Billionaire Bill Ackman Backs Dean Phillips to Challenge Biden
- Ackman says he plans to give $1 million to support Phillips
- Phillips is mounting a long-shot bid to be Democratic nominee
Bill Ackman
Photographer: Jeenah Moon/BloombergThis article is for subscribers only.
Billionaire investor Bill Ackman said he’s contributing $1 million to support Minnesota Representative Dean Phillips to become the Democratic nominee in the 2024 presidential election.
Phillips is a long-shot challenger to President Joe Biden in his reelection bid. But with polls showing sagging support for the president against leading Republican rival Donald Trump, some are seeking alternative candidates.