Post a Free Blog

Submit A Press Release

Thursday, March 28, 2024
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Truck Series (TRUCK)
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
-- Advertisement --spot_img
HomeBusinessFinal Tally of Tech Billionaires Donations for 2020 Elections

Final Tally of Tech Billionaires Donations for 2020 Elections

 

 

Tech executives, whose fortunes have been on an upward curve from a 11-year Bull market that markedly favored their industries were 2020’s top political donors. Most of them spent their fortunes to help the Democrats take control and to get President Trump out of office because of antipathy towards his policies on immigration, climate change, trade and management of the pandemic.

Some of the largest donors are as follows

  • Asana CEO Dustin Moskovitz spent 24 million, Twilio CEO Jeff Lawson and his wife, Erica spent about 7 million and former Google CEO Eric Schmidt donated around 6 million to Future Forward USA, a super PAC, for Joe Biden
  • Netflix’s CEO Reed Hastings and his wife, Patty Quillin donated over $5 million to the Senate Majority PAC for Democratic candidates in close races in states including Iowa, Texas and Maine
  • Reid Hoffman, a partner at venture firm Greylock Partners donated around $14 million. This included $2 million to the Senate Majority PAC and $1 million each to Unite the Country and American Bridge 21st Century, both of whom are Biden backers.
  • Vinod Khosla contributed $1 million each to the Senate Majority PAC and the American Bridge 21st Century
  • Michael Moritz of Sequoia Capital donated over $3 million, including $1.5 million to Pacronym which backs Democrats in closely contested states.
  • Jessica Livingstone co-founder of Y Combinator contributed $5 million to Tech for Campaigns, providing digital and technical assistance to the Democrats.

The biggest Republican funder in tech was Peter Thiel, who donated over $2 million to Free Forever PAC.

Some retired executives and lesser known names including   Irwin Jacobs and Kenneth Duda also contributed to PACs supporting Biden. Marc Merrill contributed over $1 million to Unite America, a group that supported congressional candidates from both the parties.

Source CNBC

Subscribe to get Latest News Updates

Latest News Articles

You may like more
more

Robinhood Gains 3 percent on Credit Card Launch Plans

Robinhood Markets (NASDAQ:HOOD) stock rose more than 3% intra-day...

Bloom Energy’s Price Target Cut at Susquehanna

Susquehanna analysts adjusted their price target for Bloom Energy...

Nio Shares Drops 6 percent Following Slashed Q1 Delivery Outlook

NIO (NYSE:NIO) shares fell more than 6% intra-day today...

nCino Shares Jump 19 percent Following Q4 Earnings

nCino (NASDAQ:NCNO) shares surged more than 19% intra-day today...