Palm Beach billionaires support Trump and Harris, according to Forbes

Palm Beach is home to billionaires who have made political donations during the 2024 presidential race.

Billionaires who have Palm Beach homes have reached into their deepest pockets to support the 2024 presidential aspirations of former President Donald Trump and Vice President Kamala Harris, according to a recently updated report article published by Forbes.com.

A Forbes analysis of political donations by the Palm Beach Daily News shows that at least six billionaires with residential ties to the island support their neighbor Trump’s candidacy as the Republican nominee for the White House.

Harris, a Democrat, has gained the support of at least four other billionaires who have homes in Palm Beach.

According to Forbes, the Palm Beach names are among at least 83 billionaires nationwide who support Harris, compared with 52 U.S. billionaires who have supported Trump.

“Many more billionaires may continue to financially support a candidate, but information about their donations will not be released until after the election, when the final reports from the Federal Election Commission are released in December,” Forbes reported Oct. 30 in an article it has updated frequently to reflect changing news regarding support for candidates.

IN August article on filing for FEC contributionsForbes noted that “President Joe Biden’s fundraising apparatus and all the money he raised switched to Harris shortly after the president withdrew (from the presidential race) on July 21, meaning his donors became her donors “.

Daily news from Palm Beach identified 65 billionaires with strong residential or family ties to the island, which in April was included in Forbes magazine’s list of the 2,781 richest people in the world in 2024, each of whom is worth at least $1 billion.

Palm Beach billionaires’ support for Trump

Of the 26 US billionaires identified by Forbes as having donated “at least $1 million to Trump’s campaign through August,” at least three have Palm Beach residences: real estate tycoon Richard Kurtz; casino and resort tycoon Steve Wynn; and owner of the New York Jets and former US ambassador to the UK Robert “Woody” Johnson IV of the Johnson & Johnson fortune.

According to Forbes, another 16 US billionaires donated between $50,000 and $999,999 to “pro-Trump groups” through August, and three of them have homes in Palm Beach: Financiers John Paulson of Paulson & Co. AND Stephen Schwarzman of Blackstone; AND car dealership magnate Terry Taylor.

Forbes also described other billionaires with ties to Palm Beach as “known Trump supporters” but did not mention any funds they had contributed. They included Palm Beach home owners Isaac Perlmutter, who made most of his fortune through Marvel Entertainment; AND digital brokerage pioneer Thomas Peterffy. Forbes attributed Perlmutter and Peterffy’s support for Trump to “media reports and a Bloomberg analysis of public election records.”

The Forbes article also quoted The New Yorker. Nelson Peltz of Trian Partnersa longtime Palm Beach homeowner, she organized a fundraiser for Trump in February. “Peltz has not made any public comments since Biden conceded to Harris, and his asset manager at Trian Partners did not respond to a request for comment,” Forbes reported.

Palm Beach real estate owner, billionaire Ken Griffin of the hedge fund Citadel LLC and Citadel Securities also mentioned in the Forbes article. Griffin, who has a history of making significant donations to Republican campaigns, “confirmed” that he did not financially support Trump’s 2024 presidential campaign, Forbes reports.

Palm Beach billionaires’ support for Harris

real estate tycoon Neil Bluhm AND Tampa Bay Buccaneers co-owner Avram Glazerboth of whom have homes in Palm Beach, have each donated $1 million “to groups supporting Harris through August,” says the Forbes article, which lists 28 U.S. billionaires who have made donations of at least $1 million .

Palm Beach billionaires who donated between $50,000 and $999,999 to support Harris during the same period include: Jonathan Tisch of Loews Corp.; AND Kathy Rayner of Cox Mediawho owned the Palm Beach Daily News and The Palm Beach Post for many years. In total, Harris received financial support from 36 US billionaires in the same dollar donation category.

See the full list of US billionaire donors identified by Forbes on Forbes.com.

Darrell Hofheinz is a USA TODAY Network of Florida journalist who covers Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips on real estate news on the island. E-mail [email protected]call 561-820-3831 or tweet @PBDN_Hofheinz. Support our journalism. Sign up today.