President Biden is warning Americans of an ‘ultra-wealthy’ ‘oligarchy’ taking shape that is presenting a danger to the country, but did not mention in his farewell speech Wednesday night the numerous billionaires that have supported his campaigns in recent years.
Biden spoke about the ‘dangerous concentration of power in the hands of a very few, ultra-wealthy people’ and said ‘an oligarchy is taking shape in America of extreme wealth, power and influence that literally threatens our entire democracy, our basic rights, freedoms, and a fair shot for everyone to get ahead.’
Here are five billionaires who have recently supported President Biden:
1. George Soros
George Soros, a left-wing billionaire, investor and philanthropist, sent $250,000 to the Biden Victory Fund in September 2023, filings reviewed by Fox News Digital show.
Soros’ check followed a maxed-out contribution directly to Biden’s campaign that summer. Soros and his son Alex, who recently took control of the Open Society Foundations network that funnels large amounts of money to left-wing nonprofits and causes, both pushed $6,600 to Biden’s campaign on June 30.
During the last presidential election, George provided $500,000 to the Biden Victory Fund while sending millions more to super PACs backing him. Alex added $721,300 to the Biden Victory Fund in 2020.
2. Reid Hoffman
LinkedIn co-founder Reid Hoffman donated $699,600.00 on April 26, 2023, to the Biden Victory Fund, the campaign’s joint fundraising vehicle, according to Federal Election Commission (FEC) records.
Biden attended a fundraiser that Hoffman hosted on behalf of the super PAC at the private residence of Shannon Hunt-Scott and Kevin Scott in Los Gatos, California, in June 2023.
3. Michael Bloomberg
Former New York City mayor, billionaire entrepreneur and media magnate Michael Bloomberg contributed nearly $20 million to help boost President Biden in his 2024 election rematch with former President Trump, sources confirmed to Fox News last year.
Bloomberg, a one-time Republican-turned-independent-turned-Democrat, wrote a massive $19 million check to the Future Forward PAC, known as the FF PAC, which was the leading super PAC supporting Biden’s bid for a second term in the White House.
4. Howard Schultz
Former Starbucks CEO Howard Schultz announced in 2020 that he would be voting for Biden that year and would be contributing to the former vice president’s campaign.
‘In my view, our choice this November is not just for 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.’
Schultz went on to say, ‘What is at risk is democracy itself: Checks and balances. Rigorous debate. A free press. An acceptance of facts, not ‘alternate facts.’ Belief in science. Trust in the rule of law. A strong judicial system. Unity in preserving all of our rights of life, liberty, and the pursuit of happiness.’
5. Tom Steyer
In 2020, Biden reportedly brought in $4 million during a virtual fundraiser hosted by a small group of billionaires and other Silicon Valley donors.
The virtual event was held by Climate Leaders for Biden, a group of environmental activists that includes billionaire and former Democratic presidential candidate Tom Steyer, according to an invitation.