Who’s Abigail Disney, who’ll stop funding the Democratic Party until Joe Biden drops out of the race? The ‘class traitor’ is Walt Disney’s grandniece and has called billionaires ‘miserable’

Jul 11 , 2024

Who is Disney heiress and “class traitor” Abigail Disney? Photo: @julianaholandabrasil/Instagram

The Disney heiress, grandniece of Walt Disney, calls wealth accumulation an ‘addiction’ – she also doesn’t mind paying more taxes

Like some other donors of the Democratic Party, she has announced plans to pull funds unless US President Joe Biden drops out of the race, after his poor CNN debate performance

Abigail Disney knows what it’s like to be rich.

The filmmaker and activist is the granddaughter of Roy Disney, the co-founder of Walt Disney Co and brother of Walt Disney. As a multimillionaire, she has emerged as one of the most prominent faces of a movement driven by the wealthy to tax the wealthy. She once received a “class traitor” award.

Abigail Disney is the granddaughter of Roy Disney, the co-founder of Walt Disney Co. Photo: @patgill69033215/X

Now, she’s again speaking out about the need to change the United States.

In the wake of the recent US presidential debate, the heiress said that she plans to stop funding the Democratic Party until current US president Joe Biden withdraws from the race – a move adopted by many other of the party’s long-time donors. “Biden is a good man and has served his country admirably, but the stakes are far too high,” she said in a statement to CNBC. So far, Biden has doubled down on his commitment to run for president again.

Here’s what you need to know about the heiress and advocate.

Abigail Disney is in favour of raising her own taxes to create a more equitable system

Abigail Disney is a documentary film producer, philanthropist and social activist. Photo: @la100fm/Instagram

In April 2022, Disney was a speaker at “Oligarchs vs. All of Us: The Fight for Power and Money”. The event was hosted by the Patriotic Millionaires, a group of millionaires devoted to creating a better and more equitable country – which includes having their own taxes raised. And they also have their sights on those in the tax brackets above them.

She’s a vocal critic of the ‘four comma club’ of billionaires

Abigail Disney is critical of billionaires. Photo: @canal1928/Instagram

“One of the most hallmark characteristics of the billionaire is, ‘but his plane is bigger than mine, but he has more commas than I have’. The four comma club, they call themselves, when nobody’s around,” Disney said, referring to her perception that the more money someone has, the more they want. “Everywhere you look, there’s somebody who has more than you do, and that’s not acceptable. That is a really, really horrible way to live your life.”

She talked about how there’s a “persistent ignorance and alienation”. For instance, the more money that her parents got, the more they become afraid of interacting with others who aren’t like them. They felt that the more money they had, they more they had to lose.