2020 Democratic Favorites for New York Donors? Biden, Buttigieg, Harris

Mr. Booker, a fixture on the New York donor circuit for nearly two decades, has some key backers, including Gov. Phil Murphy of New Jersey, a Goldman Sachs alum, and Donald Sussman, the billionaire hedge funder who is a top Democratic financier. Mr. Sussman’s daughter Carolyn Tisch Blodgett is hosting a fund-raiser for Mr. Booker on Wednesday; he had another Wall Street-linked event last week.

But Mr. Booker and Ms. Gillibrand are suffering in part from their low standing in the polls. Wall Street titans, in particular, have made their money wagering on winners.

Senator Michael Bennet of Colorado, for instance, is often mentioned as a favorite of New York’s donor class, and he has Jill Straus, a connected New York fund-raising consultant, helping him. Gov. Steve Bullock of Montana has impressed, too. Few described taking them seriously, even as some contributed to them.

Another candidate with a foothold in the finance sector is Mr. O’Rourke, who was hosted on Wednesday at the New York home of Mark Gallogly, a major Wall Street fund-raiser.

David Adelman, who co-hosted that event and is an attorney who represents the financial industry, said he felt a “generational pull” and found Mr. O’Rourke inspiring: “It is important to rotate the crops.”

Mr. Buttigieg’s rise appears to have come, in particular, at Mr. O’Rourke expense as a fresh-faced alternative to Mr. Biden. In a sign of how New York’s money circle extends beyond the finance sector, both Mr. Buttigieg and Mr. O’Rourke recently made time for private sit-downs with Anna Wintour, the editor in chief of Vogue and the artistic director of Condé Nast, a prominent Democratic fund-raiser.

As for Mr. de Blasio, he has openly shunned the financial sector throughout his mayoralty and has made the concentration of wealth in the “wrong hands” a central part of his 2020 message.


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