June 19, 2024

Reid Hoffman pauses Haley funding after New Hampshire loss

Republican presidential candidate, former U.N. Ambassador Nikki Haley, speaks during a campaign event held at the Alpine Grove Event Center on January 18, 2024, in Hollis, New Hampshire.

Joe Raedle | Getty Images

Billionaire Reid Hoffman is not planning to give any more money to Nikki Haley‘s candidacy for president, according to a source familiar with the matter.

Hoffman, who has for years mainly financed causes in line with the Democratic Party, gave $250,000 to a pro-Haley super PAC last year, according to The New York Times. The person who told CNBC that Hoffman didn’t have immediate plans to help Haley again declined to be named in order to speak freely about the matter.

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