told the Financial Times that high-end donors are on board Biden’s reelection bid, despite a number of polls showing widespread concern about the 80-year-old president’s age and mental sharpness.
He said he is “confident” that the campaign can draw more than the $1 billion of contributions received during the 2020 race.“For us, this is about a 19-month marathon, it’s not a sprint,” Katzenberg told the FT. “The excitement and enthusiasm level since he’s announced, certainly from the high-end donors I’ve been in touch with, has been very, very high.”Katzenberg, who pivoted from the failed Quibi streaming service to become a founding partner of the investment firm WndrCo, is a longtime Democratic donor who was one of the first prominent backers of then-Sen.
Barack Obama during the 2008 presidential race. In 2020 and 2022, he spread his wealth wide among the party’s candidate for the Senate and the House of Representatives, donating to dozens of candidates, state parties and political action committees, according to OpenSecrets.org, which compiles campaign finance data.
He donated the maximum $5,600 directly to Biden’s campaign in the 2020 campaign cycle. The “Biden Victory Fund,” a joint fundraising committee authorized by Biden and the Democratic National Committee booked two large donations from Katzenberg in 2020 totaling $727,800.Katzenberg also dropped $100,000 in 2020 to The Lincoln Project, an anti-Trump organization founded by former prominent Republicans, and another $100,000 to the progressive PAC Priorities USA Action.So far this year, he’s ponied up donations for several tough Senate races, backing Ohio Sen.
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