U.S. billionaires fund Republican campaigns ahead of 2026 midterms

On September 16, 2026, Financial Times reporting revealed that ultra-wealthy donors overwhelmingly back the Republican Party in the 2025–26 election cycle, with more than one-third of the $2.8 billion raised coming from the 20 largest mega-donors. Social media posts criticized the concentration of political funding from wealthy elites.

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US billionaires line up to bankroll Republicans’ election push

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The greatest trick the devil ever pulled was to convince the American voter he was on their side, fighting against the elites. Ultra-wealthy overwhelmingly back Donald Trump’s party over Democrats as money floods into midterms race