Billionaire Mike Bloomberg threw $10 million behind House Democrats last month, adding to the $20 million he gave to bolster the party's White House efforts.
Billionaire businessman Mike Bloomberg donated $10 million to the Democrats' House Majority PAC in July as the party seeks to wrest control of the chamber from Republicans. The PAC is the major funding group supporting Democrats in the House, both those defending their seats and candidates trying to unseat Republicans.
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, 82, is the 15th wealthiest person in the world, with approximately $106 billion in assets, according to Forbes Magazine.
As the news of the Bloomberg contributions was going viral, so was word that conservative billionaire donor Timothy Mellon gave a mind-boggling $50 million contribution in May to a leading super PAC supporting former President Trump's White House bid. Donations for Democrats have surged in the weeks since Biden dropped out of the race and endorsed Harris. Enthusiasm for the election has also surged among Democrats, evening out what had been a race favoring Trump. Fox News' Paul Steinhauser contributed to this report
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