August saw billionaires investing millions into presidential super PACs
The nation’s affluent individuals showed generous support in August towards various political campaigns, with notable contributions going to super PACs backing Vice President Kamala Harris, former President Donald Trump, and other Democratic and Republican candidates across the country. Big donations were made to MAGA Inc., the super PAC supporting Trump, with prominent GOP donors like Diane Hendricks, Howard Lutnick, Paul Singer, Annette Caldwell Simmons, and Warren Stephens contributing millions to the group. On the Democratic side, tech entrepreneurs played a significant role in supporting FF PAC, a super PAC behind Harris’ presidential bid, with major contributions coming from Dustin Moskovitz, Reed Hastings, Jeff Lawson, and Erica Lawson. Wealthy backers like Jeff Yass and Richard Uihlein supported conservative super PACs, while Amos Hostetter Jr. made a substantial donation to a Democratic group that supports congressional candidates.
SOURCE
Emily Jensen, graduated from the London School of Economics and Political Science (LSE) in the UK in 2015 with a degree in Economics. She specializes in financial markets and international trade. After graduating, she worked as an analyst at an investment bank in London, where she developed expertise in global economic trends. She later transitioned into consulting, focusing on fintech ventures and providing insights into global economic developments. Emily is passionate about the intersection of finance and technology and aims to drive innovation in the financial sector.