Bloomberg Backs Biden With $20 Million Donation
SUMMARY
Former New York City Mayor and Democratic megadonor Michael R. Bloomberg has donated nearly $20 million to support President Biden’s re-election campaign. Bloomberg gave $19 million to Future Forward, the main Democratic super PAC backing Biden, and $929,600 to the Biden Victory Fund, a joint fundraising committee with the Democratic National Committee. Bloomberg, who spent $1 billion on his own 2020 presidential campaign, supported Biden after dropping out and contributed significantly to his campaign. The $19 million donation is notable but small compared to Future Forward's $250 million ad campaign planned for seven battleground states.
