Bloomberg, After Months of Pressure, Donates $50 Million to Help Harris

“Michael Bloomberg, the former mayor of New York City, under extraordinary pressure from friends and fellow billionaires to do more to help Vice President Kamala Harris, recently donated about $50 million to a nonprofit organization that is supporting her presidential run,” the New York Times reports.

“The donation followed months of arm-twisting from associates such as Bill Gates, investor Ron Conway and Reid Hoffman, the co-founder of LinkedIn. Mr. Bloomberg recently spoke with Ms. Harris in a private phone call.”

“Mr. Bloomberg’s decision conforms to a strategy that has become his trademark: Confounding Democratic operatives by refusing to make early investments — only to come in hot and heavy in the homestretch. But unlike his previous big gifts, this one was intended to be kept under wraps, and that secrecy has made unaware Democrats more anxious than they have been most autumns.”