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4 Takeaways on How Billionaires Are Donating to Federal Elections

300 billionaires and their families spent more than $3 billion on federal elections in 2024. Here’s a snapshot of how a surging class of ultrawealthy people is spending money on political change.

© Graham Dickie/The New York Times

Before the Supreme Court’s 2010 ruling that lifted many remaining campaign finance restrictions, the share of billionaire spending on federal elections was quite small.
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