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Forbes Daily Briefing

Billionaires Loved Kamala Harris For 2020. How Many Are Backing Her For 2024?

Forbes Daily Briefing

Forbes

Business, Tech News, News

4.418 Ratings

🗓️ 2 August 2024

⏱️ 5 minutes

🧾️ Download transcript

Summary

In the early days of the 2020 election, when she last ran for president, more billionaires and their spouses donated to Harris than to any other candidate. Now that she's atop the Democratic ticket in 2024, will they again back her?

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Transcript

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0:00.0

Here is your Forbes Daily Briefing for Friday, August 2nd.

0:05.0

Today on Forbes, billionaires loved Kamla Harris for 2020.

0:10.0

How many are backing her for 2024?

0:14.0

Now the presumptive Democratic nominee for President,

0:17.0

Kamla Harris needs lots of cash.

0:20.0

Luckily for her, she is a history of finding it.

0:23.4

Since launching her campaign 108 days before the election,

0:27.1

she raised $200 million in her first week atop the ticket

0:31.2

to help close the $ million dollar gap between outgoing

0:34.7

President Joe Biden's campaign and Donald Trump's war chest. And Harris has

0:39.8

grabbed support from the likes of such billionaires as Melinda French Gates, Cheryl Sandburg, and Reed Hastings.

0:46.0

There is likely plenty more where that came from.

0:49.0

In the early days of the 2020 election, when she last ran for president, more billionaires and their

0:54.6

spouses donated to Harris than to any other candidate.

0:59.0

Through September 2019, 47 billionaires and their spouses had donated to Harris's fledgling presidential campaign,

1:06.5

according to a Forbes analysis of Federal Election Commission records.

1:10.7

Next best at the time was her fellow Senate Democrat

1:13.7

Corey Booker who had pulled in donations from 45 members of the Three Coma Club.

1:19.3

Meanwhile, by that point, 44 billionaires or their spouses had donated to the eventual winner,

1:25.8

Joe Biden.

1:28.2

While past performance is no guarantee of future results, the Vice President's campaign could enjoy a substantial cash boost

1:35.3

should these billionaires come back to her in 2024.

...

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