Former New York City Mayor Mike Bloomberg has endorsed President Joe Biden for his re-election and donated $20 million to support Biden’s campaign.
Bloomberg, 82, said he supports Biden again, as he did in 2020.
Donations
Future Forward USA PAC: Bloomberg gave $19 million to this pro-Biden group.
Biden Victory Fund: He donated $929,600 to this fundraising committee for Biden’s campaign and the Democratic National Committee.
Last month, Biden awarded Bloomberg the Presidential Medal of Freedom, the highest civilian honor in the U.S., praising his contributions to finance, media, and philanthropy.
Background
Bloomberg made his fortune in financial technology.
He was the mayor of New York City from 2002 to 2013, first as a Republican and then as an independent.
In 2018, he registered as a Democrat again, the party he was originally affiliated with.
He spent over $1 billion on his 2020 presidential run but did not win the Democratic primaries.
Bloomberg’s net worth is $106 billion, placing him just outside the top 10 richest people in the world, according to Forbes.
In May, Biden’s campaign and the Democratic National Committee raised $85 million for the 2024 presidential race.