Left-wing billionaire Michael Bloomberg has donated a whopping $20 million to Democrat President Joe Biden’s re-election campaign.
The former New York City mayor hopes the donation will boost Biden’s chances of stopping President Donald Trump from winning re-election in the critical November election.
Bloomberg, a one-time Republican turned independent turned Democrat who briefly ran unsuccessfully against Biden for the 2020 presidential nomination, wrote a massive $19 million check to the Future Forward PAC.
FF PAC is the leading super PAC supporting Biden’s bid for a second term in the White House.
Bloomberg also gave the maximum donation of $929,600 to the Biden Victory Fund.
The fundraising committee benefits the president’s re-election campaign and various Democratic Party committees.
“I stood with Joe Biden in 2020, and I am proud to do so again,” Bloomberg said in a statement to the Washington Post.
The Post was the first outlet to report the massive contributions.
Bloomberg shelled out a staggering $1 billion of his own money on his failed 2020 Democrat presidential nomination bid.
After he dropped out of the race, he transferred roughly $18 million to the Democratic Party.
He also separately announced the funding of a $100 million independent ad campaign to boost Biden’s White House bid.
Bloomberg, who at 82 is one year older than Biden, is the 15th richest person in the world.
He has approximately $106 billion in assets, according to Forbes Magazine.
The world’s richest person, Elon Musk, whose net worth is double that of Bloomberg, is backing President Trump, meanwhile.
As the news of the Bloomberg contributions began to emerge, even larger donations have flowed into Trump’s coffers.
Conservative billionaire donor Timothy Mellon gave a mind-boggling $50 million contribution last month to a leading super PAC supporting Trump’s White House bid.
According to a federal disclosure filing on Thursday, Mellon made his contribution to Make America Great Again (MAGA) Inc. the day after Trump was convicted of all 34 felony counts in his criminal trial.
The “guilty” verdict in the “hush money” case triggered a flood of donations to Trump’s campaign.
The New York Times was the first to report the contribution from Mellon, who’s an heir to the Pittsburgh-based Mellon banking family.
In its fundraising filings, MAGA Inc. disclosed that it brought in over $68 million in fundraising last month, with most of the money coming from Mellon.
Another $10 million was also received from the conservative mega-donors Dick and Liz Uihlein, founders of the Uihlein shipping and packaging company.
The super PAC announced a few days after the Mellon donation that they were reserving $100 million in ad reservations to run spots this summer in support of Trump.
The latest contribution from Mellon follows a previous $25 million donation earlier this cycle to MAGA Inc.
Mellon also contributed roughly the same amount to American Values.
American Values is the main super PAC supporting Democrat-turned-independent Robert F. Kennedy Jr.’s presidential campaign.
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