Republicans are counting on a huge influx of money from billionaires, tech investors and big political donors to help them weather voter discontent over the U.S. war with Iran and rising consumer prices, a New York Times analysis revealed Nov. 1. The paper found that the top 20 donors and contributors contributed about $2 billion to federal election efforts during the 2026 midterm cycle. Elon Musk topped the list with recorded donations of $445.6 million, followed by Republican mega-donors Richard and Elizabeth Uehlein with $150 million. Other big Republican donors included Jeff Yass ($110.4 million), Miriam Adelson ($67.6 million) and Paul Singer ($53.6 million). As for the Democrats, George and Alexander Soros contributed $103.4 million, while Michael Bloomberg gave $84.8 million, mostly to support House candidates.

Republicans are counting on a huge influx of money from billionaires, tech investors and big political donors to help them weather voter discontent over the U.S. war with Iran and rising consumer prices, a New York Times analysis revealed Nov. 1. The paper found that the top 20 donors and contributors contributed about $2 billion to federal election efforts during the 2026 midterm cycle. Elon Musk topped the list with recorded donations of $445.6 million, followed by Republican mega-donors Richard and Elizabeth Uehlein with $150 million. Other big Republican donors included Jeff Yass ($110.4 million), Miriam Adelson ($67.6 million) and Paul Singer ($53.6 million). As for the Democrats, George and Alexander Soros contributed $103.4 million, while Michael Bloomberg gave $84.8 million, mostly to support House candidates.