Billionaire Backers Influencing US Presidential Race: How Trump’s and Harris’ Patrons Are Using Their Influences Over the Election

There seems to be a widening gap between the grassroots financiers and the super-wealthy financiers supporting their respective candidates in the 2024 presidential campaign fundraising battleground. As reported by the New York Times, the combined campaign efforts of Vice President Kamala Harris and former President Donald Trump, as well as the efforts of their super PACs have raised a whopping 1.3 billion dollars. This figure does not include any money raised from dark money groups but includes those who usually reside in unacknowledged oblivion. The last months of the campaign should expect to witness even bigger contributions.

Trump’s billion-dollar friends.

Donald Trump's way of fundraising is quite interesting as it is a mixture of the old and the new with a critical few individuals Emerging like:

Timothy Mellon: The Mellon Banking Family heir has invested more than $125 million in support of Trump. Although he comes off as calm, quiet, and rather reclusive and does not meet with Trump one-on-one, Mellon has risen to the top of American politics as one of the foremost MAGA Inc. super PAC contributors covering about half of its resources.

Elon Musk: Musk is mostly known for his influence in the technological arena, his entry into financing politics is remarkable. His super project which seeks to change the focus of the Republican Party’s ground game was off to a tremendous start. Musk woke up to this change realizing Trump had changed the perspective of Electric Vehicles acknowledging the New York Times.

Miriam Adelson: As a known supporter of Israel, Adelson unlike Trump’s regular circle has taken a step to make some serious moves and establish her own super PAC raising more than 100 million dollars. Trump’s attitude towards her actions has been different, however, it has never stopped her from giving so much support to everyone.

Dick and Liz Uihlein: ULine founders, the Uilleanns now back President Trump instead of Florida Governor Ron DeSantis. Their return is a clear indication of coordinating alone for the former president’s election campaign.

Linda McMahon: A firm supporter of Trump for years, the strength of McMahon’s relations to Trump rests on the fact she used to work for him and that she is still a part of the Trump transition campaign.

Harris’ high-profile supporters

Also on the Democratic line, rather big such donors help Kamala Harris become whom she presumably wants to be:

Reid Hoffman: Hoffman has certainly become a prominent backer of the Democrats since the last presidential election. He has advocated donating money to Democratic causes and this popular philanthropist has a network in Silicon Valley, the New York Times stated.

George and Alex Soros: The family of Soros maintains participation in promoting Democratic policies, Alex Soros is more engaged now in American politics than ever. Their contributions are some of the most important supports that would enhance certain long-term supportive efforts Democratic effort.

Michael Bloomberg: His backing for Harris hasn't shown up yet, but Bloomberg's last-minute cash often tips the scales. His future money could make or break the campaign's final push.

Dustin Moskovitz: The Facebook co-founder known for giving to good causes, hasn't put big bucks into Harris's campaign yet. People think he'll chip in through Future Forward, a group he helped start.

Jeffrey Katzenberg: A big name in Hollywood fundraising, Katzenberg's old ties to Biden's campaign now extend to Harris. His pull and skill at raising money remain key.

As the 2024 vote nears, these big donors' deep pockets will shape the campaign scene in a big way. This shows how both everyday givers and the ultra-rich still hold sway in steering where American politics goes next.