Date uploaded: 2022-10-06 17:30:42

Billionaires are opening their wallets wide (very wide) to support political candidates and causes as a crucial election nears that will decide control of Congress for the next two years – and hence legislation that could benefit the ultra wealthy. A USA TODAY analysis found billionaires contributed nearly $675 million so far this election cycle – with almost all of that coming from the top 50 mega-rich givers, according to data tracked by OpenSecrets. That’s more than 10% of the total pumped into the political system, a gigantic proportion compared to their miniscule share of the population. There are roughly three billionaires for every million adults in the United States. Political candidates and committees reported contributions from a majority of the 735 billionaires in the United States recognized by Forbes, which tracks the net worth of the richest of the rich around the world. They spread the largesse across hundreds of candidates and committees, but notably dumped millions into key races that could decide control of the House and Senate, where Democratic caucuses hold slim majorities. To read more about which billionaires have contributed to midterm campaigns this election cycle, visit USATODAY.com. #2022midterms #elections