Archive · 29 Sep 2026
Wealthy Donors Pour Millions Into 2026 US Midterm Campaigns
Very wealthy people are giving large amounts of money to groups involved in the 2026 US midterm elections.
About $849 million has been donated so far.
Elon Musk, Jeff Yass and Miriam Adelson are among the largest individual donors.
Much of their money supports Republican candidates or groups.
The Soros family and organizations connected to it have supported Democratic groups, especially Democracy PAC.
Technology, cryptocurrency and artificial-intelligence leaders are also donating millions.
Some political groups support candidates from both parties who favor certain issues, such as clean energy.
This means a relatively small number of wealthy donors account for a large share of the money entering the election.
About $849 million has entered the 2026 US election cycle, largely from billionaires, business leaders and wealthy families.
Elon Musk, Jeff Yass and Miriam Adelson are among the biggest individual donors, giving roughly $90.5 million, $95.3 million and $67.6 million respectively.
The Soros family and organizations linked to it have contributed more than $103.3 million, including major donations to Democracy PAC, while direct family donations to Democratic committees remain under $1 million.
Cryptocurrency and artificial-intelligence donors, including Ripple Labs, the Winklevoss brothers and Greg Brockman, have committed tens of millions of dollars.
Most identified recipients are Republican-aligned groups, although some donors support bipartisan causes, including clean energy, cryptocurrency policy and artificial intelligence.
- Who
- Billionaires, business leaders, wealthy families and technology, cryptocurrency and artificial-intelligence figures, including Elon Musk, Jeff Yass, Miriam Adelson, Greg Brockman and the Soros family.
- What
- Wealthy donors have contributed about $849 million to political committees, super PACs and candidates during the 2026 US election cycle.
- When
- Ahead of the November 2026 US midterm elections.
- Where
- The United States.
- Why
- To support political candidates, super PACs and policy causes, including Republican and Democratic campaigns and technology-related issues.
Democratic- and bipartisan-aligned giving
Republican-aligned giving
Political recipients
Democratic- and bipartisan-aligned giving
The Soros family and linked organizations have directed major contributions to Democracy PAC and Democratic campaign committees. Some cryptocurrency donors also support groups backing candidates from both parties.
Republican-aligned giving
Musk, Yass, Adelson, the Uihleins and other donors have supported Republican groups including America PAC, the Congressional Leadership Fund, the Senate Leadership Fund, MAGA Inc. and Restoration of America PAC.
Policy priorities
Democratic- and bipartisan-aligned giving
Some donors support clean-energy candidates from either party, while other contributions go to Democratic committees and candidates.
Republican-aligned giving
Other donors support conservative causes, Republican congressional and judicial races, candidates aligned with Donald Trump, or candidates viewed as supportive of artificial intelligence.
- Total reported giving
- 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 reported.
- Elon Musk
- About $90.5 million to $91 million, including more than $50 million to America PAC.
- Soros-linked giving
- More than $103.3 million from George Soros, his sons and linked organizations; direct family giving to Democratic committees is described separately as under $1 million.
- Cryptocurrency giving
- Chris Larsen, Lyna Lam and Ripple Labs contributed about $65.7 million collectively.
- Artificial-intelligence giving
- Greg Brockman and Anna Brockman donated $50 million, including contributions to Leading the Future and MAGA Inc.
