Money usually wins elections. Billionaires have already poured $433 million into the 2026 midterms—and 80% of it is going to Republicans

American billionaires have already poured more than $433 million into the 2026 midterms, and nearly 80 cents of every dollar is backing Republicans. That’s according to an analysisreleased by the Americans for Tax Fairness (ATF), a progressive advocacy group, which examined Federal Election Commission data through March 1. The group found the 50 biggest-spending billionaire families had funneled $344.3 million, or about 79%, to Republican candidates and conservative organizations. 

The pro-Trump super PAC MAGA Inc. was the single largest beneficiary, pulling in $89 million, followed by America PAC ($45.3 million), Senate Leadership Fund ($36.3 million), and Congressional Leadership Fund ($30 million), all of which support Republican candidates.