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Will Katzenberg Lead Biden’s $2B Machine?

Sure, there is a presidential election to think about… but in the meantime, the biggest race in American politics is for the job of Biden’s national finance chair. And the second biggest? His finance director.

Jeffery Katzenberg, a Hollywood mogul with gravitas in fundraising circles from a decade or two in the trenches.
Jeffery Katzenberg, a Hollywood mogul with gravitas in fundraising circles from a decade or two in the trenches. Photo: Kevin Dietsch/Getty Images
Theodore Schleifer
April 25, 2023

One of the unspoken truths among Biden’s 2024 mega-bundlers is that this time will be harder—even though, as you recall, last time was pretty hard, too. Four years ago, after all, Biden had to scrounge for money on Zoom from a crisis-stricken billionaire class distracted by the once-in-a-century pandemic, crippling economic anxiety, and, at one point, a large Democratic field. But in the end, he feasted from the limitless appetite among liberal and center-right business leaders to get rid of Donald Trump, no matter the cost.