Click here for important updates to our privacy policy.
Women of the Year What is sextortion? Trip Down Memory Lane Daily horoscopes
GRAPHICS
Elections

Which billionaires are supporting Trump – or Harris – for president?

U.S. billionaires are playing a larger role than ever in the 2024 presidential election. Among them: Elon Musk, CEO of Tesla and SpaceX, has accounted for more than a third of the donations to former President Donald Trump and other Republican candidates.

While Musk has voiced his support for Trump in high-profile venues, including an appearance at a rally in Pennsylvania on Oct. 5, other billionaires are quietly donating to Vice President Kamala Harris's campaign.

In Sports: NFL owner donations lean Republican.

Between January 2023 and Oct. 30 of this year, the Harris campaign raised a total of $998 million, reported Forbes. That includes cash raised during the Biden campaign. In the same time period, the Trump campaign raised $392 million, according to Federal Election Commission filings.

Three centibillionaires are backing candidates...

At least 83 billionaires – two of them centibillionaires with a net worth of more than $100 billion each – are supporting Harris, while 52 billionaires, one a centibillionaire, back Trump.

Of the three centibillionaires, Musk supports Trump. Bill Gates of Microsoft and businessman and former New York Mayor Michael Bloomberg back Kamala Harris.

Centibillionaires and their estimated wealth:

Musk has donated an estimated $132 million to Trump and other Republicans in the 2024 election, according to Fortune.

Gates has donated $50 million to Future Forward USA Action, a nonprofit organization that supports Harris, the New York Times reported. Bloomberg has donated about $100 million to Future Forward, Forbes said.

... but Harris leads in support from other billionaires

Billionaires are favoring Harris over Trump by a wide margin, according to an ongoing analysis by Forbes.

Who are the billionaires supporting the candidates?

Support includes endorsements and/or financial contributions.

Harris supporters include film director Steven Spielberg; Eric Schmidt of Google; Laurene Powell Jobs, widow of Apple founder Steve Jobs; and Melinda French Gates, former wife of Bill Gates, Forbes says.

Trump backers include Steve Wynn of Wynn Resorts; Miriam Adelson of the Las Vegas Sands Corp.; and Ray Davis, co-owner and co-chairman of the Texas Rangers, Forbes says.

SOURCE USA TODAY Network reporting and research; Forbes; Bloomberg; Fortune; euronews.com

Featured Weekly Ad