which political side do the wealthiest people in america donate to

Do the richest Americans donate to Republicans or Democrats?

Charles Schwab provides an interesting contrast with Goldman in that the discount broker spends almost 70% of its political donations on Democrats. Microsoft and Apple also crack the top ten, but both companies clearly favor Democrats a lot more than Republicans, pumping 80% and 88%, respectively, of their political money into candidates on the left.

How do the richest families donate to politics?

Of the 50 richest families, 28 mainly donate to Republicans and only seven contribute mainly to Democrats. Not all families stay on the same side of the political spectrum — 15 support ...

Who are the top political donors in the US?

Honestly, it is probably Republicans. When it comes down to it, the richest families in America tend to donate to Republican candidates. Forbes reported out of the 50 richest families in the United States, 28 donate to Republican candidates. Another seven donate to Democrats. Additionally, 15 of the richest families in the U.S. donate to both parties.

What are the political affiliations of America’s 50 Richest Families?

Nov 13, 2019 · Thomson Reuters. Sheldon and Miriam Adelson gave more money to political candidates than any other Americans in 2018. They donated over $123 million to Republicans, according to The Center for ...

Where do most of the billionaires live in the United States?

As of March 2021, California was the U.S. state with most billionaires, with 189 billionaires calling the sate home. New York was second, with 126 resident billionaires which was a larger jump over third-placed Florida, with 70.Jan 20, 2022

How many billionaires control the world?

About 2,750 billionaires control 3.5% of the world's wealth, the Paris-based Global Inequality Lab said in a report Tuesday. That's up from 1% in 1995, with the fastest gains coming since the pandemic hit, the group said. The poorest half of the planet's population owns about 2% of its riches.Dec 6, 2021

Which politician is a billionaire?

Other U.S. politiciansNamePartyNet worthBill HaslamRepublican$2 billionMark DaytonDemocratic$1.6 billionBetsy DeVosRepublican$1.25 billionJim JusticeRepublican (before 2015, 2017–present) Democratic (2015–2017)$1.2 billion22 more rows

How much wealth do billionaires have in the US?

Estimates put the total wealth of America's billionaires at $5 trillion, while the federal government spent nearly $7 trillion in the fiscal 2021, which ended Sept. 30.Nov 2, 2021

Who owns most of the world's wealth?

Jeff Bezos, the world's richest man. The world's total net wealth has hit $431 trillion, nearly half a quadrillion dollars, and over a quarter of it is controlled by millionaires.Jun 10, 2021

What is the richest country in the world?

List of richest countries in the world 2022: China has surpassed the United States as the richest country in the world....List of richest countries in the world 2022.RankCountryNet Worth1.China$113 trillion2.United States$50 trillion3.Germany$14 trillion4.France$14 trillion6 more rows•Jan 3, 2022

Is Adam Sandler the richest actor?

Net Worth: $420 million Today, Adam Sandler's net worth is $420 million, making him one of the richest actors and film producers in Hollywood. What is this?Feb 26, 2022

How much is Donald Trump worth?

2.5 billion USD (2022)Donald Trump / Net worth

Who is the richest person in the world 2021?

According to Forbes, Tesla executive Musk is the richest man in the world through 2021 with $268 billion, while Amazon executive Bezos came in second at $188 billion. Bill Gates, Mark Zuckerberg and Warren Buffett were also on the list.Jan 18, 2022

Who is the wealthiest Black person in America?

Oprah Winfrey, $2.7 billion.Aliko Dangote, $2.5 billion.Mo Ibrahim, $2 billion.Femi Otedola, $1.6 billion.Patrice Motsepe, $1.3 billion.

Is there any trillionaires in the world?

A trillionaire is an individual with a net worth equal to at least one trillion in U.S. dollars or a similarly valued currency, such as the euro or the British pound. Currently, no one has yet claimed trillionaire status, although some of the world's richest individuals may only be a few years away from this milestone.

Who is getting rich from Covid vaccine?

The 9 new vaccine billionaires, in order of their net worth are: Stéphane Bancel, Moderna's CEO (worth $4.3 billion) Ugur Sahin, CEO and co-founder of BioNTech (worth $4 billion) Timothy Springer, an immunologist and founding investor of Moderna (worth $2.2bn)May 20, 2021

How much is Walton worth?

The Walton family fortune is estimated to be about $130 billion. Koch – Republican — Businessmen, owners of Koch Industries, a manufacturing company. Koch brothers have a net worth of about $41 billion each ($82 billion together). Mars – Republican — Own the Mars candy company.

How much is the Cox family worth?

The family, as a whole, is worth about $49 billion. Cox – Democrat — The Cox family owns a number of auto consumer sites and services (Kelley Blue Book, AutoTrader.com, etc.). They have an estimated net worth of $41 billion.

Who is Alice Walton?

Alice Walton, the daughter of Walmart’s founder, hasn’t strayed from that too much. That is, until the 2008 election. In 2008 and 2016 the Walton family donated to Hilary Clinton’s campaign. She isn’t the only person from a wealthy family to change tradition where politics are concerned either.

Who owns Mars candy?

Mars – Republican — Own the Mars candy company. The three children of founder Forrest Mars are worth about $78 billion together. Cargill-MacMillan – Republican — The Cargill-MacMillan family owns 90 percent of the largest privately-owned corporation in the U.S. The family, as a whole, is worth about $49 billion.

How much is Jeff Bezos worth?

Net worth: $107.4 billion, $33.9 billion. Amazon CEO Jeff Bezos and novelist MacKenzie Bezos made 60% of their donations to Republicans and 40% of their donations to Democrats, according to The Center for Responsive Politics . The pair finalized their divorce in July 2019, Business Insider previously reported.

How much money did Bloomberg spend on the 2020 election?

Michael Bloomberg, 77, is the founder and CEO of financial media company Bloomberg LP. Bloomberg will spend $500 million on the 2020 election in hopes of defeating Trump, Politico reported in February. On November 7, The New York Times reported that he was actively preparing to enter the Democratic primary. 1.

Who is Jeffrey Yass?

Jeffrey Yass is a cofounder of trading firm Susquehanna International Group, according to the company's website. The couple also donated $250 to liberals in addition to their support of conservatives, according to the Center for Responsive Politics . 20.

Who owns LinkedIn?

Hoffman founded Linkedin in 2003. Hoffman sold LinkedIn for $26.2 billion to Microsoft in 2016 and now sits on Microsoft's board, according to Forbes. Hoffman gave $8,317,326 to Democrats and $433,500 to Republicans in 2018, according to the Center for Responsive Politics . 15.

Who is the CEO of Las Vegas Sands?

Las Vegas Sands CEO Sheldon Adelson and his wife Miriam Adelson gave more money to political candidates than any other Americans in 2018. Sheldon and Miriam Adelson gave more money to political candidates than any other Americans in 2018.

Who is the founder of Elliott Management?

Singer is the founder of investment firm Elliott Management, according to his biography on the firm's website, but he is better known for his advocacy for conservative causes, Forbes reports. Once a major critic of President Trump, Singer has since met with him at the White House.

Who is Robert Mercer?

Robert Mercer, 73, is the former co-CEO of Renaissance Technologies, a hedge fund valued at $50 million in 2017, according to The New York Times. Mercer left the hedge fund in 2017 after clients, including the retirement fund for Baltimore's police and firefighters, withdrew their investments from Renaissance over concern about Mercer's political donations and involvement with Breitbart, The Times reported.

Who is the richest man in private equity?

The richest man in private equity, Schwarzman put $35 million into a super-PAC called the Senate Leadership Fund supporting Republican senators. He also gave $2 million to a group supporting one particular Republican senator, Susan Collins of Maine.

How much money did Michael Bloomberg spend on his campaign?

The former New York City mayor spent more of his own money running for president than anyone in history. But even if you don’t count the billion-plus dollars that went to his own campaign, Bloomberg still would have donated more than all but two billionaires to the 2020 election. Bloomberg poured about $150 million into other Democratic campaigns and causes, including $67 million that went into his own super-PAC, which spent more than three quarters of its funds supporting Joe Biden.

Who is the youngest megadonor?

At 36, Facebook cofounder Moskovitz is the youngest megadonor on this list. He and his wife, Cari Tuna, spent $25 million in 2016, then doubled down with a $47 million donation to a pro-Biden super-PAC in 2020, helping fuel an advertising blitz in the final months of the campaign.

How much money did Marcus Marcus donate to the SuperPAC?

The Georgia megadonor donated $10 million to a super-PAC that ran a slew of anti-Biden ads in the run-up to the election, and put $5.8 million toward a super-PAC focused on GOP Senate races. Marcus’ cofounder from Home Depot, Arthur Blank, supported Biden in 2020, but Marcus spent more than 30 times as much on Trump as Blank did on Biden.

Is Simons a Democrat?

A math professor who started his own hedge fund, Simons has long been a Democratic kingmaker. For years, he has reaped huge returns through his quant firm, Renaissance Technologies—also the source of wealth for Republican donor Robert Mercer and Democratic supporter Henry Laufer (No. 18).

How much did Hoffman spend on LinkedIn?

He spent $4.5 million to team up with a group of media firms and the Lincoln Project to produce digital ads criticizing Trump.

Who is Ricketts' wife?

Ricketts, who founded a stock brokerage firm that grew into TD Ameritrade, and his wife, Marlene, spent millions supporting Trump and GOP senators ahead of the 2020 election. They also bankrolled a super-PAC called Citizens for Free Enterprise with $7.8 million in contributions.

How much is the Forbes 400 worth?

Collectively, the magazine reports, the 400 are worth a record total of approximately $3.2 trillion— up $240 billion from a year ago.

How much is John Mars worth?

They are: Nos. 20 Jacqueline Mars and John Mars (a tie here, too). Together, these six are worth $312.2 billion, or what would be another 21.9% of the Top 25’s total worth. The remaining 11 people in the Top 25 are all fairly considered liberal or left-of-center.

What is the philanthropy score?

Philanthropy Scores. Forbes gives each Forbes 400 member a “philanthropy score,” on a scale from 1 to 5 , based on their lifetime giving. The magazine changed the methodology by which it calculates giving for the philanthropy score this year.

How much is Leonard Lauder worth?

They are: No. 25 Leonard Lauder. Together, these eight are worth just less than $288.9 billion, approaching 20.3% of the Top 25’s total worth. An additional six in the Top 25 could perhaps be considered conservative.

How much did George Soros spend on Obama?

At $24 billion, liberal magnate George Soros spent $1 million on Obama in 2012 and pledged $25.5 million to defeat George W. Bush in the 2004 presidential election. Though a favorite right-wing bogeyman, Soros' contributions have notably trailed off in recent years, but in 2009 he pledged $35 million to assist low-income children in New York and another cool million in 2010 to promote marijuana legalization. In addition, Soros is a Hillary Clinton booster and a key member of Ready for Hillary, a super PAC organizing for her anticipated presidential campaign in 2016.

How much money did Bloomberg spend on his own?

Today he's worth an estimated $33 billion .

Who are the Koch brothers?

The Koch Brothers. Getty Images. Getty Images. According to West, the Kochs are the most powerful billionaires in the country, and therefore might be the most politically influential non-politicians in America. Libertarians Charles and David Koch run one of the world's largest trading, energy and chemical firms, Koch Industries, ...

How much is Tom Steyer worth?

Tom Steyer is worth just $1.7 billion, a fortune much smaller than others on this list. But he'll be spending about $100 million of it on environmental causes this election season through his NextGen Climate PAC, which bills itself as working to prevent "climate disaster and preserve American prosperity.".

Who brought Fox News?

Rupert Murdoch. The man who brought us Fox News is, unsurprisingly, ready to turn out his pockets for a variety of conservative causes. Between 1990 and 2011, Murdoch (whose net worth was valued at $12.5 billion in 2013) funded federal candidates and political committees to the tune of at least $750,000.

Who is John Arnold?

Former hedge fund advisor John Arnold and his wife Laura are passionate about pension reform — specifically about cutting pension benefits and moving more costs onto public sector employees. He's donated to Democrats and Republicans, but the John and Laura Arnold Foundation has primarily focused on getting states to reform their pension programs, and they've made inroads in states like Illinois, New Jersey, Utah and Rhode Island.

Who is the secretary of commerce for Obama?

As the current U.S. secretary of commerce, Pritzker advises President Obama on making decisions that affect business, labor and the economy. She ran Obama's finance operations in 2008 and raised more than half a million as a bundler in 2012, making her a powerful component of Obama's fundraising system.

Money in US elections is a reactionary force

The conclusion to draw from all this is pretty clear. While America is rapidly growing more diverse, the class of Americans who donate to political elections is dominated by, for lack of a better word, incumbents — people who are wealthier, older, whiter, and more conservative than average voters.

Further reading

Money in politics is a major story in the 2016 campaign. Here are 3 big open questions.