Billionaires spent record amounts during 2024 federal election – report

Just 100 extremely wealthy families invested $2.6bn during the election cycle that put Trump back in the White House

Billionaires spent record amounts during the 2024 federal election, according to a new analysis from Americans for Tax Fairness, a coalition of more than 420 national, state and local organizations advocating for economic reforms.

The report's findings show that during the election cycle that put Donald Trump back in the White House and seated Republican majorities in both the House and Senate, just 100 extremely wealthy families invested $2.6bn - an amount more than double what billionaire donors contributed just four years prior.