As the 2024 U.S. presidential race intensifies, a clear trend is emerging among the nation’s wealthiest individuals. More Billionaires Supporting Kamala Harris Than Donald Trump.
A report from Forbes indicates that 76 billionaires are backing Vice President Kamala Harris, while only 49 billionaires have pledged their support to former President Donald Trump.
This disparity in billionaire backing reveals not just financial preferences but also the political landscape’s shifting dynamics as these influential figures align themselves with candidates they believe will best serve their interests.
Explore the reasons behind this growing support for Harris, highlight the key billionaires backing both candidates, and examine the stance of those billionaires who are currently choosing to remain neutral.
The Billionaires Supporting Kamala Harris
Despite her previous criticisms of pro-billionaire policies, Kamala Harris has garnered significant support from ultra-wealthy individuals. Many billionaires appreciate her pragmatic approach to governance and the perceived stability she brings to the economic landscape.
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A letter from over a dozen billionaires endorsing Harris emphasized the importance of “fair and predictable policies” that ensure economic stability. This sentiment resonates particularly well with many in the tech industry, as Harris has longstanding relationships with Silicon Valley executives dating back to her days as a California prosecutor.
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Harris’s backers believe that sectors like technology, healthcare, and sustainability would thrive under her leadership. The following table outlines some of the notable billionaires supporting Kamala Harris:
| Billionaire | Affiliation |
|---|---|
| Michael Bloomberg | Former New York Mayor, Bloomberg |
| Arthur Blank | Atlanta Falcons |
| Reid Hoffman | |
| Vinod Khosla | Khosla Ventures |
| Dustin Moskovitz | |
| Steven Spielberg | Hollywood Director |
| Tory Burch | Fashion Designer |
| Reed Hastings | Netflix |
| Chris Larsen | Ripple |
| Laurene Powell Jobs | Apple |
| Melinda French Gates | Philanthropist |
| Joe Gebbia | Airbnb |
| Mark Cuban | Entrepreneur, Investor |
| Magic Johnson | NBA Legend |
Among the 76 billionaires supporting Harris, 28 have donated $1 million or more to groups backing her campaign, demonstrating a significant commitment to her candidacy.
The influence of these billionaires extends beyond mere financial support; their endorsements help shape public perception and can attract additional contributors to her cause.
Donald Trump’s Billionaire Supporters
On the other hand, Donald Trump has also attracted substantial backing from 49 billionaires, who view him as a champion of both the ultra-wealthy and the working class. His messaging has historically resonated with many affluent individuals who appreciate his policies favoring tax cuts and deregulation.
Trump’s supporters include some well-known figures from the entertainment and business sectors. The table below lists some notable billionaires backing Donald Trump:
| Billionaire | Affiliation |
|---|---|
| Miriam Adelson | Las Vegas Sands Corp. |
| Don Ahern | Las Vegas Construction |
| Diane Hendricks | ABC Supply |
| Linda McMahon | WWE |
| Steve Wynn | Wynn Resorts |
| Tilman Fertitta | Houston Rockets |
| John Paulson | Paulson & Co. |
| Thomas Siebel | Siebel Systems |
Elon Musk, a high-profile tech magnate, has been particularly vocal in his support for Trump, participating in rallies and leveraging his political action committee to encourage swing state voters. Musk’s active involvement underscores the alignment between certain sectors of the tech industry and Trump’s candidacy.
The Neutral Billionaires: Holding Back
While many billionaires have publicly aligned themselves with either Harris or Trump, a number of influential figures are choosing to remain neutral for the time being. Their reluctance to endorse either candidate reflects a cautious approach to a politically charged atmosphere.
Jeff Bezos, the founder of Amazon, has expressed admiration for Trump’s resilience but has not publicly endorsed any candidate. Warren Buffett, a known Democrat, has maintained silence this election cycle, despite his historical support for Democratic candidates. Similarly, Mark Zuckerberg has reportedly had private discussions with Trump but has not made any public endorsement.
Bill Gates has not officially endorsed a candidate, but his recent positive comments about Harris indicate a potential preference. He noted that it’s beneficial to have a younger leader who can thoughtfully address issues like artificial intelligence.
Jamie Dimon, CEO of JPMorgan Chase, has not endorsed a candidate either, even after Trump falsely claimed Dimon’s endorsement in a social media post.
Ray Dalio, the founder of Bridgewater Associates, has characterized the upcoming election as “the most consequential” of his life but has yet to take sides.
Sergey Brin, a Google co-founder, has kept his feelings private, refraining from public commentary about the current candidates despite expressing strong disapproval of Trump in previous election cycles.
The following table summarizes some of the billionaires who have chosen to remain neutral:
| Billionaire | Affiliation |
|---|---|
| Jeff Bezos | Amazon |
| Warren Buffett | Berkshire Hathaway |
| Mark Zuckerberg | |
| Bill Gates | Microsoft |
| Jamie Dimon | JPMorgan Chase |
| Ray Dalio | Bridgewater Associates |
| Sergey Brin | |
| Larry Ellison | Oracle |
| Ken Griffin | Citadel |
As the election approaches, it’s likely that more billionaires will publicly reveal their preferences. The backing of influential billionaires can have a substantial impact on the electoral landscape, not just in terms of financial contributions but also in shaping narratives and mobilizing voters.
The current election cycle is marked by a significant disparity in billionaire support between Kamala Harris and Donald Trump. While Harris enjoys the backing of a larger group of ultra-wealthy individuals, Trump’s support remains substantial as well. The motivations behind this backing are multifaceted, reflecting both personal relationships and broader economic interests.
As we move closer to the election, the dynamics of billionaire support will continue to evolve, with some choosing to align themselves more closely with candidates while others maintain a neutral stance.
The financial clout of these billionaires, coupled with their influence, will undoubtedly play a crucial role in shaping the outcome of the 2024 presidential election.
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