Ranked: The 50 Biggest Donors to the 2026 U.S. Midterm Elections

Who’s Funding the 2026 U.S. Midterm Elections?

Key Takeaways

• The 50 largest donors and donor groups to the 2026 U.S. midterm elections have contributed $2.77 billion, with Republican-aligned contributors accounting for approximately 60% of the total.

• Elon Musk leads the ranking with $446 million in contributions, nearly three times as much as the second-largest donor entry.

With control of Congress at stake in the November 3 midterm elections, billions of dollars are flowing into American politics.

Political advertising spending is projected to reach a record $11.6 billion during the 2025–2026 election cycle, surpassing spending during the 2024 presidential election cycle.

Much of the funding comes from wealthy individuals, political organizations, and corporations seeking to influence electoral outcomes and public policy.

This visualization by Al Jazeera ranks the 50 largest donors and donor groups in the 2026 U.S. midterm election cycle.

The data is based on Federal Election Commission filings reported as of October 26, 2026. It tracks major contributions to federal political committees since January 1, 2025, and groups donors by political affiliation.

Elon Musk Dominates Political Donations

Elon Musk tops the ranking, with contributions that dwarf those of every other donor or organization on the list.

DonorDescriptionPolitical affiliationDonations

Elon MuskSpaceX, TeslaRepublican$446M

Elizabeth & Richard UihleinShipping magnatesRepublican$150M

One NationRepublican-aligned nonprofitRepublican$133M

Jeff & Janine YassFinancier and education advocateRepublican$110M

George SorosBillionaire investor and philanthropistDemocrat$102M

Majority ForwardDemocratic-aligned nonprofitDemocrat$102M

House Majority ForwardDemocratic-aligned nonprofitDemocrat$93.7M

Ben Horowitz & Marc AndreessenVenture capitalistsRepublican$92.2M

Mike BloombergBloomberg LP co-founder and former New York City mayorDemocrat$84.2M

Miriam AdelsonLas Vegas Sands, Dallas MavericksRepublican$67.6M

American Action NetworkRepublican-aligned nonprofitRepublican$64.3M

CoinbaseCryptocurrency firmSpecial Interest$57.8M

Cameron & Tyler WinklevossCryptocurrency billionaire brothersRepublican$55.9M

Paul SingerElliott ManagementRepublican$53.5M

American Prosperity AllianceRepublican-aligned nonprofitRepublican$50.7M

Greg & Anna BrockmanOpenAI co-founder and wifeRepublican$50.0M

RippleCryptocurrency firmSpecial Interest$49.6M

GOPACPro-Republican political nonprofitRepublican$48.0M

KochKansas-based industrial conglomerateRepublican$46.8M

Economic Opportunity FundDemocratic-aligned nonprofitDemocrat$41.5M

Christine & Stephen SchwarzmanBlackstone CEO and wifeRepublican$41.3M

Reid Hoffman & Michelle YeeLinkedIn co-founder and wifeDemocrat$41.2M

DraftKingsGambling companySpecial Interest$40.4M

Foris DaxCryptocurrency companyRepublican$39.0M

Stephen MandelHedge fund managerDemocrat$35.1M

Stand Together Chamber of CommerceKoch-linked, Republican-aligned nonprofitRepublican$34.5M

Diane HendricksBillionaire businesswomanRepublican$32.7M

Opportunity Action FundDemocratic-aligned nonprofitDemocrat$32.6M

Ken GriffinHedge fund managerRepublican$32.6M

League of Conservation VotersEnvironmental advocacy nonprofitDemocrat$32.1M

Public First ActionAI nonprofitSpecial Interest$30.3M

AIPACPro-Israel nonprofitSpecial Interest$30.0M

Securing American GreatnessPro-Trump political nonprofitRepublican$29.5M

Democracy MattersDemocratic-aligned nonprofitDemocrat$29.1M

FanDuelGambling companySpecial Interest$29.0M

Democratic Governors AssociationDemocratic political organizationDemocrat$28.6M

Marlene & Joe RickettsBillionaire businessman and philanthropistRepublican$28.0M

American Opportunity ActionDemocratic-aligned nonprofitDemocrat$27.1M

National Association of RealtorsReal estate trade associationSpecial Interest$26.6M

Center ForwardNonprofit supporting centrist DemocratsDemocrat$26.5M

Andrea & Stephen WynnWynn Resorts co-founder and wifeRepublican$25.7M

AB FoundationDemocratic-aligned nonprofitDemocrat$24.3M

Fred EychanerNewsweb Corporation founderDemocrat$24.2M

JB PritzkerIllinois governor and Hyatt Hotels heirDemocrat$23.9M

Tim MellonBusinessman and heir to the Mellon fortuneRepublican$23.1M

Sixteen Thirty FundProgressive advocacy nonprofitDemocrat$21.7M

Chris Larsen & Lyna LamRipple co-founder and philanthropistDemocrat$21.5M

Deborah SimonSimon Property Group heiress and philanthropistDemocrat$20.8M

J. Christopher & M. Jude ReyesReyes Holdings co-foundersRepublican$20.3M

United FuturesDemocratic-aligned nonprofitDemocrat$19.7M

Under federal election rules, individuals can donate up to $3,500 per election directly to a federal candidate during the 2025–2026 cycle.

However, super political action committees, commonly known as super PACs, can accept unlimited contributions from eligible individuals, corporations, and organizations.

These groups can independently spend large sums to support or oppose candidates, although they are prohibited from coordinating that spending with candidates’ campaigns.

Musk has contributed approximately $446 million to Republican-aligned political organizations, accounting for 16.1% of all contributions from the top 50 donors and donor groups.

To put this figure into perspective, Musk contributed nearly three times as much as Elizabeth and Richard Uihlein, the billionaire founders of shipping supplies company Uline, who rank second with $150 million. His total also exceeds the combined $393 million contributed by the next three entries on the list.

Since the beginning of July 2026 alone, Musk has contributed at least $355 million to his super PAC and other Republican-aligned groups. Much of his financial support has been directed toward organizations seeking to maintain Republican control of Congress.

Image courtesy of Al Jazeera

Other major Republican contributors include Jeff and Janine Yass, who contributed $110 million. Venture capitalists Ben Horowitz and Marc Andreessen also rank among the ten largest donors, contributing $92.2 million.

The concentration of funding extends beyond Musk. The ten largest donor entries contributed approximately $1.38 billion combined, representing nearly half of all contributions from the top 50.

Republican-Aligned Donors Hold a Two-to-One Advantage

Among the 50 largest donor entries, Republican-aligned contributors account for approximately $1.67 billion, compared with $832 million from Democratic-aligned contributors.

That represents a roughly two-to-one advantage within the ranking. Special-interest and bipartisan contributors account for another $264 million, or approximately 10% of the total.

The gap reflects contributions from the largest donors and organizations, rather than total fundraising across the election cycle. Of the 50 entries, 23 are classified as Republican-aligned, compared with 20 Democratic-aligned entries and seven special-interest contributors.

Image courtesy of Al Jazeera

On the Republican side, One Nation ranks third overall with $133 million, followed by several wealthy individuals and organizations. American Action Network contributed $64.3 million, while American Prosperity Alliance added $50.7 million.

Democratic-aligned contributions are also heavily concentrated among several major donors and organizations. George Soros and Majority Forward each contributed approximately $102 million, while House Majority Forward provided $93.7 million.

Former New York City mayor Mike Bloomberg ranks ninth overall with $84.2 million. LinkedIn co-founder Reid Hoffman and his wife, Michelle Yee, contributed another $41.2 million.

Cryptocurrency, Political Nonprofits, and Special Interests

Beyond traditional political donors, the 2026 election cycle has attracted substantial contributions from cryptocurrency companies, sports betting businesses, and advocacy organizations.

Three major cryptocurrency companies in the ranking contributed a combined $146.4 million. Coinbase leads with $57.8 million, followed by Ripple at $49.6 million and Foris Dax, the company behind Crypto.com, at $39 million.

These companies do not all fall under the same political classification. Coinbase and Ripple are categorized as special-interest contributors, while Foris Dax is classified as Republican-aligned.

Sports betting companies also feature prominently. DraftKings contributed $40.4 million, while FanDuel added $29 million, bringing their combined contributions to $69.4 million.

Other special-interest contributors include AIPAC, the pro-Israel advocacy organization, with $30 million, and the National Association of Realtors, with $26.6 million.

Political nonprofits also account for some of the largest contributions in the ranking. One Nation and American Action Network are aligned with Republican Senate and House leadership, respectively, while Majority Forward and House Majority Forward are linked to their Democratic counterparts.

Unlike super PACs, which must disclose their contributors to the Federal Election Commission, certain nonprofit organizations are not generally required to publicly identify their own donors.

This makes it harder to trace some political funding back to its original source, a practice commonly associated with so-called dark money.

As a result, while the ranking reveals some of the largest financial forces shaping the 2026 midterms, it does not provide a complete picture of who ultimately funds American elections.

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