Michael Bloomberg Donates $50 Million to Harris Campaign

Former New York City Mayor Michael Bloomberg has donated $50 million to support Vice President Kamala Harris' presidential campaign, following significant pressure from fellow billionaires like Bill Gates and Reid Hoffman. The donation, made to Future Forward USA Action, Harris' dark money super PAC, marks Bloomberg's typical late-cycle giving strategy, as he usually prefers to invest in campaigns closer to election day. Despite his previous reservations about Harris' capabilities, Bloomberg has recently engaged positively with her team, which may have influenced his decision to contribute. This year, Bloomberg has notably donated $47 million in federally disclosed contributions, making him the second largest known individual donor to Democrats this cycle. His recent donation comes after a history of substantial financial support for Democratic candidates, totaling over $250 million during the Trump era. Bloomberg's approach contrasts with the more vocal support from other wealthy donors in the race, as many billionaires remain on the sidelines.