Elon Musk Leads GOP Donors with $85.1 Million in Contributions Ahead of Midterm Elections

Huo Xing Finance reports that, on June 26, according to an analysis by The Washington Post of data from the U.S. Federal Election Commission, as the midterm elections approach, major donors in U.S. politics have contributed over $1.3 billion so far this election cycle to influence national politics. These donors tend to support the Republican Party, and this funding may be crucial for the Republicans to retain control of Congress in November. In the first half of 2026, donors favoring the Republican Party contributed $880 million, compared to $290 million from donors favoring the Democratic Party, and $200 million from bipartisan and special interest groups. New billionaire Elon Musk leads all individual donors, having contributed $85.1 million to Republican-aligned organizations or individuals.