The nation’s rich opened their wallets in August with a concentrate on election season, donating thousands and 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 studies filed with the Federal Election Fee on Friday.
The most important 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 Administration, 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 have been the largest donors to FF PAC, also referred to as Future Ahead, an excellent PAC backing Harris’ presidential bid.
The largest donors to the group in August have been Fb 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 greatest Democratic donors to publicly name for President Joe Biden to step apart from his re-election marketing campaign earlier this yr.
The studies out Friday solely included donations from Aug. 1 via Aug. 31, the primary full month that Harris was the presumptive — and later official — Democratic presidential nominee.
Tremendous PACs like FF PAC and MAGA Inc. are havens for prolific political megadonors like Hendricks, Lutnick and Hastings as a result of, not like campaigns and their affiliated committees, tremendous PACs don’t have limits on how a lot people can donate.
Additional down the poll, Membership for Development Motion, a conservative tremendous PAC that reinforces GOP congressional and Senate candidates, obtained two main donations in August of $5 million every from Jeff Yass, the co-founder of Susquehanna Worldwide Group, a buying and selling group, and Richard Uihlein, the founding father of transport provide firm Uline.
Yass and Uihlein are each main GOP megadonors who’ve given to Membership for Development and different conservative teams for a number of election cycles.
On the Democratic aspect, Home Majority PAC, a bunch that reinforces Democrats operating 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.