

    June 13, 2025
  • Comer widens Biden ‘cover-up’ probe, seeks interviews with Anita Dunn and Ron Klain

    June 4, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,785)
  • Investing (634)
  • Stock (893)

Latest Posts

  • I made memes for the White House. Here’s what I learned

    August 20, 2025
  • Federal judge blocks Trump’s transgender military executive order

    March 19, 2025
  • Trudeau declares himself ‘proud feminist’ after lamenting Harris loss to Trump as setback for women

    December 12, 2024

Recent Posts

  • Senate committee advances nomination of Dr Oz to run Centers for Medicare and Medicaid Services

    March 25, 2025
  • Lucid CEO steps down; EV maker plans to more than double production in 2025

    February 27, 2025
  • Musk loses more than $100B as Tesla gives up trillion-dollar company status amid sell-off

    February 27, 2025

Editor’s Pick

  • ApeCoin and Akita Inu: ApeCoin in bullish consolidation

    August 7, 2024
  • USDCHF and USDJPY: USDCHF slows this week’s gains

    August 9, 2024
  • EURUSD and GBPUSD: the pound drops to a weekly low

    August 30, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.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 © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock