news-details

Billionaires poured millions of dollars into presidential super PACs in August

Republican presidential nominee and former U.S. President Donald Trump (L), and Vice President Kamala Harris.

The nation's wealthy opened their wallets in August with a focus on election season, donating millions to the super PACs backing Vice President Kamala Harris, former President Donald Trump and Democrats and Republicans throughout the country, according to monthly reports filed with the Federal Election Commission on Friday.

The largest single-contributor donations went to MAGA Inc., the super 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 financial services company Cantor Fitzgerald, and Paul Singer, the president of Elliott Management, an investment management firm, both gave $5 million to MAGA Inc.

Annette Caldwell Simmons, the widow of businessman Harold Simmons, gave $2 million to MAGA Inc., while Warren Stephens, the CEO of investment bank Stephens Inc., gave $1 million.

On the Democratic side, tech entrepreneurs were the biggest donors to FF PAC, also known as Future Forward, a super PAC backing Harris' presidential bid.

Related Posts
Advertisements
Market Overview
Top US Stocks
Cryptocurrency Market