
Kamala Harris Receives Strong Backing From Billionaire Donors For Presidential Run
Following President Joe Biden’s decision to drop out of the 2024 presidential race, Vice President Kamala Harris has garnered significant support from left-wing billionaire donors. High-profile figures such as George Soros and his son Alex Soros have endorsed Harris, ensuring robust financial backing for her campaign.
Gretchen Sisson, a prominent Democratic fundraiser in California, reported a surge in enthusiasm and pledges of support for Harris. Sisson stated that her phone has been “exploding” with calls from donors eager to contribute. This wave of support indicates a renewed energy among Harris’s backers.
Reid Hoffman, a major Democratic donor known for his substantial contributions to Biden’s 2020 campaign, has also endorsed Harris. Despite facing scrutiny for his connections to Jeffrey Epstein, Hoffman remains a powerful financial force within the Democratic Party. His endorsement, along with that of Alex Soros, underscores the strong support Harris is receiving from influential donors.
Organizations such as Emily’s List and Way to Win have quickly endorsed Harris. These groups, which direct significant donor contributions, are mobilizing their networks to support Harris’s campaign. The backing from these organizations highlights the broad base of financial support Harris is securing.
Chris Korge, finance chair for the Biden Victory Fund, noted that many donors had been hesitant to contribute amid uncertainty surrounding Biden’s campaign. With Biden stepping aside, Korge anticipates a surge in donations for Harris. “The floodgates will open,” Korge said, emphasizing the newfound enthusiasm among major donors.
Harris has long been a favorite among wealthy donors, particularly those in California. During her 2019 presidential campaign, she received substantial funding from residents working in law firms, multinational corporations, and Silicon Valley tech companies. Events hosted by billionaire Gordon Getty and Gov. Gavin Newsom further highlighted Harris’s appeal to high-profile donors.
With the Democratic Party’s elite rallying behind her, Harris is poised to receive significant financial support.