US billionaires line up to finance Republican electoral campaign
The ultra-rich overwhelmingly back Donald Trump's party over the Democrats in the midterm elections.
US billionaires are overwhelmingly backing Donald Trump's Republican party in this year's midterm elections, with 16 of the 20 largest donors supporting the party. George Soros is the main Democratic supporter. The wealthy donors are investing heavily in campaigns that promote deregulation of cryptocurrencies and artificial intelligence. The midterm elections are attracting massive sums of money, with over $2.8 billion raised for the 2025-26 cycle, and the top 20 megadonors accounting for over a third of this amount.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
