Heiress Abigail Disney has announced that she will reinstate her financial support for the Democratic Party now that President Joe Biden has withdrawn from the 2024 presidential race.
Earlier this month, Disney stated that she would cease contributions to the Democratic Party until a new candidate replaced Biden. Following Biden’s exit and his endorsement of Vice President Kamala Harris as his successor, Disney confirmed her decision to resume donations in an email to CNBC on Monday.
When she initially withheld her support, Disney expressed her backing for Harris. She noted, “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.”
Disney’s change of heart comes after significant discontent among high-profile Democratic donors, sparked by Biden’s performance in the debates against Donald Trump. Reports suggest that intense pressure from major donors contributed to Biden’s decision to step back from his campaign.
Prominent financier George Soros and his son, Alex Soros, have also expressed their support for Harris following Biden’s announcement.