Mar 13, 2021 · In recent claims, Warren Buffet was said to have donated $58 million to Joe Biden’s campaign in order to sway the President in canceling the Keystone XL Pipeline.
Jan 28, 2021 · CLAIM: Warren Buffett donated $58 million to President Joe Biden’s campaign, so Biden canceled the Keystone XL pipeline as a favor to Buffett. AP’S ASSESSMENT: False. Warren Buffett did not donate to Biden’s presidential campaign, nor did he endorse him. Buffett previously has voiced public support for the Keystone XL pipeline.
Feb 02, 2021 · The first claim in these posts is that Warren Buffett, the American business tycoon and billionaire, donated $58 million to Joe Biden’s 2020 campaign. According to …
The post falsely claimed that Buffett donated $58 million to President Joe Biden’s campaign and that Biden canceled the Keystone XL pipeline as a favor.
THE FACTS: On Biden’s first day in office, he halted construction of the Keystone XL pipeline. The 1,700-mile pipeline was planned to carry roughly 800,000 barrels of oil a day from Alberta to the Texas Gulf Coast. ADVERTISEMENT.
It is true that Buffett’s company, Berkshire Hathaway, owns BNSF Railway, a freight railroad network that transports crude oil. While analysts over the years have suggested that the Keystone XL pipeline would take business from BNSF, Buffett voiced his support for the project in a CNBC television appearance in 2014.
Renaissance Technologies director Henry Laufer and his wife, Marsha, together contributed $4 million to back Biden. Stewart Bainum Jr., the chair of Choice Hotels International , gave $2 million to the Unite the Country political action committee.
President-elect Joe Biden announced he was running for president in April 2019 and has raised a total of $1.3 billion so far, according to OpenSecrets. This amount includes donations to his official campaign committee and outside groups like single-candidate super PACs and hybrid PACs or Carey Committees.
Biden supporters may also give to joint fundraising committees set up for the presidential campaign and the Democratic National Committee like the Biden Victory Fund and Biden Action Fund.
Phillip Ragon, Intersystems Corporation - $2.5 Million. Also known as "Terry," Ragon is the founder and CEO of private healthcare software company Intersystems. He and his wife, Susan, have signed The Giving Pledge. He gave to the American Bridge 21st Century political action committee.
The founder and chief investment officer of hedge fund Paloma Partners, Sussman has been a longtime major donor to Democrat candidates. He gave to the Priorities USA Action and Pacronym political action committees.
Mandel founded hedge fund Lone Pine , which has an excellent long-term track record. He was among the top 10 highest paid hedge fund managers in 2019, with an income close to $1 billion. He gave to the American Bridge 21st Century political action committee.
Millions of dollars have come into the PAC from the affiliated Priorities USA nonprofit, but since it doesn't disclose donors, it's known as a "dark money" group and we can't be certain who contributed to it.
Amount donated in 2019-2020: $632,360. Donated to: Biden Victory Fund. Insights: In addition to being the CEO, Jeff Lawson is the co-founder of cloud communications platform Twilio, which adds video, messaging and voice to mobile and web apps.
Company Name: Berkshire Hathaway. Amount donated in 2019-2020: $254,100. Donated to: Democratic Congressional Campaign Committee. Insights: Though Warren Buffett is one of the most well-known CEOs on this list, he donated the smallest amount to the election, with just over $250,000 going to the DCCC.
Amount donated in 2019-2020: $7.3 million. Donated to: Congressional Leadership Fund, NRSC. Insights: Kenneth Griffin is another hedge fund manager with a lot of money to put toward political causes — in this case, more than $7 million to right-leaning organizations.
Insights: Dustin Moskovitz is one of the founders of Facebook and enjoys a net worth in the neighborhood of $16 billion. He’s used some of his vast wealth to support Democratic candidates and causes in addition to a wide variety of philanthropic endeavors. Laurene Powell Jobs. Position: Founder and president.
Amount donated in 2019-2020: $1.01 million. Donated to: America First Action, Inc. Insights: The founder and CEO of the Ultimate Fighting Championship reportedly fled Boston for Las Vegas after incurring a $2,500 debt to notorious gangster Whitey Bulger. In his new home city, he launched a career managing fighters.
The mogul sold his stake in casinos from Vegas to Macau, China, in 2018 and has used some of the proceeds to support the Trump Victory campaign. Charles R. Schwab. Position: Founder and Chairman. Company Name: Charles Schwab Corp.
Insights: Joe Kiani is the founder, chairman and CEO of Masimo Corp., a global medical technology company. Kiani favors left-leaning candidates, contributing nearly $600,000 to the Biden Victory Fund and the liberal AB PAC.
Days after U.S. President Joe Biden cancelled construction plans for the Keystone XL Pipeline - meant to carry oil from Canada’s Alberta province to Nebraska - posts on social media alleged this move was due to Warren Buffett’s extensive political donations to Biden’s campaign. They claim that railways owned by Buffett now stand to benefit ...
The BNSF is one of the largest freight railroad networks in North America, with “a rail network of 32,500 route miles in 28 states and three Canadian provinces" ( here ). Its trains carry energy (such as oil and coal), agricultural and consumer products.
By “Keystone pipeline”, the posts are referring to the Keystone XL Pipeline, a project cancelled by Biden on his first day in office on Jan. 21, 2021, dealing a death blow to a long-gestating project that would have carried 830,000 barrels per day of heavy oil-sands crude from Alberta to Nebraska. Environmental activists ...
In short, rail infrastructures cannot compete with existing pipelines to transport oil at the rate the United States does. A historic look (1982-2018) at the transportation prevalence of pipelines, marine vessels, rail and truck for oil transport is visible here .
Warren Buffett did not donate $58 million to Joe Biden’s 2020 campaign. Most of the oil that would have been transported by the now-cancelled Keystone XL Pipeline will likely use existing and new pipeline infrastructure, not railways. This article was produced by the Reuters Fact Check team.
Warren Buffett Has Donated Tens of Billions of His Fortune So Far. Anyone who sees how much Warren Buffett has donated to charity can attest that the “Oracle of Omaha” is already making good on his pledge to give away more than 99 percent of his wealth to philanthropic efforts.
However, the 4.1 billion stock donation in 2021 surpassed his previous top donation in 2019, when he gave away $3.6 billion, according to Reuters. With that donation, Buffett declared he had reached the halfway mark in his goal to donate his entire fortune. Article continues below advertisement.
Buffett made that pledge in 2010 when he, Bill Gates, and Melinda Gates created The Giving Pledge to inspire other one-percenters to donate the majority of their fortunes to good causes. Article continues below advertisement. “Were we to use more than 1 percent of my [Berkshire Hathaway stock certificates] on ourselves, ...
According to the report, Buffett didn't make any contributions to Biden’s 2020 presidential campaign. Also, he didn't make any individual contributions in 2020.
While many speculated on the timing of Buffett's resignation from the Bill and Melinda Gates Foundation's board, which comes amid allegations of sexual misconduct on the part of Bill Gates, the Omaha billionaire still supports the Gates Foundation. In fact, the charity was among the biggest recipients ...
Buffett has a net worth of $80 billion, according to Forbes.
Reuters (L) | CNBC (R) Democratic nominee Joe Biden told donors during a virtual fundraiser on Wednesday that he had just spoken to influential billionaire investor Warren Buffett.
Still, Buffett did have a strong relationship with former President Barack Obama. Buffett held fundraisers for Obama, and the billionaire investor received the Medal of Freedom later in the president’s first term. VIDEO. 3:07.
Buffett hasn’t contributed to Biden’s campaign for president this cycle, according to the nonpartisan Center for Responsive Politics. He has, however, given to the Democratic Congressional Campaign Committee and Democratic Arizona Senate candidate Mark Kelly’s campaign.
Key Points. Democratic nominee Joe Biden told donors during a virtual fundraiser on Wednesday that he had just spoken to influential billionaire investor Warren Buffett. Biden told contributors that he and Buffett spoke on America’s opportunity “to lead the whole damn world in a way that no one else can,” according to a press pool report.
Company Name: Berkshire Hathaway. Amount donated in 2019-2020: $254,100. Donated to: Democratic Congressional Campaign Committee. Insights: Though Warren Buffett is one of the most well-known CEOs on this list, he donated the smallest amount to the election, with just over $250,000 going to the DCCC.
Insights: Stephen Schwarzman is one of the most generous Republican donors, pumping in million dollars to foundations such as the Trump Victory fund. Personally worth more than $18 billion, Schwarzman co-founded investment firm Blackstone, which is now the largest buyout firm in the world. 35/37.
After earning a B.A. in English with a Specialization in Business from UCLA, John Csiszar worked in the financial services industry as a registered representative for 18 years. Along the way, Csiszar earned both Certified Financial Planner and Registered Investment Adviser designations, in addition to being licensed as a life agent, while working for both a major Wall Street wirehouse and for his own investment advisory firm. During his time as an advisor, Csiszar managed over $100 million in client assets while providing individualized investment plans for hundreds of clients.
Donated to: Biden Victory Fund. Insights: In addition to being the CEO, Jeff Lawson is the co-founder of cloud communications platform Twilio , which adds video, messaging and voice to mobile and web apps. He's also an active supporter of Democratic causes, contributing more than $600,000 to the Biden Victory Fund.
Insights: Steve Wynn is a legend in Las Vegas, where he operated several notable hotels before building Wynn Las Vegas. The mogul sold his stake in casinos from Vegas to Macau, China, in 2018 and has used some of the proceeds to support the Trump Victory campaign. 27/37.
Insights: Joe Kiani is the founder, chairman and CEO of Masimo Corp., a global medical technology company. Kiani favors left-leaning candidates, contributing nearly $600,000 to the Biden Victory Fund and the liberal AB PAC. 4/37. Tiago Petinga/Epa/REX/Shuttersto / Tiago Petinga/Epa/REX/Shuttersto.
Insights: S&B Engineers and Constructors operates mining, oil and gas, and construction businesses based in Houston. The chairman of the board, James G. Slaughter, is a Republican booster — to the tune of more than $1 million in 2019-20. 13/37.