Heiress Abigail Disney has announced that she will resume her financial contributions to the Democratic Party following President Joe Biden’s decision to withdraw from the 2024 presidential race and endorse Vice President Kamala Harris as his successor.
Earlier this month, Disney, whose grandfather was a co-founder of The Walt Disney Company, declared that she would stop donating to the party until there was a change at the top. In a statement to CNBC on Monday, she confirmed, “Yes, I will resume supporting,” now that Biden has exited the race.
When Disney first revealed her decision to withhold donations, she also expressed her backing for Harris. “We have an excellent Vice President. If Democrats would tolerate any of her perceived shortcomings even one-tenth as much as they have tolerated Biden’s (and let’s not kid ourselves about where race and gender figure in that inequity) and if Democrats can find a way to stop quibbling and rally around her, we can win this election by a lot,” she remarked.
Disney was among a number of prominent donors to the Democratic Party who expressed dissatisfaction with Biden following his poor debate performance against former President Donald Trump. Reports suggest that pressure from the donor community and a decline in financial support contributed to Biden’s decision to step aside.
Notable financier George Soros and his son, Alex Soros, also came out in support of Harris after Biden’s announcement regarding the race.