Michael Bloomberg, a former Democrat Party presidential hopeful and ex-mayor of New York City, is now backing President Joe Biden’s campaign.
Bloomberg, a prominent liberal donor in the United States, is throwing his financial support behind President Biden.
Two committees linked to the president’s reelection effort reported raising $77.1 million in May, with a combined cash on hand of $183.9 million at the end of the month.
Biden For President announced raising over $85 million in June, entering the month with a “war chest” of $212 million.
Former New York Mayor Michael Bloomberg made a significant contribution to President Biden’s allied political action committee, Future Forward PAC, with a $19 million donation in May.
Bloomberg, known for his role in Bloomberg LP and tenure as mayor, is a key supporter of liberal causes and a major donor to the Democrat Party.
He has donated substantial amounts to federal political causes, including a significant contribution to Independence USA PAC in support of President Biden in 2020.
In May, FF PAC also received donations from liberal megadonors George Soros, James Simons, and Fred Eychaner, as well as various unions and their affiliated political action funds.
The contributions from these donors highlight the support President Biden is receiving from key figures in the political and financial landscape.
Overall, Michael Bloomberg’s backing of President Biden’s campaign, along with other significant donors and unions, underscores the financial support behind the president’s reelection efforts.
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