Bloomberg Backs Biden With $20 Million Donation

Michael R. Bloomberg, who is the former mayor of New York City and a Democratic megadonor, has donated nearly $20 million to President Biden’s re-election campaign, a Bloomberg representative said.

Mr. Bloomberg gave $19 million to Future Forward, the main Democratic super PAC supporting Mr. Biden, and $929,600 to the Biden Victory Fund, a joint fund-raising committee between Mr. Biden and the Democratic National Committee, said Howard Wolfson, the Education program lead at Bloomberg Philanthropies.

Mr. Bloomberg’s donation was first reported by The Washington Post.

“I stood with Joe Biden in 2020, and I am proud to do so again,” Mr. Bloomberg said in a statement.

Mr. Bloomberg, who spent $1 billion of his own money on his failed presidential campaign in 2020, ultimately backed Mr. Biden in the Democratic primary that year and was a significant financial supporter of his campaign. He spent tens of millions of dollars through his political action committee on television ads supporting Mr. Biden and vowed to spend heavily in Florida, which then-President Donald J. Trump ultimately won by about three percentage points.

Mr. Bloomberg’s $19 million donation to Future Forward is significant, but pales in comparison to the super PAC’s spending ambitions for the election. The group has reserved a $250 million ad campaign in seven battleground states, starting in August and running through Election Day.