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The Generous Contribution of David Ellison to the Biden Victory Fund
David Ellison, the CEO of Skydance Media and son of billionaire Larry Ellison, recently made a significant donation of $929,600 to the Biden Victory Fund during the first quarter of 2024. This contribution marks his largest support yet towards one of President Joe Biden’s key political groups.
Larry Ellison, a prominent figure and co-founder of Oracle, is known for his substantial contributions to the political landscape. Despite being a top Republican donor who generously supported GOP congressional candidates with over $31 million during the 2022 midterm elections, he has not yet made any campaign contributions towards the 2024 presidential election as of now.
With a staggering net worth of $150 billion, according to Forbes, Larry Ellison’s influence and financial prowess are undeniable. However, it is his son, David Ellison, who has stepped forward to contribute significantly to the Biden Victory Fund, along with other prominent donors such as George Conway and Dustin Moskowitz. Together, their contributions have played a pivotal role in helping the Biden Victory Fund raise more than $121 million in the first quarter of 2024, as reported in federal filings.
Fundraising Figures: A Tale of Two Campaigns
The Biden Victory Fund’s impressive fundraising achievement almost doubled the amount raised by Trump Save America, a political action committee tied to former President Donald Trump’s White House comeback campaign. In a similar vein, the newly established Trump 47 Committee managed to raise approximately $23.6 million in the same period, with support from notable donors like hedge fund manager John Paulson and TD Ameritrade founder J. Joe Ricketts. The Trump 47 Committee operates as a joint fundraising group for the Trump campaign, the Republican National Committee, and numerous state GOPs.
Notably, the Biden campaign intensified its fundraising efforts by hosting a high-profile event featuring former Presidents Barack Obama and Bill Clinton, an evening that reportedly brought in a remarkable $25 million in donations.
Skydance Media’s Expansion and Larry Ellison’s Involvement
Beyond the realm of politics, David Ellison’s company, Skydance Media, is engaged in discussions to acquire National Amusements, the parent company of Paramount Pictures. Skydance Media, known for producing blockbuster films like “Top Gun: Maverick” and “Mission: Impossible – Dead Reckoning Part One,” stands to benefit from this potential acquisition. Reportedly, Larry Ellison is poised to provide financial backing for the purchase, further solidifying the Ellison family’s influence across various sectors.
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