Billionaires Step Back from Haley’s Campaign
Major financial backers of Nikki Haley’s political aspirations, including LinkedIn founder Reid Hoffman and metal magnate Andy Sabin, are withdrawing their support as she faces challenges from Donald Trump.
These donors had played a significant role in Haley’s previous successes, including a third-place finish in Iowa and a second-place finish in New Hampshire.
Reid Hoffman’s About-Face
Reid Hoffman, known for supporting Democrats and contributing to Biden’s reelection, had also donated $250,000 to a super PAC supporting Haley.
However, he is now distancing himself from Haley’s campaign, signaling a shift in his political contributions.
Andy Sabin’s Exit
Metal magnate Andy Sabin, a substantial contributor to GOP campaigns, expressed his readiness to ‘walk away’ from supporting Nikki Haley.
With a history of donating $1.7 million over three cycles, Sabin voiced skepticism about funding a candidate with no viable chance.
Trump’s Influence on Donor Sentiment
The decision by Hoffman and Sabin to withdraw their support follows a heated speech by Donald Trump on election night, where he denounced Haley as an ‘imposter.’
Trump’s warning that backers of Haley won’t be welcomed in the MAGA community has evidently influenced donor sentiments.
Sabin’s Future Offer and Haley’s Prospects
While Andy Sabin mentioned being open to supporting Haley in a future presidential bid in 2028, he emphasized that the time for Haley’s current campaign has come to an end.
The New Hampshire results, where Haley secured a second-place finish, have contributed to the perception that her candidacy is on the decline.
Hoffman’s Earlier Justification
Reid Hoffman, in a previous statement on his LinkedIn page, defended his support for Haley amid criticism for taking money from Democrats.
He acknowledged that Haley might not be as favorable for America as Joe Biden but considered her a potential candidate to prevent another Trump presidency.
Trump’s Truth Social Threat
Trump intensified the rift by threatening to blacklist Haley donors on his Truth Social platform.
He announced that contributions to Haley would lead to a permanent ban from the MAGA camp, emphasizing his commitment to putting America first.
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