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| Midterm big spenders: the top 20 political donors this election | Midterm big spenders: the top 20 political donors this election |
| (25 days later) | |
| The 2018 midterms will probably be the most expensive in US history. More than $5.2bn is predicted to be funneled into closely watched races – and an extraordinary amount is coming from just a few individuals. | The 2018 midterms will probably be the most expensive in US history. More than $5.2bn is predicted to be funneled into closely watched races – and an extraordinary amount is coming from just a few individuals. |
| Political spending has leapt by 35% since the 2014 midterms, according to the Center for Responsive Politics (CRP). The center has found that individual political donations account for the majority of campaign cash across the board: they comprise about 71% of donations to Senate races for both Republicans and Democrats and about 61% of donations to House candidates. | Political spending has leapt by 35% since the 2014 midterms, according to the Center for Responsive Politics (CRP). The center has found that individual political donations account for the majority of campaign cash across the board: they comprise about 71% of donations to Senate races for both Republicans and Democrats and about 61% of donations to House candidates. |
| While political donations can come in all shapes and sizes – from large to small – it’s the big-ticket players who have an outsized influence in shaping elections and, in turn, public policy. | While political donations can come in all shapes and sizes – from large to small – it’s the big-ticket players who have an outsized influence in shaping elections and, in turn, public policy. |
| “Donors get their phone calls answered, is one way of thinking about it,” says Ian Vandewalker, a senior counsel at the Brennan Center for Justice. “We like to think of our democracy as being one person, one vote – the majority rules. But just being rich and being able to write million-dollar checks gets you influence over elected officials that’s far greater than the average person.” | “Donors get their phone calls answered, is one way of thinking about it,” says Ian Vandewalker, a senior counsel at the Brennan Center for Justice. “We like to think of our democracy as being one person, one vote – the majority rules. But just being rich and being able to write million-dollar checks gets you influence over elected officials that’s far greater than the average person.” |
| So who are the biggest givers? | So who are the biggest givers? |
| “Overwhelmingly, the cast of characters is a familiar one going back years and in some cases, decades,” says Sheila Krumholz, the executive director of the CRP, of the 2018 midterms. This includes figures such as the Las Vegas casino magnate Sheldon Adelson and the progressive mega-donor George Soros – but many names may be unfamiliar to the average voter. | “Overwhelmingly, the cast of characters is a familiar one going back years and in some cases, decades,” says Sheila Krumholz, the executive director of the CRP, of the 2018 midterms. This includes figures such as the Las Vegas casino magnate Sheldon Adelson and the progressive mega-donor George Soros – but many names may be unfamiliar to the average voter. |
| The following individuals have given millions on the record, but many of them have also probably given an unknown amount of “dark money” to organizations that can avoid disclosure due to a complex regulatory situation and murky definitions of “political” activity. As of 1 November, five days before the election, here are the top 20 spenders, and what we know about where their money went: | The following individuals have given millions on the record, but many of them have also probably given an unknown amount of “dark money” to organizations that can avoid disclosure due to a complex regulatory situation and murky definitions of “political” activity. As of 1 November, five days before the election, here are the top 20 spenders, and what we know about where their money went: |
| 1. Sheldon and Miriam Adelson, $113m | 1. Sheldon and Miriam Adelson, $113m |
| Net worth: $31bnPolitics: Conservative Bio in brief: Sheldon Adelson is the head of an international casino empire, the Las Vegas Sands, and owner of the Las Vegas Review-Journal newspaper. He was the largest individual donor to the 2016 Trump campaign and to Trump’s inauguration fund.Midterms behavior: The largest recipients of Adelson’s donations are the Congressional Leadership Fund and the Senate Leadership Fund, both Super Pacs dedicated to electing Republicans. He gave $25m to each. | Net worth: $31bnPolitics: Conservative Bio in brief: Sheldon Adelson is the head of an international casino empire, the Las Vegas Sands, and owner of the Las Vegas Review-Journal newspaper. He was the largest individual donor to the 2016 Trump campaign and to Trump’s inauguration fund.Midterms behavior: The largest recipients of Adelson’s donations are the Congressional Leadership Fund and the Senate Leadership Fund, both Super Pacs dedicated to electing Republicans. He gave $25m to each. |
| 2. Thomas Steyer and Kathryn Taylor, $50.7m | 2. Thomas Steyer and Kathryn Taylor, $50.7m |
| Net worth: 1.6bnPolitics: Liberal Bio in brief: Steyer, a former hedge fund manager, has focused on political and environmental activism since he retired in 2012. Heavily involved in Democratic activism and fundraising for decades, he’s been called the progressive’s answer to the Koch brothers.Midterms behavior: The largest single recipient of Steyer’s donations is his own Pac, NextGen Climate Action, which supports candidates and causes that work to combat climate change. He has given it about $41m so far. | Net worth: 1.6bnPolitics: Liberal Bio in brief: Steyer, a former hedge fund manager, has focused on political and environmental activism since he retired in 2012. Heavily involved in Democratic activism and fundraising for decades, he’s been called the progressive’s answer to the Koch brothers.Midterms behavior: The largest single recipient of Steyer’s donations is his own Pac, NextGen Climate Action, which supports candidates and causes that work to combat climate change. He has given it about $41m so far. |
| 3. Richard and Elizabeth Uihlein, $39m | 3. Richard and Elizabeth Uihlein, $39m |
| Net worth: UnknownPolitics: Conservative Bio in brief: Founders of a successful shipping supply company, Uline, the Uihleins are “the most powerful conservative couple you’ve never heard of”, according to the New York Times. The Uihleins have been supporting conservative causes for years but have only recently received national attention.Midterms behavior: They’ve given at least $6.7m to the Club for Growth Action, a Super Pac dedicated to supporting anti-big government and “pro-growth” candidates, and at least $8m to Restoration Pac, a Super Pac with a wide range of politically conservative stances. They also give heavily to candidates and causes in their home state of Wisconsin. | Net worth: UnknownPolitics: Conservative Bio in brief: Founders of a successful shipping supply company, Uline, the Uihleins are “the most powerful conservative couple you’ve never heard of”, according to the New York Times. The Uihleins have been supporting conservative causes for years but have only recently received national attention.Midterms behavior: They’ve given at least $6.7m to the Club for Growth Action, a Super Pac dedicated to supporting anti-big government and “pro-growth” candidates, and at least $8m to Restoration Pac, a Super Pac with a wide range of politically conservative stances. They also give heavily to candidates and causes in their home state of Wisconsin. |
| What billionaires want: the secret influence of America’s 100 richest | |
| 4. Michael Bloomberg, $38m | 4. Michael Bloomberg, $38m |
| Net worth: $46.1bnPolitics: LiberalBio in brief: Michael Bloomberg is a billionaire businessman and the former mayor of New York City. Despite being a lifelong Democrat, Bloomberg ran for mayor as a Republican in 2001 and then left the Republican party in 2007. He is often seen as a fiscally conservative, socially liberal centrist.Midterms behavior: He has given at least $20m this cycle to Senate Majority Pac, which supports putting Democrats in the Senate, and more than $7m to his own Super Pac, Independence USA Pac, which focuses on gun laws, the environment and education policy. | Net worth: $46.1bnPolitics: LiberalBio in brief: Michael Bloomberg is a billionaire businessman and the former mayor of New York City. Despite being a lifelong Democrat, Bloomberg ran for mayor as a Republican in 2001 and then left the Republican party in 2007. He is often seen as a fiscally conservative, socially liberal centrist.Midterms behavior: He has given at least $20m this cycle to Senate Majority Pac, which supports putting Democrats in the Senate, and more than $7m to his own Super Pac, Independence USA Pac, which focuses on gun laws, the environment and education policy. |
| 5. Donald Sussman, $22.8m | 5. Donald Sussman, $22.8m |
| Net worth: UnknownPolitics: Liberal Bio in brief: Sussman’s hedge fund, Paloma Partners, was the top contributor to Hillary Clinton’s campaign with $21.6m, and he has given millions more to Democratic candidates and causes over the last few decades.Midterms behavior: Sussman has made major donations to Senate Majority Pac, House Majority Pac and Priorities USA Action – all Super Pacs supporting Democratic candidates and causes. | Net worth: UnknownPolitics: Liberal Bio in brief: Sussman’s hedge fund, Paloma Partners, was the top contributor to Hillary Clinton’s campaign with $21.6m, and he has given millions more to Democratic candidates and causes over the last few decades.Midterms behavior: Sussman has made major donations to Senate Majority Pac, House Majority Pac and Priorities USA Action – all Super Pacs supporting Democratic candidates and causes. |
| 6. James Simons, $18.9m | 6. James Simons, $18.9m |
| Net worth: $20bnPolitics: LiberalBio in brief: “Jim” Simons is yet another hedge fund billionaire, and a former mathematician. He founded Renaissance Technologies, from which he retired in 2010. He has been a major Democratic donor for about the last two decades. Midterms behavior: This cycle, some of Simons’ biggest donations have gone to the Senate Majority Pac and the House Majority Pac. | Net worth: $20bnPolitics: LiberalBio in brief: “Jim” Simons is yet another hedge fund billionaire, and a former mathematician. He founded Renaissance Technologies, from which he retired in 2010. He has been a major Democratic donor for about the last two decades. Midterms behavior: This cycle, some of Simons’ biggest donations have gone to the Senate Majority Pac and the House Majority Pac. |
| 7. George Soros, $17m | 7. George Soros, $17m |
| Net worth: $8.3bnPolitics: Liberal Bio in brief: George Soros, one of the most well-known names in the world of Democratic political funders, is an investor and hedge fund manager originally from Hungary. He donates to various causes through his foundation, the Open Society Foundation. He has been demonized by Donald Trump and his supporters.Midterms behavior: Soros has given millions this cycle to Win Justice Pac, a Super Pac started by a coalition of progressive groups: Planned Parenthood Votes, Center for Community Change Action, Color of Chance PAC and the Service Employees International Union (SEIU). He has given large amounts to Priorities USA Action and Senate Majority PAC. | Net worth: $8.3bnPolitics: Liberal Bio in brief: George Soros, one of the most well-known names in the world of Democratic political funders, is an investor and hedge fund manager originally from Hungary. He donates to various causes through his foundation, the Open Society Foundation. He has been demonized by Donald Trump and his supporters.Midterms behavior: Soros has given millions this cycle to Win Justice Pac, a Super Pac started by a coalition of progressive groups: Planned Parenthood Votes, Center for Community Change Action, Color of Chance PAC and the Service Employees International Union (SEIU). He has given large amounts to Priorities USA Action and Senate Majority PAC. |
| Being able to write million-dollar checks gets you influence over elected officials | Being able to write million-dollar checks gets you influence over elected officials |
| 8. Stephen and Christine Schwarzman, $12.8m | 8. Stephen and Christine Schwarzman, $12.8m |
| Net worth: $13bnPolitics: Conservative Bio in brief: Stephen Schwarzman is the founder and CEO of Blackstone Group, an investment company. He is closely connected to the Trump administration, and has been a supporter of conservative causes for about the last decade.Midterms behavior: Schwarzman has given $8m to the Senate Leadership Fund, a Republican Super Pac aimed at maintaining the Republican majority in the Senate. | Net worth: $13bnPolitics: Conservative Bio in brief: Stephen Schwarzman is the founder and CEO of Blackstone Group, an investment company. He is closely connected to the Trump administration, and has been a supporter of conservative causes for about the last decade.Midterms behavior: Schwarzman has given $8m to the Senate Leadership Fund, a Republican Super Pac aimed at maintaining the Republican majority in the Senate. |
| 9. Fred Eychaner, $12m | 9. Fred Eychaner, $12m |
| Net worth: Unknown, but estimated to be at least $500m.Politics: LiberalBio in brief: Fred Eychaner is a Chicago media entrepreneur and chairman of Newsweb, a company that owns several newspapers and radio stations. He avoids the spotlight more than many big donors, but has been a prominent Democratic funder for about the past decade.Midterms behavior: This cycle, he has given millions to the Senate Majority Pac and House Majority Pac. | Net worth: Unknown, but estimated to be at least $500m.Politics: LiberalBio in brief: Fred Eychaner is a Chicago media entrepreneur and chairman of Newsweb, a company that owns several newspapers and radio stations. He avoids the spotlight more than many big donors, but has been a prominent Democratic funder for about the past decade.Midterms behavior: This cycle, he has given millions to the Senate Majority Pac and House Majority Pac. |
| 10. Kenneth Griffin, $11m | 10. Kenneth Griffin, $11m |
| Net worth: About $9.9bnPolitics: ConservativeBio in brief: Kenneth Griffin is the founder and CEO of Citadel, a hedge fund in Chicago. He is active in art philanthropy and is an avid collector, and has been supporting Republican candidates and causes for about the last decade.Midterm behavior: This cycle, he has given at least $2.5m to the Congressional Leadership Fund. | Net worth: About $9.9bnPolitics: ConservativeBio in brief: Kenneth Griffin is the founder and CEO of Citadel, a hedge fund in Chicago. He is active in art philanthropy and is an avid collector, and has been supporting Republican candidates and causes for about the last decade.Midterm behavior: This cycle, he has given at least $2.5m to the Congressional Leadership Fund. |
| 11. Jeff and MacKenzie Bezos, $10.1m | 11. Jeff and MacKenzie Bezos, $10.1m |
| Net worth: $134bnPolitics: Non-partisan Bio in brief: The Amazon CEO has been designated the “richest person in modern history” by Forbes. Despite his high profile and his enormous wealth, Bezos had not participated heavily in politics before the 2018 midterms. Bezos’s ownership of the Washington Post has made him a frequent target of Trump. Midterms behavior: Almost all of Bezos’s contributions this cycle went to a non-partisan Pac called the With Honor Fund, which is dedicated to getting veterans elected and working towards a “less polarized government”. He also gave $5,400 to his senator, Maria Cantwell, a Democrat from Washington state. His wife, MacKenzie Bezos, has a longer history of small donations to candidates and Pacs. | Net worth: $134bnPolitics: Non-partisan Bio in brief: The Amazon CEO has been designated the “richest person in modern history” by Forbes. Despite his high profile and his enormous wealth, Bezos had not participated heavily in politics before the 2018 midterms. Bezos’s ownership of the Washington Post has made him a frequent target of Trump. Midterms behavior: Almost all of Bezos’s contributions this cycle went to a non-partisan Pac called the With Honor Fund, which is dedicated to getting veterans elected and working towards a “less polarized government”. He also gave $5,400 to his senator, Maria Cantwell, a Democrat from Washington state. His wife, MacKenzie Bezos, has a longer history of small donations to candidates and Pacs. |
| 12. Timothy Mellon, $10m | 12. Timothy Mellon, $10m |
| Net worth: About $1bnPolitics: Conservative Bio in brief: Timothy Mellon is the grandson of Andrew Mellon, an entrepreneur at the turn of the 20th century and member of the renowned Mellon family, associated with Carnegie Mellon University in Pittsburgh. Timothy avoids the public eye and runs a transportation company based in New Hampshire.Midterms behavior: Almost all of his contributions in the midterms – $10m – are to the conservative Congressional Leadership Fund Pac, but he has also given several small donations to Republican candidates, and one puzzling donation of $2,700 to Alexandria Ocasio-Cortez, the surprise 29-year-old Democratic congressional candidate from the Bronx. | Net worth: About $1bnPolitics: Conservative Bio in brief: Timothy Mellon is the grandson of Andrew Mellon, an entrepreneur at the turn of the 20th century and member of the renowned Mellon family, associated with Carnegie Mellon University in Pittsburgh. Timothy avoids the public eye and runs a transportation company based in New Hampshire.Midterms behavior: Almost all of his contributions in the midterms – $10m – are to the conservative Congressional Leadership Fund Pac, but he has also given several small donations to Republican candidates, and one puzzling donation of $2,700 to Alexandria Ocasio-Cortez, the surprise 29-year-old Democratic congressional candidate from the Bronx. |
| 13. Deborah Simon, $8.9m | 13. Deborah Simon, $8.9m |
| Net worth: Exact net worth is unknown, but Forbes estimated the entire Simon family’s wealth at $7.7bn in 2015Politics: Liberal Bio in brief: Deborah Simon is an heir to a shopping mall fortune made by her father, Melvin Simon, who is deceased. She lives in Indiana and has spent most of her career working at the family company, Simon Property Group. She is known locally for her involvement in progressive politics.Midterms behavior: Some of her largest donations this cycle have gone to the liberal Senate Majority Pac and House Majority Pac funds, and Planned Parenthood Votes. | Net worth: Exact net worth is unknown, but Forbes estimated the entire Simon family’s wealth at $7.7bn in 2015Politics: Liberal Bio in brief: Deborah Simon is an heir to a shopping mall fortune made by her father, Melvin Simon, who is deceased. She lives in Indiana and has spent most of her career working at the family company, Simon Property Group. She is known locally for her involvement in progressive politics.Midterms behavior: Some of her largest donations this cycle have gone to the liberal Senate Majority Pac and House Majority Pac funds, and Planned Parenthood Votes. |
| 14. Reid Hoffman, $8.1m | 14. Reid Hoffman, $8.1m |
| Net worth: About $1.8bnPolitics: LiberalBio in brief: Reid Hoffman is best known as the co-founder of LinkedIn, which he helped start after being an executive at PayPal in its early days. He has been one of the more politically active and outspoken members of Silicon Valley’s tech community.Midterms behavior: His largest donations this cycle have gone to the Senate Majority Pac and House Majority Pac, about $5m combined. He has also given $1m to Forward Majority Action Pac, a fund dedicated to helping Democrats gain majorities in state legislatures. He also gave $10,000 to the Republican party of Massachusetts, and several donations to candidates. | Net worth: About $1.8bnPolitics: LiberalBio in brief: Reid Hoffman is best known as the co-founder of LinkedIn, which he helped start after being an executive at PayPal in its early days. He has been one of the more politically active and outspoken members of Silicon Valley’s tech community.Midterms behavior: His largest donations this cycle have gone to the Senate Majority Pac and House Majority Pac, about $5m combined. He has also given $1m to Forward Majority Action Pac, a fund dedicated to helping Democrats gain majorities in state legislatures. He also gave $10,000 to the Republican party of Massachusetts, and several donations to candidates. |
| Why are so few US politicians from the working class? | |
| 15. George and Judith Marcus, $8.1m | 15. George and Judith Marcus, $8.1m |
| Net worth: $1.4bnPolitics: LiberalBio in brief: George Marcus co-founded a San Francisco-based real estate firm. Despite having been a significant Democratic donor for decades, he has kept a relatively low profile.Midterms behavior: For the midterms cycle, the bulk of his giving – at least $6.5m – has gone to the Senate Majority Pac and House Majority Pac, along with several small donations to candidates from him and his wife. | Net worth: $1.4bnPolitics: LiberalBio in brief: George Marcus co-founded a San Francisco-based real estate firm. Despite having been a significant Democratic donor for decades, he has kept a relatively low profile.Midterms behavior: For the midterms cycle, the bulk of his giving – at least $6.5m – has gone to the Senate Majority Pac and House Majority Pac, along with several small donations to candidates from him and his wife. |
| 16. Bernard and Billi Wilma Marcus, $7.9m | 16. Bernard and Billi Wilma Marcus, $7.9m |
| Net worth: $5.1bnPolitics: Conservative Bio in brief: Bernard Marcus is the co-founder and former CEO of Home Depot. Retired since 2002, he has been an active philanthropist, donating millions to scientific and medical research. He and his wife were major donors to Trump’s election efforts with $7m.Midterms behavior: The couple has given $4m to the conservative Senate Leadership Fund Pac this cycle, along with several other significant donations to Republican Pacs, candidate and party committees. | Net worth: $5.1bnPolitics: Conservative Bio in brief: Bernard Marcus is the co-founder and former CEO of Home Depot. Retired since 2002, he has been an active philanthropist, donating millions to scientific and medical research. He and his wife were major donors to Trump’s election efforts with $7m.Midterms behavior: The couple has given $4m to the conservative Senate Leadership Fund Pac this cycle, along with several other significant donations to Republican Pacs, candidate and party committees. |
| 17. Charles and Helen Schwab, $7.2m | 17. Charles and Helen Schwab, $7.2m |
| Net worth: $8.8bnPolitics: Conservative Bio in brief: Charles Schwab is a financier and highly recognized figure, due to the investment brokerage he founded with his name. He retired as CEO of the company in 2008.Midterms behavior: Schwab’s giving this cycle is made up of several (relatively) small periodic contributions to Republican party committees and Pacs, and donations to Republican candidates. | Net worth: $8.8bnPolitics: Conservative Bio in brief: Charles Schwab is a financier and highly recognized figure, due to the investment brokerage he founded with his name. He retired as CEO of the company in 2008.Midterms behavior: Schwab’s giving this cycle is made up of several (relatively) small periodic contributions to Republican party committees and Pacs, and donations to Republican candidates. |
| 18. Karla Jurvetson, $7m | 18. Karla Jurvetson, $7m |
| Net worth: $8.8bnPolitics: Liberal Bio in brief: Karla Jurvetson is a psychiatrist in Silicon Valley, and the wife of Steve Jurvetson, a well-known venture capitalist.Midterms behavior: Karla’s largest donation, of $5.4m, went to Women Vote!, a Super Pac run by the organization Emily’s List, dedicated to electing pro-choice female candidates. | Net worth: $8.8bnPolitics: Liberal Bio in brief: Karla Jurvetson is a psychiatrist in Silicon Valley, and the wife of Steve Jurvetson, a well-known venture capitalist.Midterms behavior: Karla’s largest donation, of $5.4m, went to Women Vote!, a Super Pac run by the organization Emily’s List, dedicated to electing pro-choice female candidates. |
| Is America an oligarchy dominated by billionaires? | |
| 19. Paul Skjodt and Cynthia Simon Skjodt, $6.6m | 19. Paul Skjodt and Cynthia Simon Skjodt, $6.6m |
| Net worth: Exact net worth is unknown, but Forbes estimated the entire Simon family’s wealth at $7.7bn in 2015Politics: LiberalBio in brief: Cynthia Simon Skjodt is the sister of Deborah Simon, and also an heir to the family’s shopping mall fortune, created by their father, Melvin. She has been an active philanthropist in Indiana, and serves on several boards.Midterms behavior: Her and her husband’s largest donations this cycle are to the House Majority Pac and Senate Majority Pac, with several smaller donations to Democratic party committees and candidates. | Net worth: Exact net worth is unknown, but Forbes estimated the entire Simon family’s wealth at $7.7bn in 2015Politics: LiberalBio in brief: Cynthia Simon Skjodt is the sister of Deborah Simon, and also an heir to the family’s shopping mall fortune, created by their father, Melvin. She has been an active philanthropist in Indiana, and serves on several boards.Midterms behavior: Her and her husband’s largest donations this cycle are to the House Majority Pac and Senate Majority Pac, with several smaller donations to Democratic party committees and candidates. |
| 20. Ronald and Nina Cameron, $6.5m | 20. Ronald and Nina Cameron, $6.5m |
| Net worth: UnknownPolitics: Conservative Bio in brief: Ronald Cameron lives in Arkansas and owns and runs the seventh-largest poultry company in the country, Mountaire Farms, which was founded by his grandfather. Midterms behavior: In the 2014 midterm cycle, Mountaire was the largest corporate donor to the Koch brothers’ Super Pac, Freedom Partners Action Fund, and he was a big supporter of Mike Huckabee in the 2016 primaries. This cycle, he and his wife have given heavily – at least $3m – to another Koch brothers Pac, Americans for Prosperity Action. They also gave $1m to the conservative Congressional Leadership Fund. | Net worth: UnknownPolitics: Conservative Bio in brief: Ronald Cameron lives in Arkansas and owns and runs the seventh-largest poultry company in the country, Mountaire Farms, which was founded by his grandfather. Midterms behavior: In the 2014 midterm cycle, Mountaire was the largest corporate donor to the Koch brothers’ Super Pac, Freedom Partners Action Fund, and he was a big supporter of Mike Huckabee in the 2016 primaries. This cycle, he and his wife have given heavily – at least $3m – to another Koch brothers Pac, Americans for Prosperity Action. They also gave $1m to the conservative Congressional Leadership Fund. |
| Illustrations by Stefano Marra | Illustrations by Stefano Marra |
| • This article was amended on 7 November 2018 to remove a reference to Anne Griffin, who was not involved in her ex-husband Kenneth Griffin’s donations in the midterm elections. | • This article was amended on 7 November 2018 to remove a reference to Anne Griffin, who was not involved in her ex-husband Kenneth Griffin’s donations in the midterm elections. |