Heiress Abigail Disney has announced her intention to resume donations to the Democratic Party following President Joe Biden’s decision to exit the 2024 presidential race. Disney, whose family has deep ties to The Walt Disney Company, had previously pledged to withhold her financial support until the party nominated a new candidate.
In a recent email to CNBC, Disney confirmed her return to political contributions, stating, “Yes, I will resume supporting,” now that Biden has chosen to endorse Vice President Kamala Harris as his successor. Earlier this month, she had voiced her dissatisfaction with Biden’s leadership and called for greater support for Harris, emphasizing the need for the Democratic Party to unite around the Vice President.
Disney’s initial refusal to support the party echoed the sentiments of other prominent Democratic donors who expressed frustration with Biden, especially following his less-than-stellar debate performance against Donald Trump. The pressure from influential donors like Disney contributed to Biden’s decision to step aside from the race. Notably, billionaire philanthropist George Soros and his son, Alex Soros, also expressed their support for Harris in light of Biden’s exit.
This shift in funding and support from key donors may signify a crucial turning point for the Democratic Party as it prepares for the upcoming election cycle. With increasing backing for Harris, the party could find new energy and momentum going forward.
In summary, Abigail Disney is reinstating her support for the Democratic Party now that Biden has exited the presidential race and endorsed Harris. This bolsters hopes for a united front in the upcoming elections, amidst the changing political landscape. The engagement of such influential donors could play a vital role in strengthening the Democratic campaign.