Media, Technology honchos are fueling Joe Biden’s fundraising blitz

Media moguls and technology executives drove a spring fundraising blitz for one of Joe Biden’s campaign committees.

The Biden Victory Fund — that affirms the former Democratic president’s Democratic bid together with the Democratic Party National Committee and 26 country parties — raked in $86.4 million from April through June thanks mostly to giant presents out of big-name donors, based on Bloomberg News.

They comprised $617,800 from Quibi creator Jeffrey Katzenberg and over $500,000 from Meg Whitman, the short-form streaming agency’s CEO and one-time Republican candidate for California governor, federal documents show. Disney executive chairman Bob Iger gave the finance $250,000, documents show.

The fund listed the highest contributions of 620,600 from ten individuals including at least three technology honchos, according to Bloomberg: Facebook co-founder Dustin Moskovits, Zynga co-founder Mark Pincus and Twilio co-founder Jeff Lawson.

Barry Diller, the billionaire media tycoon, and IAC chairman, also maxed out with just two distinct contributions on June 24, documents show.

Overall, more than 60% of this Biden fund haul came from 400 individuals who gave $50,000, Bloomberg reported. However, it still lagged behind the 152.2 million increased by two surgeries financing President Trump’s campaign and the Republican National Committee, according to the news services.