Abigail Disney, heiress and granddaughter of one of the co-founders of The Walt Disney Company, announced that she will resume her financial contributions to the Democratic Party now that President Joe Biden has withdrawn from the 2024 presidential race.
Earlier this month, Disney had stated she would cease her donations until Biden stepped aside. Following Biden’s decision to endorse Vice President Kamala Harris for the presidency, she confirmed in an email to CNBC that she would continue her support.
At the time of her initial announcement to withhold donations, Disney expressed her backing for Harris, highlighting the Vice President’s qualifications. She criticized the Democratic Party’s perceived reluctance to fully support Harris compared to the tolerance shown toward Biden’s shortcomings, suggesting that race and gender biases play a role in this disparity. Disney expressed optimism, stating that with unified support for Harris, the Democrats could secure a significant electoral victory.
Disney’s decision to withhold support echoed sentiments from several elite donors within the Democratic Party who were discontent with Biden’s performance, particularly following his debate against former President Donald Trump. Reports indicate that pressure from these influential donors contributed to Biden’s decision to exit the race. Prominent donor George Soros and his son, Alex Soros, also expressed their endorsement for Harris after Biden’s announcement.