Kamala Harris Has More Billionaires Openly Backing Her Than Trump (But Many Are Staying Silent)

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16x9-Illustration-by-Forbes;-Photos-by-Win-McNamee-Getty-Images;-Saul-Loeb-AFP-Getty-Images

Trump and Harris during their September presidential debate.

Forbes found at least 100 billionaires in the corners of either former President Donald Trump or Vice President Kamala Harris—with many more backing Harris—but unlike the world’s richest man Elon Musk, who stumps extensively on Trump’s behalf, many have elected to watch from the sidelines, like Warren Buffett and Mark Zuckerberg.


Key Facts

Our breakdown records 76 billionaires supporting Harris and 49 backing Trump so far (see the lists for both below).

Many more billionaires may still financially back a candidate, but their donations won’t be learned until after the election, when final Federal Election Commission reports are issued in December.

Billionaires leaning toward Harris may seem incongruous, since she often criticizes Trump for advocating for policies favorable toward billionaires—but there are practical reasons why the ultra wealthy may favor Harris.

A letter signed by more than a dozen billionaires last month endorsing Harris explained their belief Harris “will continue to advance fair and predictable policies that support the rule of law, stability, and a sound business environment,” indicating the support for the status quo as the U.S. economy and stock market exhibit strength, while a recent survey of millionaire investors—which found a 57% to 43% split in Harris’s favor—identified technology, healthcare and sustainability stocks as the sectors most poised to benefit from a Harris win, a mix friendly to many of her billionaire backers from Silicon Valley, who grew familiar with Harris during her time as a California prosecutor.


Trump Holds Summit With Technology Industry Leaders

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