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Billionaires Back Kamala Harris for 2024

Forbes

117

Kamala Harris, now the presumptive Democratic nominee for the 2024 presidential election, has significant financial backing from numerous billionaires. In her 2020 campaign, she received contributions from 47 billionaires and their spouses, outpacing other Democratic candidates like Cory Booker and Joe Biden. As of the end of May, 60% of those donors had contributed to Biden's re-election campaign, amounting to $162,000. The Trump campaign has filed a complaint regarding the legality of Biden transferring his campaign funds to Harris, although experts believe the move is legitimate. Notable donors include Reed Hoffman, Steven Spielberg, and Laurene Powell Jobs, with potential additional contributions coming from wealthy individuals such as Susan Pritzker and Gordon Getty. The real financial advantage lies in donations to Super PACs and other political groups, enabling even larger sums to influence Harris's campaign positively.

Highlights

• Kamala Harris begins her 2024 campaign with substantial financial backing.
• In her 2020 campaign, Harris had the most billionaire donors among Democratic candidates.
• 47 billionaires or their spouses contributed to her 2020 campaign.
• 60% of her 2020 billionaire donors contributed to Biden's re-election campaign.
• The Trump campaign has filed a complaint over Biden transferring funds to Harris.
• Experts state the transfer is legal due to joint filings.
• Notable billionaires supporting Harris include Reed Hoffman and Steven Spielberg.
• Donations to Super PACs and other political groups can greatly benefit Harris's campaign.
• Reed Hoffman has already donated $7 million to a pro-Biden PAC, with similar support expected for Harris.
• Potential additional contributions from wealthy individuals like Susan Pritzker and Gordon Getty could enhance Harris’s campaign funds.