465 Billionaires Have Pumped an Eye-Popping $881 Million Into the Midterms

A small group of billionaires who come from the top 0.000002 percent of wealthiest people in the U.S. have spent nearly $900 million in the federal midterm runoffs this election cycle, a new report finds, and could reach $1 billion in political spending by the time the cycle is over. According to a report released Thursday by Americans for Tax Fairness (ATF), just 465 American billionaires had donated an unprecedented $881 million by the end of September — even before last-minute campaign pushes in the last five weeks before Election Day. This is already more than the amount that billionaires…