Billionaires poured hundreds of thousands of {dollars} into presidential tremendous PACs in August (360taazanews.com)

Billionaires poured hundreds of thousands of {dollars} into presidential tremendous PACs in August (360taazanews.com)


The nation’s rich opened their wallets in August with a deal with election season, donating hundreds of thousands to the tremendous PACs backing Vice President Kamala Harris, former President Donald Trump and Democrats and Republicans all through the nation, based on month-to-month stories filed with the Federal Election Commission on Friday.

The largest single-contributor donations went to MAGA Inc., the tremendous PAC backing Trump, with Wisconsin roofing billionaire Diane Hendricks, a prolific GOP megadonor, giving $10 million to the group.

Howard Lutnick, the CEO of the monetary companies firm Cantor Fitzgerald, and Paul Singer, the president of Elliott Management, an funding administration agency, each gave $5 million to MAGA Inc.

Annette Caldwell Simmons, the widow of businessman Harold Simmons, gave $2 million to MAGA Inc., whereas Warren Stephens, the CEO of funding financial institution Stephens Inc., gave $1 million.

On the Democratic aspect, tech entrepreneurs had been the largest donors to FF PAC, often known as Future Forward, a brilliant PAC backing Harris’ presidential bid.

Wisconsin roofing billionaire Diane Hendricks, a prolific GOP megadonor, gave $10 million to MAGA Inc.Leon Neal / Getty Images file

The largest donors to the group in August had been Facebook and Asana co-founder Dustin Moskovitz, Netflix co-founder Reed Hastings and Twilio co-founder Jeff Lawson and his spouse, Erica.

Moskovitz donated $3 million to FF PAC, whereas Hastings, Jeff Lawson and Erica Lawson every gave $1 million.

Hastings, who’s a serious backer of Democrats, was one of many largest Democratic donors to publicly name for President Joe Biden to step apart from his re-election marketing campaign earlier this yr.

The stories out Friday solely included donations from Aug. 1 by Aug. 31, the primary full month that Harris was the presumptive — and later official — Democratic presidential nominee.

Super PACs like FF PAC and MAGA Inc. are havens for prolific political megadonors like Hendricks, Lutnick and Hastings as a result of, in contrast to campaigns and their affiliated committees, tremendous PACs don’t have limits on how a lot people can donate.

Further down the poll, Club for Growth Action, a conservative tremendous PAC that enhances GOP congressional and Senate candidates, obtained two main donations in August of $5 million every from Jeff Yass, the co-founder of Susquehanna International Group, a buying and selling group, and Richard Uihlein, the founding father of delivery provide firm Uline.

Yass and Uihlein are each main GOP megadonors who’ve given to Club for Growth and different conservative teams for a number of election cycles.

On the Democratic aspect, House Majority PAC, a gaggle that enhances Democrats working for Congress, obtained $600,000 in August from Amos Hostetter Jr., the co-founder of Continental Cablevision, the largest donation to the group for this submitting interval.

Hostetter has a historical past of donating to anti-Trump teams.


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