Bundlers Gwen Stefani, Madeleine Albright Helped Obama Raise $180M
More than 750 fundraisers for President Obama have raised at least $180 million for his re-election and the list of bundlers includes boldface names like former Secretary of State Madeline Albright and No Doubt's Gwen Stefani, who raised at least $200K and $500K respectively.
Michael Beckel of the Center for Public Integrity has more:
President Barack Obama's re-election campaign added 120 new fundraising "bundlers" during the third quarter who have brought in at least $17.5 million, including a former secretary of state and a platinum blonde pop star who has sold more than 40 million albums.
Notable additions to the list include Madeleine Albright, who served as secretary of state under former President Bill Clinton and has raised at least $200,000; pop singer Gwen Stefani, who raised at least $500,000; fashion designer Tom Ford, who has raised at least $500,000; and Warner Brothers CEO and Chairman Barry Meyer and his wife Wendy, who raised at least $500,000.
Other new bundlers include former U.S. Rep. Steve Kagen of Wisconsin, who raised at least $200,000; Connecticut Gov. Daniel Malloy, who raised at least $200,000; and former Republican Gov. Charlie Crist of Florida, who raised at least $100,000 and spoke at the Democratic National Convention last month.
These funds have benefited not only the Obama campaign but also the "Obama Victory Fund" -- a joint fundraising organization that funnels cash to his campaign, the Democratic National Committee and party entities in several battleground states.
Individuals may donate up to $75,800 to the Obama Victory Fund. The first $5,000 is directed to the Obama campaign while the next $30,800 goes to the DNC. The remaining funds are split between other participating party committees.
Because the Obama campaign voluntarily only discloses broad ranges of how much money its bundlers have collected, it's impossible to precisely determine how much these elite fundraisers have gathered.
The total sum could be millions more, as the top category given is simply "more than $500,000." Still, it is possible to determine that these 758 bundlers are responsible for at least 20 percent -- or roughly $1 out of every $5 -- that Obama's campaign and the Democratic National Committee have raised.