After President Joe Biden announced his bid for re-election next year, prominent donors in the business world quickly threw their support behind him.

Executives from various sectors, including tech, media, and finance, publicly and privately expressed their readiness to assist Biden in overcoming his lukewarm approval ratings and defeating a fierce Republican challenger, potentially including former President Donald Trump.

Meanwhile, several major Republican donors are searching for alternatives to Trump and are eyeing Florida Governor Ron DeSantis as a potential candidate, CNBC reported.

However, with DeSantis engaged in a dispute with Disney, some of these donors are considering other options, including former Vice President Mike Pence, who could also enter the GOP primary race.

Regardless of who becomes the Republican nominee, Biden is expected to have a significant campaign fund for the 2024 election.

Written by staff