Stories
Elon Musk and Billionaires Pour Billions Into US Midterm Elections
- •Elon Musk leads campaign finance disclosures for the 2025-2026 US midterm elections with approximately $366 million in contributions.
- •Wealthy donors and organizations have channeled billions into the election cycle, with Republican-aligned interests holding a significant financial advantage.
- •Major individual donors include George Soros, Jeff and Janine Yass, Marc Andreessen, Ben Horowitz, Miriam Adelson, and others backing various political causes.
- •Super PACs and nonprofits such as One Nation, House Majority Forward, and Fairshake have received massive sums to influence congressional and state races.
Key Questions Answered
The New York Times estimates Elon Musk's total contributions for the 2025-2026 election cycle at approximately $366 million, which includes a late-cycle push of $276 million committed after July to support Republican congressional majorities.
Musk's post-July funding included $158 million to the Senate Leadership Fund, $76 million to America PAC, $20 million to the Congressional Leadership Fund, $10 million to the Republican Governors Association, $10 million to Lone Star Liberty PAC, and $2 million to the Republican Attorneys General Association.
Prominent individual donors include George Soros ($102 million), Jeff and Janine Yass ($95.3 million), Marc Andreessen and Ben Horowitz ($91.3 million), and Elizabeth and Richard Uihlein ($70 million). Major supporting groups feature the nonprofit One Nation with $70.74 million and House Majority Forward with $61.7 million.
