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Money usually wins elections. Billionaires have already poured $433 million into the 2026 midterms—and 80% of it is going to Republicans

Sydney Lake· ·4 min read · 0 reactions · 0 comments · 6 views
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Money usually wins elections. Billionaires have already poured $433 million into the 2026 midterms—and 80% of it is going to Republicans
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The group found the 50 biggest-spending billionaire families had funneled $344.3 million, or about 79%, to Republican candidates and conservative organizations. The pro-Trump super PAC MAGA Inc. was the single largest beneficiary, pulling in $89 million, followed by America PAC ($45.3 million), Senate Leadership Fund ($36.3 million), and Congressional Leadership Fund ($30 million), all of which support Republican candidates. The biggest individual donor, unsurprisingly, is Elon Musk.

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Original publisherFortune
Canonical URLhttps://fortune.com/2026/07/27/billionaire-donors-republicans-elon-musk-george-soros-money-wins/
Publication timeMon, 27 Jul 2026 07:00:00 +0000
Retrieval time2026-07-27T07:51:02.148Z
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American billionaires have already poured more than $433 million into the 2026 midterms, and nearly 80 cents of every dollar is backing Republicans.Recommended Video That’s according to an analysis released by the Americans for Tax Fairness (ATF), a progressive advocacy group, which examined Federal Election Commission data through March 1. The group found the 50 biggest-spending billionaire families had funneled $344.3 million, or about 79%, to Republican candidates and conservative organizations. The pro-Trump super PAC MAGA Inc. was the single largest beneficiary, pulling in $89 million, followed by America PAC ($45.3 million), Senate Leadership Fund ($36.3 million), and Congressional Leadership Fund ($30 million), all of which support Republican candidates.

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