Heiress Abigail Disney has announced that she will resume her donations to the Democratic Party following President Joe Biden’s decision not to seek reelection.
Disney, the granddaughter of one of the co-founders of The Walt Disney Company, had previously declared that she would halt her contributions until Biden stepped down from the top of the ticket. In a recent email to CNBC, she confirmed her intentions: “Yes, I will resume supporting,” now that Biden has endorsed Vice President Kamala Harris for the presidency.
Earlier this month, when she first announced her decision to withhold donations, Disney expressed her support for Harris, remarking on the Vice President’s qualifications. She stated, “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 was among several prominent Democratic donors who expressed dissatisfaction with Biden after his poor debate performance against former President Donald Trump. Reports suggest that pressure from high-profile donors and a decrease in funding may have influenced Biden’s decision to withdraw from the race. Following Biden’s announcement, notable figures such as George Soros and his son, Alex Soros, also gave their endorsement to Harris.