Could billionaires help swing the US election? | Counting the Cost
Democrat Kamala Harris and Republican Donald Trump are running neck and neck.
Billionaires have funded their presidential campaigns with millions of dollars.
Winning the U.S. presidency requires deep pockets, and this year’s race is expected to be the most expensive in history.
According to OpenSecrets, a non-partisan group tracking money in politics, the Democrat and Republican campaigns, along with their allied groups, have spent nearly $16 billion this election cycle.
Billionaires from Silicon Valley to Wall Street have contributed millions to support their preferred candidates, raising concerns about whether they’re seeking future political influence.
Last month, the Democratic campaign led by Kamala Harris had a fundraising edge over Donald Trump’s Republican campaign.
But just how much of this money is from the super-rich?
Victoria Gatenby looks into how some tycoons have approached this election.
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