Former mayor of New York City and billionaire businessman Michael Bloomberg became the second-largest individual donor to Vice President Kamala Harris’ campaign behind George Soros, following a reported $50 million donation to the main super PAC funding the vice president’s campaign.

Bloomberg donated nearly $20 million over the summer to support President Biden’s re-election campaign, but apparently gave any donations to Harris after she replaced Biden on the Democratic ticket. However, amid pressure from fellow billionaires, Bloomberg eventually cut a check to support Harris, according to The New York Times, which reportedly spoke to four people familiar with the donation.

The $50 million went to Future Action Forward USAthe main dark money super PAC endorsing Harris. Before Harris took over the ticket, Future Forward was the main political action committee supporting Biden.

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Bloomberg’s donation follows another $50 million donation to Future Forward from Bill Gates. Sources who spoke to The Times indicated that Bloomberg and his team responded to high-level requests democratic donors, like Gates, LinkedIn co-founder Reid Hoffman and venture capitalist Ron Conway, urging the former mayor to consider cutting Harris a check. Two people familiar with the matter said Bloomberg also recently spoke with Harris by phone.

Mayor Mike Bloomberg, left, and New England Patriots owner Robert Kraft chat during the Alfred E. Smith Foundation Annual Dinner at the New York Hilton Midtown on October 17, 2024 in New York City. (Photo by Michael M. Santiago/Getty Images)

Michael Smith, chairman of the House Majority PAC, defended Bloomberg’s decision to wait until the final days before the election to donate, calling the move “deliberate” and “sophisticated,” according to the Times. “It shouldn’t be expected that any individual donor will give just to you,” Smith argued. “Mike doesn’t give money to anyone just to give money.”

Meanwhile, Quentin James, founder and chairman of Collective PAC, told The Times that he “very clearly” disagrees with the strategy “because time, not delayed money, is always our best weapon.”

Left to right, President Biden, former New York Mayor Michael Bloomberg and former President Donald Trump attend the annual 9/11 commemoration ceremony at the National 9/11 Memorial and Museum on September 11, 2024 in New York City. (Photo by Michael M. Santiago/Getty Images)

Before Bloomberg’s most recent donation, the former New York City mayor had given about $47 million in federally disclosed political contributions this cycle, according to reports. That included nearly $20 million he gave to Biden before he dropped out, which went to Future Forward and another $10 million to support House Democrats.

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The Times reported that Bloomberg was hesitant to provide additional funding to Future Forward beyond the initial $20 million he gave it when Biden ran, with the billionaire citing the vice president’s fundraising success already.

President Biden, left, and former New York City Mayor Michael R. Bloomberg, founder of Bloomberg Philanthropies, shake hands on stage at the Bloomberg Global Business Forum on Sept. 24, 2024, in New York City. (Photo by Bryan Bedder/Getty Images for Bloomberg Philanthropies)

According to The Times, Bloomberg considered spending the money on ballot initiatives and other state initiatives a higher priority. Just this week, Bloomberg gave $2.5 million to oppose a Massachusetts ballot measure that seeks to get rid of standardized testing requirements for high school graduates.

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Bloomberg’s donations this cycle are much lower than they were in 2020. After breaking his own campaign spending records that year, Bloomberg stepped back but continued to help Democrats to the tune of about $173 million of dollars. It was reported that he only gave $100 million to Biden just to help him win the state of Florida. Bloomberg’s $173 million in 2020 is $126 million more than he spent in this current presidential cycle.

Fox News Digital reached out to Bloomberg Philanthropies, but the group declined to comment.