Kamala Harris has proven to be a fundraising powerhouse, securing support from numerous billionaires and their spouses since launching her campaign. In the early days of the 2020 election, she received donations from 47 billionaires and their spouses, more than any other candidate at the time. Despite three of her billionaire donors passing away since the last election, 26 of the remaining donors have supported Joe Biden’s reelection campaign, contributing a total of $162,000. Additionally, there are 18 billionaires who donated to Harris in 2020 but did not contribute to Biden’s reelection, potentially providing an additional $125,000 in campaign funds if they were to donate again.
The financial benefit for Harris’s campaign does not solely come from individual donations but also from contributions to other political groups working on her behalf. Individuals can donate to PACs, the Democratic National Committee, and super PACs, allowing for larger sums of money to be raised. In the last presidential election, a total of 230 billionaires donated $691.8 million in support of Biden, while 133 billionaires backed Trump with $459.7 million in donations. This network of wealthy donors can significantly impact the financial resources available to Harris’s campaign in the upcoming election.
There are several billionaires and their spouses who supported Harris’s 2020 campaign but did not contribute to Biden’s reelection efforts. These individuals, including John Fisher, Robert F. Smith, and Gordon Getty, could potentially provide additional financial support to Harris’s campaign for the 2024 election. With their significant net worth and sources of wealth, these donors have the capacity to make substantial contributions to Harris’s fundraising efforts.
While some donors have chosen not to support Biden’s reelection campaign due to various reasons, including disagreements with his policies or priorities, others remain enthusiastic about supporting Harris. Individuals like George Lucas, Craig Newmark, and Kristy Clark have expressed their continued support for Harris and her candidacy. Their donations and involvement in fundraising activities could further strengthen Harris’s financial standing in the upcoming election cycle.
The support from billionaires and their spouses will play a crucial role in shaping the financial landscape of Harris’s campaign for the 2024 election. With a history of successful fundraising efforts and the backing of prominent donors, Harris stands to benefit from the generosity and influence of these wealthy individuals. As the campaign progresses, the contributions from these donors will be instrumental in funding Harris’s initiatives and outreach efforts, ultimately shaping the outcome of the election.
Overall, Harris’s ability to attract support from billionaires and high-net-worth individuals reflects her strong fundraising capabilities and broad appeal within the political donor community. With a significant financial advantage over her opponents, Harris is well-positioned to secure the resources needed to run a successful campaign and effectively communicate her message to voters. As the election approaches, the continued support from these wealthy donors will be a key factor in Harris’s ability to compete and potentially secure victory in the upcoming election.
