Dozen Megadonors Gave $3.4 Billion, One in Every 13 Dollars, Since 2009
A new study shows the role of the super rich in politics since the Supreme Court loosened restrictions on political spending more than a decade ago.
The single biggest spender on federal campaigns from 2009 to 2020 was Michael R. Bloomberg.Credit.Chang W. Lee/The New York Times
April 20, 2021Updated 12:45 p.m. ET
A dozen megadonors and their spouses contributed a combined $3.4 billion to federal candidates and political groups since 2009, accounting for nearly one out of every 13 dollars raised, according to a new report.
The report, produced by Issue One, a nonpartisan group that seeks to reduce the influence of money in politics, shows the top 12 donors split equally between six Democrats and six Republicans. The list includes multiple Wall Street billionaires and investors, a Facebook co-founder, a shipping magnate and the heir to a family fortune dating back to the Gilded Age.
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This is part 1 of a two part posting that looks at who has funded the Biden run for the presidency starting with an examination of the donors to the Biden Inaugural Committee followed by part 2 which will outline the Americans that backed his campaign. The Biden Inaugural Committee…