Kamala Harris sees surge in big money support after Biden drops out of race

July 22, 2024
personal finance
0

Vice President Kamala Harris is already seeing a wave of big money donor support following President Joe Biden dropping out of the race, with the help of bundlers who have assisted her in past races, according to people familiar with the matter.

 

Moments after Biden announced he would drop out of the race for president and endorsed Harris, major donors who helped raise money during her failed 2020 Democratic primary fight and successful 2016 Senate campaign immediately mobilized and began outreach to wealthy contributors, according to these people, who spoke to CNBC did so on the condition of anonymity in order to speak freely.

“I’ve been in touch with many of her supporters from New York to California and we are getting organized to start up the fundraising machine,” said Jon Henes, the vice president’s national finance chair during her 2020 run for president. “I had more than 200 texts, calls, and emails today of people wanting to host events and make donations.”

Among the top party fundraisers now planning to help Harris is longtime Wall Street executive Marc Lasry, according to a person with direct knowledge of the matter. Lasry helped raise money for the vice president when she ran against Biden in the 2020 Democratic primary. He later raised campaign cash for Biden when he beat Trump during that election cycle

 

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