Tracking the money: The biggest donors in the 2026 US midterm elections
Summary
The 50 largest donors and organizations have contributed a combined $2.77 billion to the 2026 U.S. midterm election cycle, with about 60% going to Republican-aligned causes and 30% to Democratic-aligned causes. Much of the largest individual donations went to super PACs, which can raise unlimited sums but cannot coordinate spending with candidates.Key Facts
- Political advertising spending in the 2026 midterms is projected to reach $11.6 billion, according to AdImpact.
- The top 50 donors and organizations contributed $2.77 billion during the election cycle.
- Republican-aligned contributors provided $1.67 billion, while Democratic-aligned contributors provided $832 million.
- Another $264 million came from contributors classified as bipartisan or special interest.
- Elon Musk was the largest individual contributor, with $446 million, according to Federal Election Commission data.
- Other leading Republican-aligned donors included Elizabeth and Richard Uihlein, with $150 million, and Jeff and Janine Yass, with $110 million.
- Leading Democratic-aligned donors included George Soros, with $102 million; Mike Bloomberg, with $84 million; and Reid Hoffman and Michelle Yee.
- Some nonprofits, including One Nation and Majority Forward, do not have to disclose their donors, which can obscure the original sources of political money.
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