Republican presidential candidate and former United Nations Ambassador Nikki Haley speaks at a campaign event at the Alpine Grove Event Center in Hollis, New Hampshire on January 18, 2024.
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Billionaire Reid Hoffman has no plans to contribute any more money to Nikki Haley’s presidential campaign following her defeat in New Hampshire’s Republican primary, according to people familiar with the matter. .
Hoffman declared on Tuesday night that she would remain in the race for the Republican nomination against former President Donald Trump, even though Haley was unable to defeat the former president in the New Hampshire or Iowa caucuses. After that, he was one of the first wealthy donors to start heading for the exit.
A Republican fundraiser told CNBC on Wednesday that three clients who helped raise up to $100,000 each for Haley’s campaign are refusing to make further contributions to the former U.N. ambassador. he said.
Other fundraisers plan to publicly announce their support for Haley on Wednesday, but given Haley’s 2-0 record to date, it is doubtful they will be able to raise much money for her campaign. “I’m not sure,” he said Wednesday.
Hoffman, a co-founder of LinkedIn, has long funded causes primarily aligned with the Democratic Party, but he reportedly donated $250,000 to a pro-Haley super PAC last year. New York Times.
Hoffman said in December that although she is a supporter of President Joe Biden, she believes Haley has the best chance of defeating Trump in the Republican primary.
Reid Hoffman
Kim White | CNBC
“If America avoids re-electing President Trump, it will be because he loses next year’s election. If he loses, it will be either Nikki Haley who wins the primary or Joe Biden who wins the general election. “I wonder if it’s possible,” Hoffman said. I have written he said on his LinkedIn page last month.
He said he donated to the super PAC after hearing JPMorgan CEO Jamie Dimon appeal to a crowd of business leaders at a dealbook conference to support Haley.
Hoffman has no immediate plans to help Haley again, the person told CNBC, declining anonymity to speak freely about the matter.
Mr. Hoffman, whose net worth is just over $3 billion, did not respond to an email seeking comment.
Trump has a 30-point lead in Haley’s home state of South Carolina, according to Real Clear Politics polling averages.