In this election cycle, billionaires have flexed their muscles more than ever before. According to a new report by Americans for Tax Fairness, 150 billionaire families have spent a total of $1.9 billion (€1.75bn) in support of presidential and congressional candidates this cycle, 58% more than four years ago.
Roughly $570 million (€525m) have gone to Donald Trump's campaign, $130 million (€119.7m) to Kamala Harris. Bill Gates and Michael Bloomberg each gave $50 million (€46m) to Harris.
Of course, no single individual has donated more money than Elon Musk, who has become an aggressive Trump surrogate, pouring at least $118 million (€108.7m) into a pro-Trump Super PAC.
Which of these billionaires will see a return on their investment, and which will have squandered a fortune? We will see next week.
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