Saturday, October 24, 2026

Elon Musk has become the largest political donor in modern American history

Musk has poured nearly $370 million of his personal fortune into this year’s midterm elections, making him the largest individual donor in American electoral history. 

The billionaire’s money went to the Republican political action committees Senate Leadership Fund, America PAC, and Congressional Leadership Fund.

The 50 largest donors contributed nearly $2.4 billion to the midterms in total. About $1.5 billion went to Republicans, while Democrats received roughly $600 million. 

The Democratic Party’s largest individual backer remains  George Soros. Through his foundations he donated $100 million to the party.

ℹ️ Content Notice: This text is an English translation and factual adaptation of news events, edited for clarity, neutrality and objective reporting.
Source of information: Global News Agencies including REUTERS / TASS / AFP / ANADOLU / INT.RU / Al Jazeera / CNN

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