Exclusive | Billionaire Dem donors slam ineffectual DNC, say they wont fork over more cash for now

Billionaire Dem donors including Barry Diller and Michael Bloomberg are refusing to fork over more cash for now to the party’s main fundraising committee because there’s now a “broad consensus” it’s “ineffectual,’’ sources said.The Democratic National Committee has been plagued by infighting and defections as the party remains virtually leaderless since President Trump’s victory over Vice President Kamala Harris in the 2024 election — prompting some once-reliable and deep-pocketed donors to yank funding for the time being.“For a variety of reasons, I have no intention of donating to the DNC,” media mogul Diller told The Post last week.Diller, chairman of such holdings as the Internet and media behemoth IAC, seethed in his just-released memoir “Who Knew” that former President Joe Biden and his administration used a bait-and-switch tactic when it came to his promise of restoring the “soul of the nation.”“I think the biggest crime of the Biden administration is that it came in with a pledge to restore a more civilized, selfless, and uplifting manner of governance and instead let us all down with its progressive elitism, personal ego, and cynical behavior.Such a shame,” Diller wrote.Sources close to Bloomberg, a news tech titan and New York City’s former mayor, said he also is wary of giving to the DNC again, while others have expressed skepticism that hedge-fund manager Marc Lasry is in a hurry to make up the shell out funding.During the 2023-24 election cycle, Bloomberg gave $413,000 to the DNC; Diller donated $330,400; and Lasry contributed $133,400.

Lasry hinted that ultimately he will give again to the DNC — but didn’t specify when.A rep for Bloomberg declined to comment.“There is just a broad consensus that the DNC is ineffectual and not where we should be giving money,” said a longtime former donor.“But it’s not surprising,” the source said.

“‘I don’t belong to an organized party, I’m a Democrat’ is ...