Donations for the 2026 midterm elections will reach $2.77 billion, with Musk donating a record $446 million.

The top 50 donors in the 2026 midterm election cycle have contributed a total of $2.77 billion, with approximately $1.67 billion from the Republican Party, $832 million from the Democratic Party, and $264 million from special interest groups. Elon Musk set a record for the highest individual political donation in modern U.S. history with approximately $446 million, with the funds primarily flowing to super PACs and related organizations supporting Republican candidates. (Source: The Washington Post)