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BIG MONEY IN POLITICS: Meet the billionaire donors shaping the 2020 presidential election

Aug 9, 2020, 19:03 IST
Business Insider
Both President Trump and former Vice President Biden have solicited donations from the three comma club.Tom Pennington/Getty Images; SAUL LOEB/AFP via Getty Images

The countdown to Election Day 2020 is in the double digits, and the stakes have never seemed higher.

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The United States has fallen behind on its battle against the coronavirus pandemic, tech companies have become the newest front of growing tensions with China, and more than 55 million Americans lost their jobs in the last 20 weeks.

Though every American citizen will have the opportunity to have their say in the ballot box about who should occupy the White House next year, some ultrawealthy Americans have been using their fortunes to sway the outcome for years. During this election cycle, American billionaires have given millions to campaigns, organized get out the vote efforts, and undertaken major advertising efforts.

Keep reading to learn more about how the three-comma-club had influenced the 2020 election.

Business Insider keeps tabs on all the billionaires giving to presidential candidates. You can read all our coverage of the billionaires involved in the 2020 election by subscribing to Business Insider.

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Biden's billionaire backers

Meet the billionaires bankrolling Joe Biden's 2020 campaign

Trump's billionaire backers

Meet the billionaires bankrolling Trump's 2020 campaign

Billionaire donors who dumped Trump

Trump has lost the financial support of some of the billionaires who bankrolled his 2016 campaign — take a look at who's dropping out in 2020

Get to know the individual largest donors

Marvel's Ike Perlmutter: Meet reclusive Marvel billionaire Ike Perlmutter, who is close with Trump, wrestled control of the comic-book maker from Carl Icahn, and reportedly wore a fake mustache and glasses to disguise himself at an 'Ironman' premiere

Jimmy John's Jimmy John Liautaud: The billionaire founder of Jimmy John's donated $100,000 to Trump's reelection campaign and once hunted elephants — meet the controversial man behind one of America's favorite sandwich chains

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Las Vegas Sands' Sheldon Adelson: Meet the casino billionaire behind The Venetian and Marina Bay Sands, who's worth $37 billion, lives in a Vegas mansion, and has donated more than $25 million to Trump

New York City supermarket chain Gristedes Foods' John Catsimatidis: Meet New York grocery billionaire John Catsimatidis, the outspoken Trump supporter who sleeps with James Bond's gun under his pillow and used a controversial facial recognition app to spy on his daughter's date

Philanthropist Laurene Powell Jobs: Meet billionaire investor Laurene Powell Jobs, the wife of the late Apple cofounder Steve Jobs, who could be one of the most important donors in the 2020 election

LinkedIn's Reed Hoffman: How LinkedIn's founder went from studying philosophy at Oxford to building a $26.2 billion company

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