Here Are The Billionaires Backing Joe Biden’s Presidential Campaign

Wealth

Forty-four billionaires and their spouses have donated to Joe Biden’s presidential campaign, according to a review of the latest federal filings, making the former vice president one of the biggest billionaire beneficiaries of the 2020 field.

The list includes famous names like former Hewlett-Packard CEO Meg Whitman, ex-Google CEO Eric Schmidt and arts patron Eli Broad. There are also lesser-known tycoons like casino and real estate scion Neil Bluhm and Marcus & Millichap founder George Marcus, who have hosted $1,000-a-head fundraisers for the former vice president, according to pool reports. Marcus described Biden as “probably the most sterling individual that we could imagine would occupy the office of the White House.” Altogether, Forbes found 26 billionaires and 18 billionaire spouses who have contributed to the campaign.

Eighteen got rich in finance and investments—six in hedge funds, five in private equity. Seven owe their fortunes to real estate and five to the tech sector. Nearly all the billionaires are self-made businesspeople rather than lucky heirs.

Biden got off to a late start fundraising after waiting until April to launch his campaign. He made up ground quickly, receiving contributions from 25 billionaires and their spouses by June, then another 19 by the end of September. The former vice president got more billionaire support than any other candidate in the third quarter of 2019.

Most of his billionaire donors contributed $2,800, the most any individual can give directly to a candidate’s campaign, per election. Only five of the 44 supporters gave exclusively to Biden. The former vice president’s total fundraising haul of $38 million still trails rivals like Bernie Sanders ($75 million) and Elizabeth Warren ($60 million).

Biden’s billionaire backers may come in handy down the line. In October, a pro-Biden super PAC called Unite The Country sprang to life. Super PACs, which can end up buying ads to support or oppose particular candidates, are not controlled directly by campaigns. Unite The Country has yet to disclose how much money it has raised or who is supplying its funds.

How Joe Biden’s Donors Got Rich

Forbes found that 44 billionaires and their spouses have donated to Biden’s presidential campaign committee. Their fortunes stem from eight industries.

Biden’s billionaire backers, ordered by net worth:

JIM SIMONS

Net worth: $21.6 billion*

Source of wealth: Hedge funds

Size of donation: $2,800

Also supported: Michael Bennet, Jay Inslee (dropout)

Other notable contributions: DNC Services Corp./Democratic National Committee ($355,000); Democratic Senatorial Campaign Committee ($246,000); Democratic Congressional Campaign Committee ($246,500)**

LEN AND EMILY BLAVATNIK

Net worth: $19.5 billion

Source of wealth: Diversified

Size of donation: $5,600 

Also supported: Pete Buttigieg 

Other notable contributions: DCCC ($248,500); McCarthy Victory Fund, to support California Republican congressman Kevin McCarthy ($200,000)

ERIC SCHMIDT    

Net worth: $15.3 billion 

Source of wealth: Google 

Size of donation: $2,800

Also supported: Cory Booker 

Other notable contributions: Nancy Pelosi Victory Fund ($35,500)

STEWART AND LYNDA RESNICK       

Net worth: $9 billion

Source of wealth: Agriculture, water 

Size of donation: $5,600

Also supported: Michael Bennet, Cory Booker, Kamala Harris (dropout), John Hickenlooper (dropout), Amy Klobuchar   

Other notable contributions: Nancy Pelosi Victory Fund ($518,200)

JOHN AND ANN DOERR     

Net worth: $7.6 billion

Source of wealth: Venture capital 

Size of donation: $5,600

Also supported: Cory Booker, Kamala Harris (dropout)  

Other notable contributions: Nancy Pelosi Victory Fund ($92,200) 

ELI BROAD

Net worth: $6.8 billion

Source of wealth: Home building, financial services

Size of donation: $2,800

Also supported: Michael Bennet, Cory Booker, Kamala Harris (dropout)  

Other notable contributions: PAC For A Change, political action committee that opposes Republican candidates ($25,000) 

MELLODY HOBSON, WIFE OF GEORGE LUCAS  

Spouse’s net worth: $6.4 billion 

Source of wealth: Star Wars

Size of donation: $2,800

Also supported: Cory Booker, Kamala Harris (dropout), John Hickenlooper (dropout)  

Other notable contributions: DSCC ($35,500); DCCC ($35,500)

KATHARINE RAYNER            

Net worth: $6.4 billion

Source of wealth: Media, automotive 

Size of donation: $2,000

Also supported: Pete Buttigieg

Other notable contributions: DCCC ($35,500)

KATHERINE FARLEY, WIFE OF JERRY SPEYER  

Spouse’s net worth: $4 billion 

Source of wealth: Real estate

Size of donation: $2,800

Also supported: Amy Klobuchar  

NEIL BLUHM       

Net worth: $3.9 billion

Source of wealth: Real estate

Size of donation: $2,800

Also supported: Amy Klobuchar, Kirsten Gillibrand (dropout), John Hickenlooper (dropout) 

Other notable contributions: Delgado for Congress, to support New York Democratic congressman Antonio Delgado ($2,800) 

JONATHAN AND MINDY GRAY

Net worth: $3.8 billion 

Source of wealth: Blackstone 

Size of donation: $5,600

Also supported: Michael Bennet, Cory Booker, Pete Buttigieg, Kirsten Gillibrand (dropout), Amy Klobuchar, Kamala Harris (dropout), John Hickenlooper (dropout), Seth Moulton (dropout), Beto O’Rourke (dropout)

Other notable contributions: DSCC ($71,000); DCCC ($71,000)

DAVID BONDERMAN

Net worth: $3.7 billion 

Source of wealth: Private equity 

Size of donation: $2,800

Also supported: Michael Bennet, Cory Booker, Kamala Harris (dropout)  

Other notable contributions: DSCC ($35,500)

MEG WHITMAN   

Net worth: $3.6 billion

Source of wealth: eBay

Size of donation: $2,800

Also supported: John Hickenlooper (dropout)

Other notable contributions: The Procter & Gamble Company Good Government Fund ($5,000) 

GABE NEWELL     

Net worth: $3.5 billion

Source of wealth: Video games

Size of donation: $2,800

Also supported: N/A 

HERB AND BUI SIMON     

Net worth: $3.3 billion

Source of wealth: Real estate 

Size of donation: $5,600

Also supported: Michael Bennet, Steve Bullock (dropout), John Delaney, Kamala Harris (dropout), Amy Klobuchar, Andrew Yang

Other notable contributions: Team Holcomb, to support Republican Indiana governor Eric Holcomb ($50,000)

DANIEL AND JANE OCH    

Net worth: $3.2 billion

Source of wealth: Hedge funds 

Size of donation: $5,600

Also supported: Tom Steyer

Other notable contributions: Ted Deutch for Congress Committee, to support the Florida Democratic congressman ($1,500)

LIZ LEFKOFSKY, WIFE OF ERIC LEFKOFSKY      

Spouse’s net worth: $2.8 billion

Source of wealth: Groupon

Size of donation: $2,800

Also supported: Beto O’Rourke (dropout) 

Other notable contributions: Marie Newman for Congress, to support the Illinois Democratic candidate for Congress ($2,800)

STEPHEN AND SUSAN MANDEL      

Net worth: $2.8 billion 

Source of wealth: Hedge funds 

Size of donation: $5,600

Also supported: John Delaney, Steve Bullock (dropout)

Other notable contributions: Planned Parenthood Votes ($1.3 million) 

BRUCE AND MARTHA KARSH

Net worth: $2.2 billion 

Source of wealth: Private equity 

Size of donation: $5,600

Also supported: Michael Bennet, Kamala Harris (dropout)    

Other notable contributions: DNC Services Corp. / Democratic National Committee ($135,500) 

HOWARD AND NANCY MARKS         

Net worth: $2.2 billion

Source of wealth: Private equity

Size of donation: $5,600

Also supported: Michael Bennet 

Other notable contributions: Josh Gottheimer for Congress ($8,400), to support the New Jersey Democratic congressman; Mark Kelly for Senate, to support the Arizona Democratic candidate ($11,200)

KATHY YARBROUGH, WIFE OF JON YARBROUGH

Spouse’s net worth: $2.2 billion

Source of wealth: Video games 

Size of donation: $2,800

Also supported: Pete Buttigieg

S. DANIEL ABRAHAM       

Net worth: $2 billion

Source of wealth: Slim-Fast

Size of donation: $2,800

Also supported: Amy Klobuchar

Other notable contributions: AB PAC, super PAC that opposed Alabama Republican Senate candidate Roy Moore in 2018 ($250,000); DNC Services Corp./Democratic National Committee ($150,000) 

AILEEN ROBERTS, WIFE OF BRIAN ROBERTS    

Spouse’s net worth: $2 billion

Source of wealth: Comcast

Size of donation: $2,800

Also supported: N/A

Other notable contributions: McCarthy Victory Fund ($35,000); National Republican Senatorial Committee ($5,000) 

MARC LASRY       

Net worth: $1.8 billion 

Source of wealth: Hedge funds 

Size of donation: $2,800 

Also supported: Cory Booker, Pete Buttigieg, Kirsten Gillibrand (dropout), Kamala Harris (dropout), Joe Sestak (dropout)

Other notable contributions: Mark Kelly for Senate ($2,800)

JUDY DIMON, WIFE OF JAMIE DIMON          

Spouse’s net worth: $1.7 billion 

Source of wealth: JPMorgan Chase

Size of donation: $2,800

Also supported: Cory Booker, John Delaney

JONATHAN AND LIZZIE TISCH       

Net worth: $1.6 billion 

Source of wealth: Insurance, NFL team 

Size of donation: $5,600

Also supported: Cory Booker, Pete Buttigieg, Amy Klobuchar 

Other notable contributions: Priorities USA Action, political action committee that opposes Republicans and support Democratic candidates ($100,000)

GEORGE MARCUS

Net worth: $1.5 billion

Source of wealth: Real estate 

Size of donation: $2,800

Also supported: N/A

Other notable contributions: SMP, super PAC that supports Democratic candidates ($1 million); House Majority PAC, super PAC that opposes Republican candidates ($1 million)

SUSAN SAROFIM, WIFE OF FAYEZ SAROFIM   

Spouse’s net worth: $1.5 billion

Source of wealth: Money management

Size of donation: $2,800

Also supported: Julian Castro, Beto O’Rourke (dropout)  

Other notable contributions: DSCC ($35,500)

DANIEL LUBETZKY

Net worth: $1.1 billion

Source of wealth: KIND Healthy Snacks

Size of donation: $2,800

Also supported: Pete Buttigieg, Beto O’Rourke (dropout) 

Other notable contributions: Kentucky State Democratic Central Executive Committee ($10,000) 

CHRIS AND CRYSTAL SACCA

Net worth: $1.1 billion 

Source of wealth: Venture capital 

Size of donation: $5,600

Also supported: Cory Booker, Pete Buttigieg, Kamala Harris (dropout), Jay Inslee (dropout), Beto O’Rourke (dropout), Elizabeth Warren 

Other notable contributions: Kathleen Williams for Montana, to support the Democratic candidate’s congressional campaign ($5,600); Amy McGrath for Senate, to support the Kentucky Democratic candidate ($4,200)

LAURIE TISCH     

Net worth: $1.1 billion

Source of wealth: Insurance, NFL team 

Size of donation: $1,000

Also supported: Cory Booker, Pete Buttigieg

Other notable contributions: Planned Parenthood Votes ($10,000); Iowa Democratic Party ($10,000)

ROBERT AND JANE TOLL

Net worth: $1 billion

Source of wealth: Home building

Size of donation: $5,600

Also supported: N/A

Other notable contributions: Maine Democratic Party ($10,000) 

* Forbes Real-Time net worth as of Dec. 6, 2019.  

** Contribution amounts represent donations given from January to September 2019, according to Federal Election Commission filings.

This post will be updated as new filings are released.

Additional reporting by Giacomo Tognini.

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