Here is your Forbes Daily Briefing for Tuesday, July 2nd.

Today on Forbes, here are Biden's top 10 biggest billionaire donors.

Joe Biden's big cash advantage over Donald Trump is gone.

Trump's main super PAC, which entered May trailing Biden's operation by $20 million,

made up ground after a New York jury convicted the former president on 34 felony counts.

No one donated more than Timothy Mellon, a banking heir, who, as we told you last week,

shelled out $50 million the day after the verdict.

But Biden has rich friends too.

He's now trying to reassure his big donors after what many called a shaky debate performance

last week.

These donors are concentrated in Silicon Valley and New York,

and they have already funneled $77 million to groups backing the President,

and in some cases his allies. the president's donors are richer or more generous than Michael Bloomberg

who has spent more money on federal elections than anyone in American history.

Having given $20 million so far this cycle,

the former New York City mayor, whose current net worth

is $106.2 billion, is already at the top of Biden's list of donors.

Still, his 2024 outlay amounts to less than 2% of the total he spent during the 2020 election,

when Bloomberg mounted his own bid for president.

Bloomberg blew more than $1 billion on his own campaign in 2020, got knocked out, then threw

his weight behind Biden, contributing over $100 million to groups that backed him.

He donated $19 million to Biden's main super PAC at the end of May.

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