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The New York Times reported last week about the major influence billionaires in the U.S. have in elections and said in 2024 alone, 300 billionaires and their immediate family members doled out more than $3 billion on elections, which accounts for 19 percent of all donations.
The report said the average billionaire family donated $10 million to campaigns in 2024, which does not account for the donations that are difficult to track that go to “so-called dark-money groups.”
These billionaires and their families see politics as a good investment, ranging from federal office to local campaigns, the report said.
The paper said it is not ancient history where billionaires played a small role in campaign donations, and cited the 2010 Supreme Court ruling, Citizens United v. Federal Election Commission, as the main catalyst.
The paper noted that Sen. Tim Sheehy, R-Mont., benefited from the deep pockets of Stephen Schwarzman, the chairman of the private equity group Blackstone. Sheehy was seen as a viable candidate who could help keep the Senate from turning blue. The paper described Sheehy as a “key ally on tax policies that benefit the wealthy.”
The report said Republicans are by far the preferred candidates for these billionaires, and that for every $1 donated to Democrats and Democrat-aligned groups, $5 is given to Republicans or Republican-aligned groups.
The paper said Republicans tend to appeal to these billionaires because of their general opposition to the estate tax and support of deregulation.
The Times gave a list of billionaires who have been cracking the piggy bank to fund campaigns.
They include Jeff Yass, the co-founder of Susquehanna International Group, who donated over $100 million to federal campaigns in 2024. The paper noted that Yass is also focused on elections inside Pennsylvania and essentially bankrolled Dave Sunday’s campaign for state attorney general.
Sunday narrowly won the race, and the report noted that he is now overseeing the office that is investigating TikTok – which was one of Yass’s major investments.
Robert Bigelow, the owner of Budget Suites of America, backed Joe Lombardo for the Nevada governor’s race and spent up to $12.3 million. (He also sent another $12 million to the Republican Governors Association, the report said.)
Lombardo won the election and vetoed a bill that would have helped protect tenants in the state from evictions, the paper said. Bigelow was deeply opposed to the bill.
TRENDPOST: The Trends Journal has reported extensively on how billionaires control our Duh-mock-racy. (See “BEZOS’S WASHINGTON POST: BILLIONAIRES ARE SPENDING MORE THAN EVER ON ELECTIONS” (25 Nov 2025), “WHO REALLY OWNS AMERICA? THE BANKS, THE BILLIONAIRES AND THE DEEP STATE” (18 Nov 2025), and “AI-FUNDED GROUPS TO PLAY OUTSIZED ROLE IN FUTURE U.S. ELECTIONS” (3 Mar 2026).
We also reported extensively on how the Bigs control Washington and buy elections. Just look at Trump’s crypto gang. (See “BITCOIN OR BIT-CON? THE TRUMPSTERS ARE RUNNING THE SHOW” (6 Jan 2026) and “TRUMP FAMILY’S CRYPTO VENTURES ARE PERFORMING BETTER THAN ANY OTHER TRUMP BUSINESS” (19 Aug 2025).
The Trump Gang has helped show Americans how power works in Washington, where politicians are more than willing to prostitute themselves for donations or for a future job in the military-industrial complex, a tech company, or on a network news show.
Gerald Celente has noted that while these billionaires think nothing of buying politicians for tens of millions of dollars, they do nothing to advance peace on Earth by donating to OccupyPeace.com.