Tags: 2020 Elections | Donald Trump | Joe Biden | wall street | donations | hedge funds | private equity

Wall Street Has Given Biden $74 Million

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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

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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