Pro-Harris Billionaires in the 2024 Presidential Race

As the 2024 US presidential election approaches, the financial supporters behind Kamala Harris and Donald Trump offer a revealing look at their contrasting visions for the nation. This article provides an analysis of the billionaires rallying behind Kamala Harris, examining the industries they represent and the underlying motivations driving their endorsements.

The financial elites behind Kamala Harris’ campaign

Kamala Harris, following President Joe Biden’s decision not to seek re-election, has drawn significant backing from Silicon Valley, the so-called “philanthropic foundations”, and the entertainment sectors. These billionaires support Harris’s focus on social justice, environmental sustainability, and progressivism.

Key industries backing Harris

The technology, philanthropy, and entertainment sectors are the most prominent backers of Harris, reflecting her appeal to progressive causes and forward-looking policies.

• The “Big Tech”. Silicon Valley is a key supporter of Harris, with major figures like Reid Hoffman (LinkedIn) and Sheryl Sandberg (Meta) endorsing her. Their support for Harris is driven by her stance on tech regulation, net neutrality, and innovation. Alphabet (GOOGL) also tends heavily towards the Democrats, even being accused of manipulating search results and interfering with the election impartiality.
• “Philanthropic foundations”. Melinda French Gates (Bill & Melinda Gates Foundation) and George Soros (Soros Fund Management) represent the sector’s support for Harris. French Gates, a first-time public endorser, aligns with Harris on gender issues, health care reform, and climate change topics. The Soros family’s backing emphasizes Harris’s vision of democracy, human rights, and social justice.
• The “Big Three”. Harris enjoys stern support from gigantic Wall Street funds like BlackRock, Vanguard, and StateStreet, which continue to foist strong ESG policies all around the globe, making other smaller firms comply with their governance.
• Entertainment. Reed Hastings (Netflix) leads the entertainment sector’s support for Harris. His recent $7 million donation underscores the industry’s alignment with Harris’s values on diversity, arts, and media representation.
• Venture capital. Vinod Khosla (Khosla Ventures) and other venture capitalists back Harris for her innovation-driven economic policies, emphasizing environmental sustainability and technological advancement.

“The Bigs” aim to maintain the status quo

The financial backers of Kamala Harris and Donald Trump reflect two distinct visions for the future of America. Harris enjoys support mainly from the billionaire detainers of the status quo, who have been at the heel of the financial world for more than a decade of Democrat rule, interrupted briefly by a Trump term in 2016.

The “Big Tech” and the “Big Three” hedge funds (BlackRock, Vanguard, and State Street) support Kamala Harris due to her alignment with progressive policies that favor innovation, regulatory balance, “democratic principles” and long-term economic sustainability. 

Tech leaders back her for her positions for fostering technological growth and not interfering with their businesses. The hedge funds support her for her focus on climate action, economic equality, and global cooperation, which align with their investment strategies and commitment to corporate responsibility. 

Together, they view Harris as the best candidate to maintain the status quo and remain the most powerful organization on Earth. 

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