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Billionaires Pour Hundreds of Millions Into 2026 Midterm Elections
Very rich people are giving large amounts of money to groups involved in the US midterm elections.
About $849 million has already been donated for the 2026 election cycle.
Elon Musk, Jeff Yass and Miriam Adelson are among the biggest donors.
The Soros family has also given more than $103.3 million through people and organizations connected to the family.
Some donations support Republican candidates, while others support Democratic committees or candidates.
Cryptocurrency and artificial-intelligence companies and executives are also spending money on political groups.
Much of the money goes to super PACs, which help support candidates or political causes.
This means a relatively small group of wealthy donors accounts for a significant share of the money entering the elections.
About $849 million has been donated to the 2026 election cycle, much of it from billionaires, business leaders and wealthy families.
Jeff Yass, Elon Musk and Miriam Adelson are among the largest individual donors, giving about $95.3 million, $91 million and $67.6 million respectively.
The Soros family and linked organizations have contributed more than $103.3 million, largely to Democracy PAC and Democratic campaign committees.
Cryptocurrency and artificial-intelligence figures, including Ripple Labs, the Winklevoss brothers and OpenAI President Greg Brockman, have committed tens of millions.
Major donors are supporting super PACs and committees backing Republican, Democratic, technology, cryptocurrency and other policy-oriented candidates and causes.
- Who
- Billionaires, business leaders, wealthy families, cryptocurrency executives and artificial-intelligence figures, including Elon Musk, Jeff Yass, Miriam Adelson and members of the Soros family.
- What
- Wealthy donors have contributed about $849 million to political committees, super PACs and candidates ahead of the 2026 US midterm elections.
- Where
- The United States.
- When
- Ahead of the November midterm elections, during the 2026 election cycle.
- Why
- To support candidates, political committees, super PACs and policy causes, including Republican and Democratic campaigns and technology-related issues.
Democratic-aligned giving
Republican-aligned giving
Political recipients
Democratic-aligned giving
The Soros family and linked organizations have directed major contributions to Democracy PAC, the Democratic Senatorial Campaign Committee and the Democratic Congressional Campaign Committee.
Republican-aligned giving
Elon Musk, Miriam Adelson, Jeff Yass and other donors have supported Republican candidates or groups such as the Senate Leadership Fund, Congressional Leadership Fund and MAGA Inc.
Policy-focused spending
Democratic-aligned giving
Chris Larsen and Lyna Lam have supported a super PAC backing candidates from both parties who favor clean energy.
Republican-aligned giving
Other donors have supported groups focused on Republican campaigns, judicial races, congressional contests or candidates aligned with President Donald Trump.
Key facts
- Reported donations
- About $849 million so far, according to Business Insider.
- Election cycle
- The 2026 US midterm elections.
- Largest named donor
- Jeff Yass, with about $95.3 million donated.
- Elon Musk's giving
- Nearly $91 million, including more than $50 million to America PAC.
- Soros family giving
- More than $103.3 million from George Soros, his sons and linked organizations.
- Cryptocurrency giving
- Chris Larsen, Lyna Lam and Ripple Labs have collectively contributed about $65.7 million.
- Artificial-intelligence giving
- Greg Brockman and Anna Brockman have donated $50 million.
Sources
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