Over 30 executives with ties to Wall Street have helped raise huge sums for Democrat Joe Biden’s presidential campaign. In a list of over 800 Biden bundlers that have raised over $10,000 for the Democrat’s campaign its been found that many have ties to financial firms. These Biden bundlers have used their extensive contacts to help raise funds for the campaign.
The list includes two senior executives at Blackstone: Jonathan Gray, president of the investment giant, and Tony James, the firm’s executive chairman. The updated list was officially released late Saturday.Others include Frank Baker, co-founder of private equity firm Siris Capital; Bill Derrough, the DNC treasurer and managing director at the investment bank Moelis; Mark Gallogly, co-founder of investment firm Centerbridge Partners; Marc Lasry, the CEO of Avenue Capital Group; and Robert Rubin, Bill Clinton’s Treasury secretary and now a counselor at the investment firm Centerview Partners. Rubin was once co-chairman at Goldman Sachs.Lasry, co-owner of the Milwaukee Bucks, ended up raising over $3 million, according to a person with direct knowledge of the matter. This person declined to be named as the total had yet to be made public. Derrough told CNBC on Sunday that he has helped bring in just over $1 million.…Though the Biden campaign did not say how many of these financiers ending up hitting the top fundraising tier of at least $2.5 million, their efforts clearly gave the former vice president’s war chest a boost. The jump in fundraising that Biden received in the third quarter alone allowed him to surge ahead of President Donald Trump in ad spending.