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Tags: wall street | donations | hedge funds | private equity | investment

Wall Street Has Given Biden $74 Million

fearless girl statue outside the stock exchange building is shown
People walk by the New York Stock Exchange in lower Manhattan on October 2, 2020 in New York City. (Spencer Platt/Getty Images)

By    |   Wednesday, 28 October 2020 02:58 PM EDT

Wall Street workers have given more than $74 million to support Democrat Joe Biden for president.

CNBC cited data from the nonpartisan Center for Responsive Politics that showed Biden has deep-pocketed backers on Wall Street.

Starting in 2019, Wall Street workers have spent big on Biden but have given President Donald Trump around $18 million for this election.

The donations have come in the form of direct contributions to Biden's campaign, contributions to political action committees supporting him, and fundraising events.

Among Biden's backers:

  • Paloma Partners founder Donald Sussman ($9 million).
  • Renaissance Technologies founder Jim Simons ($7 million).
  • Former Renaissance Technologies chief scientist and vice president of research Henry Laufer ($625,000).
  • Former Goldman Sachs president Harvey Schwartz ($100,000).

The report adds that nearly $20 million from people working for hedge funds, private equity firms, and other companies focused around investments has gone directly to Biden's campaign.

With the election less than a week away, Wall Street markets have plummeted over uncertainty fears.

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Politics
Wall Street workers have given more than $74 million to support Democrat Joe Biden for president. CNBC cited data from the nonpartisan Center for Responsive Politics that showed Biden has deep-pocketed backers on Wall Street. Starting in 2019, Wall Street workers have spent...
wall street, donations, hedge funds, private equity, investment
162
2020-58-28
Wednesday, 28 October 2020 02:58 PM
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