The 25 billionaires and millionaires who have already spent roughly $850 million ahead of the midterms
A review of federal campaign data reveals that billionaires and millionaires have donated approximately $850 million ahead of the upcoming US midterm elections. George Soros and his family lead the list of donors, contributing over $103 million to various Democratic-aligned groups.
Why it matters
The massive influx of private wealth into political campaigns raises ongoing questions about the influence of money in democratic processes.
Olivier Hoslet/Getty; Bloomberg/Getty; Getty Images; Tyler Le/BI The biggest donors have already given roughly $850 million ahead of November's midterm elections. Financier George Soros and his family have given more than $103 million. Other big donors include Elon Musk, Jeff Yass, Miriam Adelson, and more. Billionaires and millionaires are spending big money ahead of November's midterm elections. A Business Insider review of federal campaign data found that roughly $849 million has already been donated, including by some of the world's wealthiest individuals, such as SpaceX CEO Elon Musk , Walmart heir Jim Walton, and Wall Street financier Jeff Yass. Here are some of the biggest names. George, Alex, and Jonathan Soros: $103.3 million George Soros is seen during an event in 2022 Jason Alden/Bloomberg via Getty Images For decades, financier George Soros has been one of the biggest megadonors in US politics.
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