Former New York mayor, billionaire entrepreneur and media magnate Michael Bloomberg contributed nearly $20 million to help boost President Biden in his 2024 election rematch with former President Trump, sources confirm to Fox News. Bloomberg, a one-time Republican turned independent turned Democrat, wrote a massive $19 million check to the Future Forward PAC, known as the FF PAC, which is the leading super PAC supporting Biden's bid for a second term in the White House.
Sources with knowledge of the transfers confirmed them to Fox News on Thursday evening. 'I stood with Joe Biden in 2020, and I am proud to do so again,' Bloomberg said in a statement to the Washington Post, which was the first news organization to report the massive contributions. Bloomberg shelled out a staggering $1 billion of his own money on his 2020 Democratic presidential nomination bid. After he dropped out of the race, he transferred roughly $18 million to the Democratic Party. And he separately announced the funding of a $100 million independent ad campaign to boost Biden's White House bid. Bloomberg, who at 82 is a year older than Biden, according to Forbes Magazine, is the 15th wealthiest person in the world, with approximately $106 billion in assets.
According to a federal disclosure filing on Thursday, Mellon made his contribution to Make America Great Again Inc. the day after Trump was convicted of all 34 felony counts in his criminal trial, which is the first involving a former or current president in the nation's history. The New York Times was first to report the contribution from Mellon, who's an heir to the Pittsburgh-based Mellon banking family. In its fundraising filings, MAGA Inc.