23 hours ago -
Politics & Policy
Meet the billionaires funneling millions into the 2024 race
Ivana Saric
A handful of powerful megadonors have played an outsized role in shaping the 2024 presidential race through mammoth donations toward their favored candidates.
Why it matters: The amount of money being injected into 2024 races means this election cycle is poised to become the most expensive federal election ever, according to a new analysis released by the research group OpenSecrets last week.
The big picture: President Biden's replacement on the Democratic ticket by Vice President Kamala Harris spurred "an enormous boost in fundraising" among Democrats, per OpenSecrets.
The Harris campaign's fundraising quickly began to outpace former President Trump's, whose fundraising operation stalled in recent months.
In an astonishing feat, the Harris campaign raised more than $1 billion since launching in July, multiple outlets reported.
However, many of the top 50 megadonors tend to be Republicans, per the Washington Post.
Here's a look at the megadonors shaping the 2024 presidential race.
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https://www.axios.com/2024/10/16/trump-harris-megadonors-2024
