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Abigail Disney Announces She Will Stop Sponsoring Biden's Campaign


Walt Disney Company heiress and liberal megadonor Abigail Disney has said she won't give money to the Democratic Party until President Biden leaves the 2024 race.

Biden's disastrous debate performance last week raised widespread concerns about his candidacy among Democrats, who now believe he is unfit to govern for another four years. Abigail Disney, the granddaughter of Walt Disney Company co-founder Roy Disney and a longtime Democratic Party donor, is among the influential liberals whose opinions are listened to.

“I intend to stop all donations to the party until they replace Biden at the top of the ticket. This is realism, not disrespect. Biden is a good man and has served his country honorably, but the stakes are too high,” she told CNBC.“If Biden doesn't resign, the Democrats will lose. I am absolutely confident of that,” Disney continued. “The consequences of losing would be truly dire.”

The Disney heiress saw a worthy replacement in Vice President Kamala Harris.“We have an excellent vice president. If Democrats can tolerate her perceived shortcomings even one-tenth as much as they tolerated Biden's, and can find a way to rally around her, we can win this election by a landslide,” she said.

Abigail Disney's stance could raise concerns among Democrats if other wealthy donors follow her lead. Gideon Stein, president of the Moriah Fund, said he was suspending $3.5 million in planned donations that were to go to nonprofits and political organizations associated with the Democratic campaign, CNBC reported.


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