As we approach the final days of the 2024 election, both campaigns are firing on all cylinders to try and secure as many Americans’ votes as possible. So much of this momentum is feasible from various billionaire backers helping with the campaigns - whether it be through endorsements, in-person appearances, or donations to super-PACs.
In this week’s episode of Capitol Gains, Washington correspondent Ben Werschkul talks to host Rachelle Akuffo and senior columnist Rick Newman about the key billionaires surrounding the 2024 election and the roles they’re playing (or not playing) in trying to get Vice President Kamala Harris or former President Donald Trump elected. Werschkul breaks the billionaires down into two main categories: loud billionaires vs. shy billionaires.
The shy billionaires include people like Jamie Dimon and Warren Buffett, who remain in focus during the election, but have not yet outright endorsed a candidate.
There’s Bill Gates, who Werschkul refers to as a “shy, but impactful” billionaire, who quietly gave $50 million to the Future Forward USA Action super-PAC supporting the Harris campaign. There are also billionaires like Tim Mellon and Miriam Adelson who have donated hefty sums to pro-Trump super-PACs, but who are not as well known to the public.
As for your “loud billionaires”, these are people like Elon Musk. Not only is Musk donating large sums of money to pro-Trump super-PACs, but he’s also putting himself out in the field attending Trump rallies and regularly making news headlines.
The final group Werschkul refers to are the “loud but cheap billionaires.” These are billionaires like Mark Cuban and Bill Ackman who people hear a lot about, but it’s unclear how they are financially contributing to the Harris and Trump campaigns.
To find out more, listen to the full episode of Capitol Gains here.
This post was written by Lauren Pokedoff.