Since the vice president Kamala Harris has taken on the role of candidate in the 2024 presidential race, her campaign financing has relied heavily on a diverse group of billionaire donors.. These contributors are instrumental in filling the coffers of the Democratic Partyensuring that the campaign has the necessary resources to compete against the party headed by Donald Trump. While some of these names are well known for their continued support of Democrats, others have contributed for the first time and have become key fundraising figures during this election cycle.
As the election draws closer, the importance of these donations becomes even more apparent, as reflected in the fundraising numbers. In the 2024 election cycle, the Democratic Party has raised approximately $1.203 billion (about €1.09 billion).
According to an analysis of Federal Election Commission (FEC) data by Open Secrets, ultrarich donors account for approximately 8.5%. of the $6.3 billion (about €5.9 billion) in financial contributions to both parties recorded as of September 17.
Reid Hoffman
Co-founder of LinkedIn, Reid Hoffman has been a major Democratic donor since Donald Trump’s election in 2016. In addition to mobilizing his own wealth, he has been able to raise other Silicon Valley entrepreneursbecoming an influential figure within the party’s circle of donors.
George and Alex Soros
The family Soros has been a constant in Democratic donations. George Soros, a Hungarian-American investor and philanthropist, has historically supported groups aimed at generating long-term change in areas such as. human rights, social justice and electoral reform. His son, Alex Soros, has stepped up his involvement in politics and has positioned himself as a strategic ally of Kamala Harris.
Mike Bloomberg
Despite maintaining an estranged relationship with Joe Biden, Mike Bloomberg, former mayor of New York and founder of Bloomberg LP, remains one of the largest Democratic donors. Although his contributions are expected to come later in the campaign, Bloomberg has a history of making significant donations at key moments prior to elections.
Dustin Moskovitz
Co-founder of FacebookDustin Moskovitz is the organization’s main donor. Future Forwardwhich seeks to support progressive causes. Although he has been on the sidelines in the first few months of the campaign, he is expected to make a important contribution in the final stretch. His efforts have focused on funding organizations that promote Democratic causes such as environmental protection and civil rights.
Jeffrey Katzenberg
Although he does not possess the same wealth as other major donors, Jeffrey Katzenberg, a former executive at Disney and founder of Quibi (a platform of streaming), has used his network of contacts in Hollywood to raise funds. As one of the national co-chairs of the Harris campaign.their influence comes from both their connections in the entertainment industry and their ability to mobilize other donors in the sector.
Kamala Harris Fundraising
Kamala Harris, the incumbent vice president and Democratic nominee, has raised nearly 685 million dollars (about 628 million euros) through her campaign committee.in addition to about $336 million (about €310 million) in money coming from interest groups and political action committees independently supporting her candidacy. Kamala Harris’ fundraising triples that of her opponent for the presidencyDonald Trump.
For more information. consult the aforementioned Open Secrets website by clicking here.. It is a non-partisan, independent and non-profit research group dedicated to tracking money in U.S. politics and its effect on elections and public policy. Their mission, they guarantee through their website, is to track the flow of money in American politics and provide data and analysis with transparency.
