Microsoft founder Bill Gates is supporting Democratic Vice President Kamala Harris in the 2024 presidential race, according to The New York Times.
Sources close to Gates reportedly told the outlet that the billionaire, long known for staying out of politics publicly, had donated about $50 million to a nonprofit supporting Harris’s run.
In a statement to the Times, Gates did not confirm or deny the donation but said, “this election is different.” Fortune has reached out to Gates for comment.
According to The Times report, Gates is concerned about former President Donald Trump’s economic policies and potential cuts to family planning and global health programs, key issues for the Bill & Melinda Gates Foundation.
Gates’ donation supporting the Democratic nominee comes as sentiment has shifted in recent days about Harris’ chances to defeat Trump in the presidential election. Crypto prediction platform Polymarket, which has $2.3 billion in wagers on the election outcome, is tilted heavily in favor of Trump with 64% with odds on the Republican as the victor. PredictIt has similar odds favoring a Trump win next month.
Billionaire investor Stanley Druckenmiller, known for his clear-sighted navigation through geopolitical uncertainty, suggested last week in an interview with Bloomberg that market insiders are banking on a Trump win. In that scenario, there would be a “red sweep” of Republican candidates, he said.
This breaking news report will be updated shortly.
