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Big Democratic Donors Sparked Biden’s Second-Quarter Money Surge

  • Tech, entertainment and venture capital donors max out early
  • James Murdoch, Katzenberg, Spielberg turn out for Biden
Joe Biden
Joe BidenPhotographer: Spencer Platt/Getty Images

Big donors from Hollywood and the technology sector poured money into Joe Biden’s coffers in the second quarter while President Donald Trump saw a major drop in support from people writing big checks, according to new financial filings.

The Biden Victory Fund, which supports the former vice president’s campaign, the Democratic National Committee and 26 state parties raised $86.4 million in the second quarter, its Federal Election Commission filing showed. A full 61% of that came from just 400 donors who gave $50,000 and up.

Two joint fundraising operations that support Trump’s campaign and the Republican National Committee took in more, a combined $152.2 million, but just $22.6 million came from individuals writing big checks. Trump Victory, the GOP’s big-donor committee, took in just $27.1 million, a plunge of 58% from the previous quarter.