Here Are The Biggest Billionaire Donors In The Midterms—So Far

Aug 29, 2026 03:16 AM - 1 hour ago 5

Topline

The 10 apical billionaire donors successful the midterm elections unsocial person already fixed much than $734 billion, national predetermination records show, arsenic high-profile billionaires for illustration Marc Andreessen, Elon Musk, George Soros and the Winklevoss twins move millions into national races.

Elon Musk connected May 14 successful Beijing.

Key Facts

Billionaires and the companies they power person made up astir each of the apical individual donors this predetermination cycle, based connected rankings compiled by The New York Times and Washington Post, pinch the afloat database of apical donors rounded retired by GOP- and Democratic-aligned nonprofits, crypto companies Coinbase and Crypto.com and sports betting tract DraftKings.

Marc Andreessen (Forbes Valuation: $1.9 billion): Andreessen, his business partner Ben Horowitz and their task superior money Andreessen Horowitz person donated a mixed $115.3 million this predetermination cycle, arsenic calculated by the Times, while national predetermination records show Andresseen has personally fixed immoderate $42.2 million—with the biggest checks going to PACs supporting crypto and AI, on pinch President Donald Trump’s MAGA Inc.

George Soros (Forbes Valuation: $7.5 billion): Soros and his boy Alex are the apical Democratic givers this predetermination cycle, giving a mixed $103.7 million to Democratic-aligned ace PACs betwixt the family and groups they control, though the elder Soros has personally only fixed somewhat nether $1 million to Democratic candidates and the Democratic Senatorial Campaign Committee.

Jeff Yass (Forbes Valuation: $67.4 billion): Yass, a Trump-aligned billionaire who’s antecedently advocated for TikTok, has poured $93.8 million into the midterms truthful far, pinch the bulk of that cash—$20 million—going to the ace PAC supporting chap billionaire Vivek Ramaswamy’s gubernatorial bid successful Ohio.

Elon Musk (Forbes Valuation: $876 billion): The world’s richest man has fixed immoderate $90.5 million truthful far, chiefly to his ain America PAC, which he’s reportedly authorized to walk up to $120 cardinal connected battleground Senate and House races this year.

Richard and Elizabeth Uihlein (Forbes Valuation: $7.7 billion jointly): The Uihleins person agelong been known arsenic awesome GOP donors, and are keeping that up this predetermination rhythm pinch a mixed $70 million successful donations to Republican ace PACS, including costs that support judicial races and Wisconsin House campaigner Jessi Ebben, who ended up losing her superior race.

Miriam Adelson (Forbes Valuation: $33.8 billion): The woman of precocious casino magnate Sheldon Adelson has spent astir $67.6 million truthful far, pinch $25 cardinal going to Trump’s MAGA Inc. ace PAC and $40 cardinal supporting House and Senate Republicans.

Chris Larsen (Forbes Valuation: $12.6 billion): The Ripple Labs co-founder and his institution person fixed a mixed $65.7 million successful the midterms, according to the Times, of which Larsen personally donated $15.2 million; Ripple’s money chiefly flowed to the Fairshake ace PAC that gives money to crypto-friendly candidates, while Larsen, a longtime Democratic donor, gave generously to pro-clean power PACs and Democratic candidates, peculiarly grounded New York House campaigner Alex Bores.

Paul Singer (Forbes Valuation: $6.7 billion): GOP-aligned philanthropist Singer has fixed $52.5 million truthful far, pinch a $15 cardinal chunk of that money going to STW PAC Inc., a recently formed ace PAC that appears to beryllium wholly bankrolled by Singer and has not yet spent immoderate money connected midterm races.

Cameron and Tyler Winklevoss (Forbes Valuation: $2.9 billion jointly): The Winklevoss twins, who founded crypto speech Gemini, person routed a mixed $42.7 million to midterm races—including $16.1 million each from from Cameron and Tyler personally, positive donations from their Winklevoss Capital firm—with astir of that money going toward pro-crypto ace PAC Digital Freedom Fund, Trump’s MAGA Inc. and costs supporting Republican candidates.

Ken Griffin (Forbes Valuation: $53.2 billion): The billionaire hedge money leader has been critical of the Trump administration, but is still powerfully backing Republicans successful the midterms, giving $32.2 million to PACs backing GOP candidates.

Tangent

OpenAI President Greg Brockman and his woman Anna are besides successful the apical 20 biggest midterm donors, arsenic compiled by the Times, giving a mixed $50 cardinal to Trump’s MAGA Inc. and a ace PAC supporting AI. While Brockman has described himself successful tribunal arsenic a billionaire, Forbes does not person him weighted arsenic a billionaire astatine this point. Billionaire Charles Koch’s Koch Inc. has besides fixed $35 million successful the midterms, but Koch himself only gave astir $17,000 personally to Koch Inc.’s ace PAC.

Which Other Billionaires Are Giving Big In The Midterms?

One of the biggest donors to Trump’s MAGA Inc. ace PAC this rhythm has been billionaire lipid tycoon Kelcy Warren, who gave $25 cardinal to the president’s predetermination money successful February 2025, pinch $12.5 cardinal each coming from himself and his institution Energy Transfer LP. Trump’s MAGA Inc. has besides received seven-figure checks from the likes of owe lender Mat Ishiba and his companies, Blackstone laminitis Stephen Schwarzman and Small Business Administrator Kelly Loeffler pinch hubby Jeff Sprecher, among numerous others. Estee Lauder heir Ron Lauder, who reportedly gave Trump the thought to bargain Greenland, besides gave MAGA Inc. $5 cardinal successful March 2025, though he’s now reportedly bowing out of governmental giving aft decades of being a apical GOP donor. Super PACs supporting legislature candidates are besides attracting billionaires’ attention, pinch the Senate Leadership Fund backing GOP candidates attracting ample donations from billionaires including Schwarzman, Steve Wynn, Jude and Christopher Reyes and Walmart heirs Rob and Jim Walton. Many of the apical GOP billionaire donors person besides fixed to the Congressional Leadership Fund that backs House Republicans, on pinch Commerce Secretary Howard Lutnick. On the Democratic side, the Senate Majority PAC has gotten billionaire support this predetermination rhythm from the likes of philanthropist Amos Hofstetter, Jr., hedge money head Stephen Mandel and existent property agent George Marcus, who besides supported the House Majority PAC, on pinch Connie Ballmer—wife of billionaire Steve Ballmer—Netflix cofounder Reed Hastings and Illinois Gov. J.B. Pritzker. Other billionaires who person spent heavy this predetermination rhythm according to national filings, donating betwixt $13 cardinal and $26 million, see erstwhile New York City Mayor Michael Bloomberg, ABC Supply cofounder Diane Hendricks and Ameritrade laminitis J. Joe Ricketts.

What to Watch for

Political giving is apt to only ramp up arsenic the predetermination draws near, and billionaires could still move further millions into apical races. The afloat grade of their spending won’t go clear until national reports are revenge aft the predetermination ends.

What We Don’t Know

These figures only see national predetermination spending, and do not see donations made astatine the authorities level. Billionaires person been progressive successful immoderate of those races arsenic well, pinch Alaska’s ballot measurement connected ranked-choice voting attracting peculiar attention from the likes of Musk, Yass, Uihlein, Republican megadonor Timothy Mellon and Hilcorp cofounder Jefferey Hildebrand. Billionaires person besides been spending heavy to conclusion California’s one-time wealthiness taxation connected the state’s billionaires, pinch awesome opponents including Alphabet cofounder Sergey Brin, erstwhile Google CEO Eric Schmidt, investor Peter Thiel and Stripe cofounder Patrick Collison. Gubernatorial races are besides drafting attention, pinch donations for illustration Bloomberg giving to Pennsylvania Gov. Josh Shapiro and Griffin backing Florida campaigner Byron Donalds—while Pritzker, whose nett worthy Forbes values astatine $4.2 billion, is bankrolling his ain reelection bid.

What Is Trump’s MAGA Inc. Spending Money On?

Trump’s MAGA Inc. ace PAC has assembled a $400 cardinal warfare thorax mostly from able donors, pinch the Brennan Center for Justice reporting successful February that 96% of its costs came from donations of $1 cardinal aliases more. How each that money will beryllium spent, however, is still mostly unclear: The PAC has spent small of its backing truthful far, though it did backmost Darline Graham successful her superior race, and Politico reported past period that Republican candidates person been getting antsy complete the PAC not doling retired its rate aliases giving a beardown denotation of really it plans to. Trump said past week he planned to walk “a lot” of the money his PAC had raised, telling reporters connected Aug. 21, “I’ll beryllium spending a batch of that money for candidates that I deliberation are good, Republican candidates.” The Atlantic reported Tuesday the president besides wants to walk a ample chunk of the PAC’s costs connected an advertizing “blitz” touting his ain grounds arsenic president, however, pinch ads that will reportedly “focus connected nationalizing the midterms broadly astir his victories.”