Billionaire-Linked Donations Reach Record $612 Million in California

Contributions linked to billionaires with California ties reached a record $612 million in the state’s 2026 elections, including more than $300 million for groups opposing a proposed wealth tax. The tally runs through Oct. 26 and includes statewide election activity beyond Proposition 40. The $612 million figure therefore does not represent spending against that measure alone. It provides a broader view of the money connected to California’s election campaigns. The wider scope builds on earlier coverage of the Proposition 40 campaign .

Source: TokenPost