Trump and Biden campaigns become the 2024 battle of the billionaires, as Michael Bloomberg and Timothy Mellon pick sides for the presidential election Biden getting support from Hollywood; Trump scoring with tycoons READ MORE: Check out DailyMail.com's live politics blog By Emily Goodin, Senior U.S.
Political Reporter In Washington D.C. Published: 11:45 EDT, 21 June 2024 | Updated: 12:06 EDT, 21 June 2024 e-mail 4 View comments In the battle for the billionaires, Joe Biden is scooping up support from the Hollywood, tech and fashion industries, while Donald Trump is scoring with old-school business tycoons as the uber-wealthy pick their sides in the 2024 presidential race.
And, as the rich start to invest in their candidates, they are reshaping the race by giving Trump a financial advantage. The former president outraised Biden for the second consecutive month in May after having trailed his Democratic rival. Overall, Trump was $100 million behind Biden at the start of April.
In two months, he cut that cash deficit by at least half. And many of those donors came off the sidelines after Trump's felony conviction in the Stormy Daniels hush-money trial. Biden, too, is relying on the massive support that mega-donors can provide.
The wealthy fuel their donations through candidate committees as the work around on the limits to individual donations to candidates. Michael Bloomberg is a prominent supporter of Joe Biden - above Bloomberg accepts the Medal of Freedom in May 2024 Miriam .
