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Hollywood, hedge fund heavies support Hillary Clinton's presidential bid

In all, Priorities USA Action will report having raised $15.6 million in the past three months when it discloses its fundraising information this month

APPTI Washington
Last Updated : Jul 03 2015 | 11:03 AM IST
New York hedge fund billionaire George Soros and Hollywood director Steven Spielberg are among the biggest donors to a group backing Democrat Hillary Rodham Clinton's presidential run.

In all, Priorities USA Action will report having raised $15.6 million in the past three months when it discloses its fundraising information this month, according to an official at the group who spoke on condition of anonymity because he was not authorized to discuss fundraising.

The group is called a super PAC, an organization that can campaign on behalf of a candidate, but cannot coordinate efforts with them.

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Super PACs can take donations of unlimited size. The biggest gift to the pro-Clinton group was worth $2 million and came from media mogul Haim Saban, owner of the Spanish-language Univision network in the US

Although Clinton is the front-runner in a small Democratic primary, her boosters say she'll need big money including from super PACS to fend off attacks from a huge field of Republican competitors.

Officials anticipate raising far more than the $79 million the super PAC brought in to help re-elect President Barack Obama.

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First Published: Jul 03 2015 | 12:48 AM IST

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