• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
PoliticsRepublican Party

Billionaire mega-donors Ken Griffin and the Koch Network tried and failed to make Nikki Haley a presidential contender

Paolo Confino
By
Paolo Confino
Paolo Confino
Reporter
Down Arrow Button Icon
Paolo Confino
By
Paolo Confino
Paolo Confino
Reporter
Down Arrow Button Icon
March 6, 2024, 3:02 PM ET
Former United Nations ambassador Nikki Haley
Former United Nations ambassador Nikki Haley announced she was suspending her campaign for the Republican presidential nomination. Scott Eisen

Former United Nations ambassador and South Carolina governor Nikki Haley ended her bid to be the Republican presidential candidate on Wednesday, the morning after Super Tuesday. 

Recommended Video

In recent weeks, Haley’s campaign had telegraphed her campaign would make a final determination about whether to continue based on the primary results from Super Tuesday. After winning only one state—Vermont—and the District of Columbia, and losing 22 states to former President Donald Trump, Haley decided to hang up her hat. With no other opponents left in the GOP presidential race, Trump effectively secured a presidential nomination he had already been heavily favored to win. That means in all likelihood the U.S. will face a rematch of the 2020 election between Trump and President Joe Biden.

Much of Haley’s success stemmed from a clearly defined track record both in her home state of South Carolina and as a Trump administration cabinet official, her impressive debate performances, and a strong fundraising operation: In fact, Haley succeeded in recruiting some of the GOP’s biggest donors. Financial backers to Haley’s campaign included the Koch Network, a longstanding staple in Republican fundraising circles, hedge-fund billionaire Ken Griffin, and New Balance owner Jim Davis. 

Thanks to those donations, Haley succeeded in outlasting an extensive field of Republican candidates. In that field were several past Trump administration officials including former Vice President Mike Pence and former New Jersey governor Chris Christie, who headed Trump’s 2016 transition team. Haley also outlasted several other candidates, like South Carolina senator Tim Scott and Florida governor Ron DeSantis, who were tipped as having bright futures in the Republican party. She did also make history as the first woman to win a Republican presidential primary. The result meant that women in both major parties had now won a presidential primary, after former New York congresswoman Shirley Chisholm became the first to do so when she won the New Jersey primary in 1972. 

Haley’s campaign did not respond to a request for comment. 

In the Republican primary race, Haley’s big endorsements provided her campaign a war chest that propelled her campaign further than any of Trump’s other challengers. The coveted endorsement of the Koch Network’s Americans for Prosperity political network alone gave her a $32 million boost from November through February. Meanwhile, Griffin donated $5 million to Haley’s campaign in December and January in the lead-up to the Iowa caucus. Griffin had previously donated to a variety of candidates from both sides of the aisle, including former President Barack Obama, but now the majority of his political donations tend to go to the GOP.  

Over the course of her campaign, Haley touted the endorsements as a sign of her strength, seeming happy to remind the other candidates that they, too, had vied for these same big-dollar donors and their troves of cash. But despite ample support from the donor class, her campaign made little dent in the immovable political object that is Trump’s Republican support. As of Wednesday morning, the expected delegate count stands at 777 in favor of Trump and just 44 supporting Haley. Over the course of the primary, Trump consistently polled above Haley. Trump even beat Haley by 20 points in her home state of South Carolina. The disappointing results in her home state ultimately led the Koch Network to announce it was suspending its support to her campaign.  

Pegging herself as the best option to avoid another Trump presidency also endeared Haley to independents and even some Democratic donors. For example, the billionaire LinkedIn cofounder and longtime Democratic booster Reid Hoffman donated $250,000 to a Haley super PAC on the grounds that she represented an early possibility to keep Trump out of the White House should she win the Republican primary. Other business leaders, like JPMorgan Chase CEO Jamie Dimon and Pershing Square Capital founder Bill Ackman, called for Democrats to support Nikki Haley if they hoped to avoid a second Trump term. 

For her part, Haley seemed to welcome the donations and support regardless of their partisan affiliation. “Anybody that wants to come support the cause, whether they’re Republican, independent, or Democrat, we’re going to take them,” she told Fox News in November. 

Haley alluded to her ability to have recruited support from outside the Republican party in a speech on Wednesday. “It is now up to Donald Trump to earn the votes of those in our party, and beyond it, who did not support him, and I hope he does that,” she said. “At its best politics is about bringing people into your cause, not turning them away. And our conservative cause badly needs more people.”

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Author
Paolo Confino
By Paolo ConfinoReporter

Paolo Confino is a former reporter on Fortune’s global news desk where he covers each day’s most important stories.

See full bioRight Arrow Button Icon

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

Here’s why King Charles is coming to America. And it is not the reason the President thinks 
EuropeLetter from London
Here’s why King Charles is coming to America. And it is not the reason the President thinks 
By Kamal AhmedApril 2, 2026
59 minutes ago
Prediction markets have sparked a golden age of insider trading—but the party may be coming to an end
InvestingPolymarket
Prediction markets have sparked a golden age of insider trading—but the party may be coming to an end
By Jeff John RobertsApril 2, 2026
2 hours ago
Asian markets drop after Trump signals he’ll bomb Iran ‘back to the stone ages’, tells other countries to ‘take the lead’ in reopening Hormuz
Asiaoil and gas
Asian markets drop after Trump signals he’ll bomb Iran ‘back to the stone ages’, tells other countries to ‘take the lead’ in reopening Hormuz
By Nicholas GordonApril 2, 2026
2 hours ago
Trump at a podium
PoliticsIran
Trump will address the nation about the Iran war on Wednesday. Here’s what to expect
By Eva RoytburgApril 1, 2026
15 hours ago
Luigi Mangione’s federal trial has been pushed back to October in killing of UnitedHealthcare CEO
LawMurder
Luigi Mangione’s federal trial has been pushed back to October in killing of UnitedHealthcare CEO
By The Associated Press, Michael R. Sisak and Larry NeumeisterApril 1, 2026
18 hours ago
trump
CommentaryEPA
The EPA just valued a human life at $0. That’s not just a moral crisis — it’s a market crisis
By Andrew BeharApril 1, 2026
23 hours ago

Most Popular

Two-thirds of parents say their adult Gen Z kids still rely on them financially  for support—even though it's putting them under strain
Success
Two-thirds of parents say their adult Gen Z kids still rely on them financially  for support—even though it's putting them under strain
By Fortune EditorsMarch 31, 2026
2 days ago
Jerome Powell says the $39 trillion national debt is ‘not unsustainable,’ but warns the trajectory ‘will not end well’
Economy
Jerome Powell says the $39 trillion national debt is ‘not unsustainable,’ but warns the trajectory ‘will not end well’
By Fortune EditorsMarch 30, 2026
3 days ago
Current price of gold as of April 1, 2026
Personal Finance
Current price of gold as of April 1, 2026
By Fortune EditorsApril 1, 2026
22 hours ago
Current price of oil as of April 1, 2026
Personal Finance
Current price of oil as of April 1, 2026
By Fortune EditorsApril 1, 2026
23 hours ago
A man used AI to call 3,000 Irish bartenders to track the cost of Guinness. Now pubs are lowering their prices to compete
AI
A man used AI to call 3,000 Irish bartenders to track the cost of Guinness. Now pubs are lowering their prices to compete
By Fortune EditorsMarch 30, 2026
3 days ago
Hiring just hit a level not seen since the economy was ‘closed down literally’ during COVID, top economist says
Economy
Hiring just hit a level not seen since the economy was ‘closed down literally’ during COVID, top economist says
By Fortune EditorsMarch 31, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.