In a surprising turn of events, Reid Hoffman, a prominent Democratic donor and co-founder of LinkedIn, has made a significant financial contribution to the presidential campaign of Republican Nikki Haley.
This move is seen as a strategic attempt to prevent former President Donald Trump from securing the GOP nomination.
According to a report by the New York Times, Hoffman has donated a substantial sum of $250,000 to SFA Fund Inc., the super PAC backing Haley's campaign. The report further reveals that Hoffman's political team had inquired if the super PAC would accept his donation, to which they responded affirmatively.
Despite trailing Trump significantly in the polls, Haley, the former South Carolina governor, has been steadily gaining ground on Florida Governor Ron DeSantis. The Haley campaign is optimistic that this trend will continue, and Hoffman's generous donation is expected to boost their efforts by funding additional television ads.
Hoffman, a billionaire entrepreneur, is a well-known Democratic donor and a supporter of President Biden. His financial backing extends beyond Haley to include a wide array of anti-Trump candidates and causes. The Times reports that he has previously supported writer E. Jean Carrol's lawsuit against Trump, which accused the former president of sexual assault and defamation.
Hoffman's contribution came to light following a call to action by Jamie Dimon, the CEO of JP Morgan Chase, at the New York Times DealBook Summit last week. Dimon urged influential Wall Street figures to financially support Haley's campaign, stating, "Even if you're a very liberal Democrat, I urge you, help Nikki Haley, too. Get a choice on the Republican side that might be better than Trump."
In response, Trump criticized Dimon's comments in a fundraising email on Monday, calling on his supporters to "fight back" against "globalist donors." The email read, "While globalist special interest donors from both parties forge an unholy alliance to beat us, I'm calling on our grassroots donors like YOU to fight back.
Hoffman, who co-hosted a fundraiser for President Biden in California this year, has shown a strong motivation to donate against Trump. In 2022, he contributed to Liz Cheney's campaign when she emerged as one of the most vocal anti-Trump leaders within the Republican Party.
Moreover, Hoffman donated $3.35 million to the Republican Accountability Project, an anti-Trump group. He also supports Defending Democracy Together, a non-profit organization that donated $500,000 to a super PAC backing Republican Chris Christie's presidential campaign, as reported by the New York Times.
Earlier this year, Hoffman expressed his commitment to "supporting America against the threat of Trump" in a post on LinkedIn, indicating that this is one of his top priorities.
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