Friday, 17 Jan 2025

6 Dem-supporting billionaires Biden didn't mention while calling out political 'oligarchy'

President Biden is warning Americans about the threat of an "ultra-wealthy" "oligarchy," but did not mention in his farewell speech the billionaires that have supported him in recent years.


6 Dem-supporting billionaires Biden didn't mention while calling out political 'oligarchy'
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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: 

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. 

On Thursday morning, Alex Soros shared an Instagram story with a caption of Biden and the message "Joe Biden warns an 'oligarchy' is emerging in America in his final White House address."

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. 

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. 

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. 

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." 

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. 

However, in July last year, Moritz called on Biden to drop out of the race following his debate performance against Trump in June. 

"I would vote for Biden, but I would not give another penny to any fund-raising appeals from Democrats," he added in a statement. 

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