Biden’s Top 10 Biggest Billionaire Donors

Biden’s Top 10 Biggest Billionaire Donors

President Biden often criticizes Trump for being too cozy with fellow billionaires, but Biden’s biggest backers are worth approximately $170 billion—more than triple the collective net worth of Trump’s top donors.

1. Michael Bloomberg
Donations to Biden groups: $20 million | Net worth: $106.2 billion
Bloomberg, the former New York City mayor, has spent more money on federal elections than anyone in American history. Having already donated $20 million this cycle, his contributions could significantly boost Biden’s campaign if he spends even a fraction of his 2020 total.

2. Reid Hoffman
Donations to Biden groups: $17.7 million | Net worth: $2.5 billion
The venture capitalist and LinkedIn cofounder is a major Democratic donor. Hoffman believes that “America has the best economy in the world under Biden,” contrasting this with Trump’s history of bankruptcies.

3. Jim Simons (deceased)
Donations to Biden groups: $10.2 million | Net worth: $31.4 billion
Simons, founder of Renaissance Technologies, was a longstanding liberal donor. Even in the last months of his life, he made significant contributions, including $6.6 million to Biden’s super-PAC just before his death.

4. Michael Moritz
Donations to Biden groups: $8.3 million | Net worth: $6.2 billion
The venture capitalist from Sequoia Capital, known for early investments in tech giants, has ramped up his donations for Biden’s reelection, already surpassing his contributions from the 2020 cycle.

5. Stephen Mandel
Donations to Biden groups: $6.8 million | Net worth: $2.5 billion
Founder of the hedge fund Lone Pine Capital, Mandel has a history of supporting Democratic candidates and educational initiatives. He and his wife have collectively contributed $6.8 million this cycle.

6. Dustin Moskovitz
Donations to Biden groups: $4.2 million | Net worth: $17.8 billion
The Facebook cofounder is known for his significant political donations. Moskovitz tends to make large contributions later in the election cycle, so his total donations are expected to rise.

7. Seth Klarman
Donations to Biden groups: $3.6 million | Net worth: $1.3 billion
The Baupost Group founder shifted from being a major Republican donor to supporting Democrats after Trump’s rise. Klarman has already contributed $3.6 million to Biden groups this cycle.

8. Henry Laufer
Donations to Biden groups: $3.5 million | Net worth: $2.6 billion
A former Renaissance Technologies executive, Laufer has been a consistent donor to Democratic campaigns. He and his wife have collectively given $3.5 million to support Biden.

9. Avram Glazer
Donations to Biden groups: $1.6 million | Net worth: $1.7 billion
Co-chairman of Manchester United, Glazer has leaned more left in recent years. He has already donated $1.7 million to Democratic groups during the 2022 midterms and $1.6 million to Biden groups this cycle.

10. Amy Goldman Fowler
Donations to Biden groups: $1.2 million | Net worth: $1.1 billion
Heiress Amy Goldman Fowler, known for her horticultural achievements, has significantly contributed to Democratic causes, including $1.2 million to groups supporting Biden over the past two years.