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Family Offices That Are Biden Supporters in 2024

As the 2024 presidential election approaches, the political allegiances of influential family offices continue to draw attention. These entities manage vast amounts of wealth and can significantly impact political campaigns through their financial support and public endorsements. Several prominent family offices have shown their support for President Joe Biden, aligning their investment philosophies with his policies and vision. Here, we spotlight some of the top family offices known for their support of Joe Biden in the 2024 election.

  1. Laurene Powell Jobs’ Emerson Collective

Laurene Powell Jobs, widow of Apple co-founder Steve Jobs, leads the Emerson Collective, a social impact organization and family office. Powell Jobs has been a staunch supporter of Joe Biden, contributing to his campaign and promoting policies that align with her focus on education, immigration reform, and environmental sustainability. The Emerson Collective combines philanthropic initiatives with investments in innovative companies, reflecting a commitment to social change that resonates with Biden’s platform.

Key Areas of Focus:

  • Education
  • Immigration reform
  • Environmental sustainability
  1. Pritzker Family Office

The Pritzker family, known for their ownership of the Hyatt hotel chain, has long been involved in Democratic politics. J.B. Pritzker, the Governor of Illinois, and other family members have been significant supporters of Joe Biden. The Pritzker Family Office manages a diverse portfolio, including real estate, hospitality, and venture capital investments. Their support for Biden is rooted in shared priorities such as healthcare reform, economic equality, and climate action.

Key Areas of Focus:

  • Real estate
  • Hospitality
  • Venture capital
  1. Soros Fund Management

George Soros, through Soros Fund Management, has been a prominent backer of progressive causes and Democratic candidates, including Joe Biden. Soros’ family office focuses on global investments in public equity, fixed income, and alternative assets, often driven by a commitment to social justice and democracy. His support for Biden is part of a broader strategy to promote policies that address inequality and enhance democratic governance.

Key Areas of Focus:

  • Public equity
  • Fixed income
  • Alternative assets
  1. Simons Foundation

Jim Simons, founder of the hedge fund Renaissance Technologies, is another influential supporter of Joe Biden. Through the Simons Foundation, Jim and his wife Marilyn have contributed significantly to Democratic causes, including Biden’s campaigns. The Simons Foundation emphasizes scientific research, education, and health, aligning with Biden’s commitment to funding scientific advancements and improving public health infrastructure.

Key Areas of Focus:

  • Scientific research
  • Education
  • Health
  1. Steyer Family Office

Tom Steyer, a billionaire investor and environmentalist, heads the Steyer Family Office. Steyer has been a vocal advocate for climate action and social justice, themes central to Biden’s campaign. Through his family office, Steyer supports investments in clean energy and sustainable businesses, reflecting his and Biden’s shared vision for a greener future.

Key Areas of Focus:

  • Clean energy
  • Sustainable businesses
  • Climate action

Conclusion

The support of these prominent family offices underscores the alignment of their investment strategies and philanthropic efforts with Joe Biden’s policy agenda. The Emerson Collective, Pritzker Family Office, Soros Fund Management, Simons Foundation, and Steyer Family Office represent a significant coalition of wealth and influence backing Biden in the 2024 election. Their contributions and endorsements highlight the critical role that family offices play in shaping political landscapes and advancing agendas that promote social equity, environmental sustainability, and economic reform.