Heiress Abigail Disney has announced that she will resume her donations to the Democratic Party now that President Joe Biden has exited the race for reelection. Disney, whose grandfather was a co-founder of The Walt Disney Company, previously stated that she would halt all contributions until Biden was replaced at the top of the ticket.
In an email to CNBC on Monday, Disney confirmed her decision to support the party once again, now that Biden has endorsed Vice President Kamala Harris as his successor. When she initially decided to withhold her donations, Disney 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 high-profile Democratic donors who expressed their dissatisfaction with Biden, particularly following his lackluster debate performance against former President Donald Trump. Reports suggest that pressure from major donors and dwindling funds contributed to Biden’s decision to withdraw from the race. Notably, George Soros and his son, Alex Soros, also voiced their support for Harris after Biden’s announcement.