/Here Are The Billionaires Backing Pete Buttigieg’s Presidential Campaign

Here Are The Billionaires Backing Pete Buttigieg’s Presidential Campaign


This is a part of a sequence revealing the billionaires donating to Democrats operating for president. See extra on the supporters of Joe BidenMichael BennetCory BookerTulsi GabbardAmy KlobucharBernie SandersTom Steyer and Elizabeth Warren.

Forty billionaires and their spouses have donated to Pete Buttigieg’s presidential marketing campaign, in accordance with an evaluation of federal election filings, making the South Bend, Indiana mayor a favourite amongst America’s richest folks.

Forbes discovered that Buttigieg obtained donations from 13 big-money donors who gave completely to him—by far probably the most of any Democrat operating for president. Two of these donors have connections to Donald Trump. Jennifer Pritzker, a transgender retired Army lieutenant colonel who inherited a piece of the Hyatt accommodations fortune and beforehand backed the president, is now giving to Buttigieg. So is Daryl Roth, the spouse of Trump enterprise associate Steven Roth.

More than one third of Buttigieg’s rich benefactors obtained wealthy in finance and investments. That group contains seven who constructed their fortunes from hedge funds, together with Bill Ackman, Philippe Laffont and Seth Klarman.

Buttigieg has additionally obtained assist from the tech trade. His donors embody Wendy Schmidt, the spouse of former Google CEO Eric Schmidt, and Netflix chief govt Reed Hastings, a duo that lately helped host a fundraiser for Buttigieg in Silicon Valley, in accordance with Recode. A special California meetup, held in Napa Valley, obtained the eye of Elizabeth Warren, who criticized Buttigieg within the debate Thursday night time for assembly with wealthy folks in a “wine cave full of crystals.”

Read extra in our sequence: Here Are The Billionaires Funding The Democratic Presidential Candidates

Buttigieg responded that taking donations from wealthy folks didn’t make his marketing campaign polluted by corrupt pursuits. “We need the support from everybody who is committed to helping us defeat Donald Trump,” he stated.

According to the latest filings, which replicate donations by way of September 30, Buttigieg has raised $52 million. The solely two Democrats who’ve raised extra? Warren and Bernie Sanders, the Vermont senator who has rejected all donations from billionaires.  

How Pete Buttigieg’s Donors Got Rich

Forbes discovered 40 billionaires and their spouses who’ve contributed to Buttigieg’s marketing campaign. They constructed their fortunes in 10 industries.

Buttigieg’s billionaire backers, ranked by web value:

LEN AND EMILY BLAVATNIK

Net value: $19.6 billion *

Source of wealth: Diversified

Size of donation: $four,000

Also supported: Joe Biden

Other notable contributions: Democratic Congressional Campaign Committee ($248,500); McCarthy Victory Fund ($200,000), to assist California Republican Representative Kevin McCarthy **


CHRISTOPHER MCKOWN, HUSBAND OF ABIGAIL JOHNSON

Spouse’s web value: $15.9 billion

Source of wealth: Money administration

Size of donation: $5,600

Also supported: No one immediately 


WENDY SCHMIDT, WIFE OF ERIC SCHMIDT

Spouse’s web value: $15.four billion

Source of wealth: Google

Size of donation: $5,600

Also supported: No one immediately

Other notable contributions: Katie Hill for Congress ($5,600) to assist the California Democratic Representative; Tom Malinowski for Congress ($5,600) to assist the New Jersey Democratic Representative 


DAVID GEFFEN

Net value: $eight.7 billion

Source of wealth: Movies, document labels

Size of donation: $5,600

Also supported: No one immediately


KATHARINE RAYNER

Net value: $6.5 billion

Source of wealth: Media, automotive

Size of donation: $5,600

Also supported: Joe Biden

Other notable contributions: DCCC ($35,500)


DANIEL ZIFF

Net value: $5 billion

Source of wealth: Investments

Size of donation: $2,800 

Also supported: No one immediately.

Other notable contributions: Big Sky Values PAC ($5,000) to assist Montana Governor Steve Bullock


DIRK AND NATASHA ZIFF

Net value: $5 billion

Source of wealth: Investments

Size of donation: $5,600

Also supported: No one immediately.

Other notable contributions: DNC Services Corp./Dem. Nat’l Committee ($678,000) 


JO CAROLE LAUDER, WIFE OF RONALD LAUDER

Spouse’s web value: $four.three billion

Size of donation: $2,800 

Source of wealth: Estée Lauder

Also supported: No one immediately


BARRY DILLER

Net value: $four.1 billion

Source of wealth: Online media

Size of donation: $2,800

Also supported: Amy Klobuchar

Other notable contributions: Lindsey Boylan for Congress ($2,800) to assist the New York Democratic candidate


REED HASTINGS

Net value: $three.9 billion

Source of wealth: Netflix

Size of donation: $5,600

Also supported: No one immediately


JONATHAN GRAY

Net value: $three.9 billion

Source of wealth: Blackstone

Size of donation: $2,800

Also supported: Joe Biden, Michael Bennet, Cory Booker, Kirsten Gillibrand (dropout), Amy Klobuchar, Kamala Harris (dropout), John Hickenlooper (dropout), Seth Moulton (dropout), Beto O’Rourke (dropout)

Other notable contributions: Democratic Senatorial Campaign Committee ($35,500); DCCC ($35,500)


JON STRYKER

Net value: $three.eight billion

Source of wealth: Medical tools

Size of donation: $2,800

Also supported: Kirsten Gillibrand (dropout), Kamala Harris (dropout) 

Other notable contributions: SMP ($300,000), an excellent PAC that opposed Republican candidates for Congress in 2018, together with Senator Josh Hawley, of Missouri, and Senator Rick Scott, of Florida


 

BARBARA HOSTETTER, WIFE OF AMOS HOSTETTER

Spouse’s web value: $three.6 billion 

Source of wealth: Cable tv

Size of donation: $2,800

Also supported: Michael Bennet, Kirsten Gillibrand (dropout), Seth Moulton (dropout)

Other notable contributions: Maintaining A Majority ($25,000) to assist Democratic candidates within the House of Representatives 


AMY GOLDMAN FOWLER

Net value: $three.four billion

Source of wealth: Real property

Size of donation: $2,800

Also supported: Amy Klobuchar

Other notable contributions: SMP ($500,000)


SUSAN PRITZKER, WIFE OF NICHOLAS PRITZKER

Spouse’s web value: $2.2 billion

Source of wealth: Hotels, investments

Size of donation: $2,000

Also supported: Kirsten Gillibrand (dropout), Jay Inslee (dropout), Kamala Harris (dropout), Elizabeth Warren 

Other notable contributions: Schiff Leads PAC ($5,000) to assist California Democratic Representative, Adam Schiff  


KATHY YARBROUGH, WIFE OF JON YARBROUGH

Spouse’s web value: $2.2 billion

Source of wealth: Video video games

Size of donation: $1,000

Also supported: Joe Biden 


GLENN DUBIN

Net value: $2 billion

Source of wealth: Hedge funds

Size of donation: $2,800

Also supported: Michael Bennet, Steve Bullock (dropout) 


JENNIFER PRITZKER

Net value: $2 billion

Source of wealth: Hotels, investments

Size of donation: $1,000

Also supported: No one immediately

Other notable contributions: Mike Gallagher for Wisconsin ($2,800) to assist the Republican consultant; Steil For Wisconsin ($2,800) to assist Republican Representative Bryan Steil


REID HOFFMAN

Net value: $1.9 billion

Source of wealth: LinkedIn

Size of donation: $2,800

Also supported: Michael Bennet, Cory Booker, Steve Bullock, Kirsten Gillibrand (dropout), Jay Inslee (dropout), Kamala Harris (dropout), Amy Klobuchar

Other notable contributions: Democratic Grassroots Victory Fund ($865,000), a political motion committee that helps state Democratic events


 

BARBARA ALFOND, WIFE OF TED ALFOND

Spouse’s web value: $1.eight billion

Source of wealth: Shoes

Size of donation: $350

Also supported: Beto O’Rourke (dropout)


MARC AND CATHY LASRY

Net value: $1.eight billion

Source of wealth: Hedge funds

Size of donation: $three,500

Also supported: Joe Biden, Cory Booker, Kirsten Gillibrand (dropout), Kamala Harris (dropout), Amy Klobuchar, Joe Sestak (dropout)

Other notable contributions: Mark Kelly for Senate ($2,800) to assist the Arizona Democratic candidate for Senate 


WILLIAM ACKMAN AND NERI OXMAN

Net value: $1.7 billion

Source of wealth: Hedge funds

Size of donation: $11,200

Also supported: Cory Booker, Michael Bennet 

Other notable contributions: Mark Kelly for Senate ($2,800); Collins for Senator ($5,400) to assist Maine Republican Senator Susan Collins; Mikie Sherrill for Congress ($5,600) to assist the New Jersey Democratic consultant


NICOLE SYSTROM, WIFE OF KEVIN SYSTROM

Spouse’s web value: $1.6 billion 

Source of wealth: Instagram

Size of donation: $1,000

Also supported: Cory Booker, Jay Inslee (dropout) 


JONATHAN TISCH

Net value: $1.6 billion

Source of wealth: Insurance, NFL workforce

Size of donation: $2,800 

Also supported: Joe Biden, Cory Booker, Amy Klobuchar

Other notable contributions: Priorities USA Action ($100,000), a political motion committee that opposes Republicans and assist Democratic candidates


SETH KLARMAN

Net value: $1.5 billion

Source of wealth: Hedge funds

Size of donation: $5,600

Also supported: Michael Bennet, Cory Booker, John Delaney, Kamala Harris (dropout), Amy Klobuchar

Other notable contributions: Weld 2020 Presidential Campaign Committee ($5,600) to assist Republican presidential candidate Bill Weld; DSCC ($150,000); DCCC ($213,000)


PHILIPPE LAFFONT

Net value: $1.four billion

Source of wealth: Hedge funds

Size of donation: $5,600

Also supported: No one immediately


ANNA MCKELVEY, WIFE OF JIM MCKELVEY  

Net value: $1.three billion

Source of wealth: Square 

Size of donation: $2,800

Also supported: Cory Booker 


MIMI HAAS

Net value: $1.2 billion

Source of wealth: Levi’s denims

Size of donation: $2,800

Also supported: No one immediately. 

Other notable contributions: Schiff Leads PAC ($1,500) 


CHRIS AND CRYSTAL SACCA

Net value: $1.2 billion

Source of wealth: Venture capital

Size of donation: $5,600

Also supported: Joe Biden, Cory Booker, Kamala Harris (dropout), Jay Inslee (dropout), Beto O’Rourke (dropout), Elizabeth Warren

Other notable contributions: Kathleen Williams for Montana ($5,600) to assist the Democratic candidate’s congressional marketing campaign; Amy McGrath for Senate ($four,200) to assist the Kentucky Democratic candidate


DANIEL AND MICHELLE LUBETZKY

Net value: $1.1 billion

Source of wealth: KIND Healthy Snacks

Size of donation: $5,600 

Also supported: Joe Biden, Beto O’Rourke (dropout)

Other notable contributions: Kentucky State Democratic Central Executive Committee ($10,000), Weld 2020 Presidential Campaign Committee ($2,800)


 

FRED LUDDY

Net value: $1.1 billion

Source of wealth: Software

Size of donation: $2,800

Also supported: No one immediately. 

Other notable contributions: Sasse Leadership Committee ($7,600) to assist Republican Senator of Nebraska, Ben Sasse


DARYL ROTH, WIFE OF STEVEN ROTH

Spouse’s web value: $1.1 billion

Source of wealth: Real property

Size of donation: $2,800

Also supported: No one immediately


   

LAURIE TISCH

Net value: $1.1 billion

Source of wealth: Insurance, NFL workforce

Size of donation: $2,800

Also supported: Joe Biden, Cory Booker 

Other notable contributions: Planned Parenthood Votes ($10,000); Iowa Democratic Party ($10,000)


STEVEN TISCH

Net value: $1.1 billion

Source of wealth: Insurance, NFL workforce

Size of donation: $2,800 

Also supported: Cory Booker


* Forbes Real-Time web value as of Dec. 20, 2019.  

** Contribution quantities characterize donations given from January to September 2019, in accordance with Federal Election Commission filings.

This publish will probably be up to date as new federal filings are launched. 

Additional reporting by Giacomo Tognini 



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