Heiress Abigail Disney has announced that she will resume her donations to the Democratic Party now that President Joe Biden has decided not to seek reelection. Disney, whose grandfather was a co-founder of The Walt Disney Company, previously stated that she would halt contributions until the party replaced Biden at the top of the ticket.
In an email to CNBC on Monday, she confirmed her decision to support the party again now that Biden has withdrawn and endorsed Vice President Kamala Harris for the presidency. Earlier, Disney had expressed her backing for Harris, stating, “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 discontent with Biden, particularly following his poor debate performance against former President Donald Trump. Reports suggest that pressure from major donors played a role in Biden’s decision to step aside. Following Biden’s withdrawal, George Soros and his son, Alex Soros, also endorsed Harris.