President Biden has warned Americans that an “oligarchy” of the “ultra-wealthy” is forming and poses a danger to the country, but in his farewell address Wednesday night he said that in recent years Biden’s election He did not mention the many billionaires who have supported the movement.
Biden spoke of the “dangerous concentration of power in the hands of a very wealthy few” and said, “In the United States, we are creating an oligarchy with extreme wealth, power and influence that is literally destroying our democracy.” There is wholeness, fundamental rights, freedom, and a fair chance for everyone to move forward.”
Here are five billionaires who recently supported President Biden.
1. George Soros
Left-wing billionaire, investor and philanthropist George Soros transferred $250,000 to the Biden Victory Fund in September 2023, according to a filing reviewed by Fox News Digital.
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President Biden awarded the Medal of Freedom to George Soros in early January. (Getty Images)
Mr. Soros’ check followed his largest donation to the Biden campaign that summer. Soros and his son Alex recently became administrators of the Open Society Foundations network, which funnels millions of dollars to left-wing nonprofits and causes, and on June 30, both donated $6,600 to the Biden campaign.
During the last presidential election, George gave $500,000 to the Biden Victory Fund and sent millions more to super PACs supporting him. Alex added $721,300 to the Biden Victory Fund in 2020.
2. Reid Hoffman
LinkedIn co-founder Reid Hoffman donated $699,600 to the Biden Victory Fund, the campaign’s fundraising vehicle, on April 26, 2023, according to Federal Election Commission (FEC) records.
In June 2023, Biden attended a fundraiser hosted by Hoffman on behalf of his super PAC at the private residence of Shannon Hunt-Scott and Kevin Scott in Los Gatos, California.
3. Michael Bloomberg
Former New York City mayor, billionaire entrepreneur and media mogul Michael Bloomberg has reportedly donated nearly $20 million to help President Biden run against former President Trump in the 2024 election. admitted to Fox News last year.
U.S. President Joe Biden, former New York City Mayor Michael Bloomberg, and former U.S. President Donald Trump attend the annual 9/11 Remembrance Ceremony at the National September 11 Memorial Museum in New York City on September 11, 2024. (Michael M. Santiago/Getty Images)
Mr. Bloomberg, a former Republican turned independent turned Democrat, wrote a massive $19 million check to Future Forward PAC, known as FF PAC. FF PAC was the primary super PAC supporting Biden’s bid for a second term with the white party. house.
4. Howard Schultz
Former Starbucks CEO Howard Schultz announced in 2020 that he voted for Biden that year and would contribute to the former vice president’s campaign.
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“In my view, our choice this November is not simply one candidate over another,” Schultz wrote in a letter to supporters at the time. “We are choosing to vote for the future of our republic.”
“What’s at stake is democracy itself: checks and balances, rigorous debate, a free press, and acceptance of facts rather than ‘alternative facts,'” Schultz continued. Trust in science. A strong judicial system that protects all rights to life, liberty, and the pursuit of happiness. ”
Former Starbucks CEO Howard Schultz testifies before the Senate Health, Education, Labor, and Pensions Committee at the Dirksen Senate Office Building on Capitol Hill in Washington, D.C. on March 29, 2023. Schultz has previously supported President Biden. was. (Anna Moneymaker/Getty Images)
5. Tom Steyer
In 2020, Biden reportedly brought in $4 million in a virtual fundraiser hosted by a small group of billionaires and other Silicon Valley donors.
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The virtual event was hosted by Climate Leaders for Biden, an environmental activist group that includes billionaire and former Democratic presidential candidate Tom Steyer, according to the invitation.
Greg Norman is a reporter for Fox News Digital.
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