President Biden’s transition group raised greater than $20 million, together with donations from famend enterprise moguls and staples of the Hollywood superstar circuit like George Soros, Laurene Powell Jobs, and Robert De Niro.
The president’s group spent practically $24.4 million by way of mid-February, based on data disclosed on Monday by the Common Companies Administration, however Biden additionally raised an astounding $22.1 million from non-public donors.
Donald Trump, in contrast, raised $6.5 million and Barack Obama raised about $4 million.
Transitions are sometimes paid for by a mix of private and non-private funds. Acceptance of presidency assist is conditional upon agreeing to reveal donations, that are capped at $5,000 per particular person.
Right here’s a take a look at among the main names who donated to Biden’s transition efforts:
Left-wing billionaire George Soros ($5,000)
DreamWorks cofounder Jeffrey Katzenberg: ($5,000)
“Household Man” creator Seth MacFarlane ($5,000)
Fmr. Virginia Gov. Terence McAuliffe ($5,000)
Movie producer Abigail Disney ($5,000)
Billionaire heiress Laurene Powell Jobs ($5,000)
Actress Sharon Stone ($5,000)
Actress Patricia Arquette (5,000)
Actor Leonardo DiCaprio ($5,000)
Well-known investor James Chanos ($5,000)
Actress Jennifer Aniston ($5,000)
Actor Robert De Niro ($5,000)
As previously reported by FOX Business, as a result of Trump contested the result of the 2020 election, Biden didn’t obtain federal transition funds till the top of November. Within the meantime, he continued to lift cash from his supporters.
Biden’s transition has spent a large sum of money – nearly $20 million greater than the $4.7 million spent by Trump’s group over the comparable interval in 2017.