Listen To Story Above
Billionaire support heavily favored Vice President Kamala Harris over former President Donald Trump in the recent election, according to an analysis by Forbes. The financial publication reported that 83 billionaires backed Harris, compared to just 53 who supported Trump.
Despite the substantial financial advantage, with Harris’s campaign amassing nearly $1 billion compared to Trump’s $388 million as of mid-October, Trump emerged victorious on election night. This outcome highlights the complex relationship between campaign funding and electoral success.
Bill Gates Pours $50 Million to Back Kamala Harris, Just Days After Elon Musk Claims Billionaires Are ‘Terrified’ of Trump’s Epstein Client List Promise https://t.co/ipQNVI6GTB pic.twitter.com/9r6EgF1Ttn
— The Gateway Pundit (@gatewaypundit) October 23, 2024
In September, a group of Harris’s wealthy supporters penned a letter explaining their endorsement. The letter, first reported by CBS News, stated: “With Kamala Harris in the White House, the business community can be confident that it will have a President who wants American industries to thrive. As a partner to President Biden, Vice President Harris has a strong record of advancing actions to spur business investment in the United States and ensure American businesses can compete and win in the global market. She will continue to advance fair and predictable policies that support the rule of law, stability, and a sound business environment, and she will strive to give every American the opportunity to pursue the American dream.”
Notable signatories included former Time Warner CEO Jeff Bewkes, ex-American Airlines President Robert Crandall, LinkedIn co-founder Reid Hoffman, and “Shark Tank” personality Mark Cuban. Other billionaire backers of Harris included Mike Bloomberg, Steven Spielberg, Sequoia Capital’s Michael Moritz, Google’s Eric Schmidt, and Facebook’s Sheryl Sandberg.
On the other side, Elon Musk stood out as a prominent billionaire supporter of Trump. Following an alleged incident involving Trump in July, Musk endorsed him, stating, “Last time America had a candidate this tough was Theodore Roosevelt,” according to Reuters. Other wealthy Trump supporters included Linda McMahon of WWE fame, the Winklevoss twins, Miriam Adelson (widow of Sheldon Adelson), and Sequoia Capital’s Douglas Leone.
Worth noting that far more “billionaires” backed Harris than Trump and she raised almost 50% more money.
Nonetheless, America showed that elections aren’t just a function of money and gave Trump a resounding victory! https://t.co/tcQmdnrQw2
— Elon Musk (@elonmusk) November 7, 2024
The trend of affluent individuals favoring Harris extended beyond the billionaire class. A September survey of investors with over $1 million in assets revealed that 57% planned to vote for Harris, as reported by CNBC News.
However, despite the substantial financial backing, sources familiar with Harris’s campaign finances reported to Politico that the campaign concluded with at least $20 million in debt. The Harris campaign did not provide an immediate response when asked for comment by the Daily Caller News Foundation.
