Billionaires Have Spent $881 Million This Election (Mostly on Republicans)

American billionaires have spent a record $881 million on the crucial 2022 midterms, a new report found, with most of that money going to Republican candidates and causes.

The mindboggling amount is 44 percent higher than billionaires’ total spending during the 2018 midterm cycle and could easily reach $1 billion by next week, according to a report published Thursday by the group Americans for Tax Fairness.

The influx of cash from billionaires has made this the most expensive midterms ever.

A separate report from Open Secrets found that midterm spending at both the state and federal levels is expected to exceed $16.7 billion this year.

That is the most that has ever been spent on midterm elections at both levels, the group’s director Sheila Krumholz said.

The biggest individual billionaire donor this election was George Soros, who gave $128 million to the liberal super PAC Democracy II. But his total contribution was edged out by the combined total of donations from the second- and third-place donors, Richard Uihlein and Ken Griffin, who gave $67.3 million and $66.1 million respectively to several Republican super PACs and candidates.

Overall, Republicans received 59 percent of the donations, while Democrats received only 39 percent. Considering billionaires make up a tiny fraction of the U.S. population, their contributions risk “distorting our democracy by drowning out the voices of regular Americans,” Americans for Tax Fairness warned.

The 2022 midterms haven’t even happened yet, but they’re already proving to be some of the most contentious and crucial elections in recent history. Democrats are struggling to maintain their razor-thin hold on Congress, while Republicans have promised a raft of petty repercussions should they take control, such as impeaching President Joe Biden.

Many GOP members are already sowing disinformation about the elections online and are priming voters to reject tight Democratic victories.

So it’s no surprise that people in general, especially billionaires, are pouring money into the elections to try and influence the outcome in their favor.

Just when he thought he’d escaped one Twitter-related lawsuit by buying the platform, Elon Musk finds himself at the center of another.

A group of former and current Twitter employees filed suit against the company Thursday night, alleging that they were not provided enough notice of their layoffs, in violation of both federal and California state law.

In the suit, the group said that one member was fired effective immediately, instead of receiving the required 60-days notice. Three others were locked out of their Twitter accounts before they had been formally notified of a layoff or given advance notice.

The billionaire, who definitely bought Twitter because he “loves humanity,” clearly thought he was above the federal law prohibiting mass layoffs without at least 60 days advance notice. His week-long reign has been nothing short of shambolic.

Musk bought Twitter last Friday for $44 billion, after a court ordered him to complete the deal when he tried to back out of it. He promptly fired most of the top executives and the entire board of directors.

He also announced plans to lay off about 3,700 people, roughly half of the company’s staff. Many employees are not told of his decisions directly and instead have to follow him on Twitter to see what’s going to happen next.

Twitter gets 90 percent of its revenue from advertising, but since Musk took over, advertisers have been fleeing Twitter in droves. General Motors has suspended ads on the platform. Earlier this week, advertising behemoth IPG recommended its clients—which include Coca-Cola, Johnson & Johnson, and Spotify—do the same.

“Twitter has had a massive drop in revenue, due to activist groups pressuring advertisers, even though nothing has changed with content moderation and we did everything we could to appease the activists,” Musk tweeted Friday morning. “Extremely messed up! They’re trying to destroy free speech in America.”

Musk has been scrambling to come up with new ways to produce revenue, including a plan to charge verified accounts $8 per month that has been widely met with scathing criticism, including from Representative Alexandria Ocasio-Cortez.

“Lmao at a billionaire earnestly trying to sell people on the idea that ‘free speech’ is actually a $8/mo subscription plan,” she tweeted Tuesday.

All it took for Kyrie Irving to say the words “I apologize” was a five-game suspension.

Last week, the NBA and Brooklyn Nets star posted a tweet and an Instagram story boosting Hebrews to Negroes: Wake Up Black America, a movie based on a book of the same name.

The film, filled with antisemetic tropes, depicts a global Satanic conspiracy. It invites viewers to “find out what Islam, Judaism and Christianity have covered up for centuries.” Among other things, the film promotes antisemitic tropes of Jewish power and greed and calls the death toll of the Holocaust one of “five major falsehoods.”

Two days later, Irving pushed back against public backlash, saying he was an “omnist”—someone who respects all religions.

Irving was later confronted by ESPN reporter Nick Friedell about Irving’s promotion of the film. “Stop calling it promotion,” Irving said, accusing the reporter of “dehumanizing” him. “I put it out there, just like you put stuff out there,” Irving said.

By Tuesday, Irving was not made available to the media. “We don’t want to cause more fuss right now…Let’s let him simmer down,” said Nets general manager Sean Marks. The following day, Irving, the Nets, and the Anti-Defamation League released a joint statement saying Irving and the Nets would each donate $500,000 towards organizations working “to eradicate hate and intolerance in our communities.”

On Thursday, NBA Commissioner Adam Silver, who is Jewish, expressed disappointment that Irving hadn’t offered “an unqualified apology.” That afternoon, Irving conceded the film “may have had some falsehoods in it,” but stopped short of a straightforward apology. “I cannot be antisemitic if I know where I come from,” he said.

That evening, the Nets suspended Irving for a minimum of five games. “Such failure to disavow antisemitism when given a clear opportunity to do so is deeply disturbing…Accordingly, we are of the view that he is currently unfit to be associated with the Brooklyn Nets,” the team wrote.

On Thursday evening, Irving published an apology on Instagram, writing “To All Jewish families and Communities that are hurt and affected from my post, I am deeply sorry to have caused you pain, and I apologize:”

Still, the apology was strange, as Irving referred to himself as a “seeker of truth and knowledge” and he apologized for “posting the documentary without context.” 

In some ways, Kyrie has actually embodied “free thinking” in speaking out on behalf of Palestinians, Indigenous peoples, and even animal rights. But his conspiratorial promotion—from his anti-vaccine stance to dangerous antisemitic content—will stain his legacy.

It’s the deadline for former President Donald Trump to turn a slew of subpoenaed documents over to the House committee investigating the January 6 attack on the U.S. Capitol, but there’s no word on whether he’ll actually comply.

The committee had given Trump until Friday to hand over electronic messages, call logs, photos, videos, and even handwritten notes going back as far as September 2020.

It’s unclear whether Trump will meet the deadline, although committee Vice Chair Liz Cheney has said that the investigators are in contact with his legal team.

“This is not a situation where the committee is going to put itself at the mercy of Donald Trump in terms of his efforts to create a circus,” she told PBS reporter Judy Woodruff on Tuesday during an event at Cleveland State University.

“He has a legal obligation to testify, but that doesn’t always carry weight with Donald Trump,” Cheney noted.

In the subpoena, issued on October 21, the committee asked for call logs, text and encrypted message records, photos, videos, and any notes about those conversations. In particular, the panel requested any conversations with the extremist groups the Proud Boys and Oath Keepers that may have taken place since September 2020.

The committee also requested communications with former Trump advisors Roger Stone, Stephen Bannon, and Michael Flynn, as well as lawyers John Eastman and Rudy Giuliani.

It is unclear what the panel will do if Trump does not comply—Cheney declined to say—but Bannon was recently sentenced to four months in prison for failing to comply with another of the committee’s subpoenas.

In addition to the House committee, Trump is under fire on multiple fronts, facing two lawsuits in New York, where he has been charged with business fraud and his organization accused of tax fraud. The FBI is also investigating his storing sensitive government documents at Mar-a-Lago after leaving office.

He spent Friday morning trashing the New York attorney general Letitia James, as well as presiding Judge Arthur Engoron, who on Thursday ruled that given the “persistent misrepresentations throughout every one of Mr. Trump’s [financial statements] between 2011 and 2021, the Court finds that the appointment of an independent monitor is the most prudent and narrowly tailored mechanism to ensure there is no further fraud or illegality.”

“The New York State Court System is being ridiculed all over the World!” Trump said on his Truth Social platform. “You have a Corrupt, Racist, Weak on Crime Attorney General.”

“Then you have a highly political, biased Judge, who is totally controlled by my worst enemies. His rulings and manner are SICK.”

For reasons clear to absolutely no one, Johnny Depp will feature in the next fashion show for Rihanna’s lingerie line Savage X Fenty.

But the news conveniently comes a day after Depp and his legal team appealed a $2-million verdict awarded to his ex-wife Amber Heard in their blockbuster defamation trial in the spring.

Depp will appear in the November 9 Fenty show in a pre-recorded video cameo, TMZ reported. Rihanna and her team specifically invited him to take part, according to the outlet.

In the past, Fenty has been praised for its inclusive sizing and its hiring of models with a diverse array of body types, genders, and ethnicities. But fans are not pleased with the Depp decision and are calling Rihanna out of touch.

On Wednesday, Depp’s legal team filed paperwork appealing a jury’s decision to side with Heard on one of her counterclaims in their defamation lawsuit.

The lawsuit was over a 2018 op-ed Heard published in The Washington Post saying she had been in an abusive relationship. She did not mention Depp by name, but he sued her for defaming him in the piece, as well as in a separate headline and two other statements she had made.

Heard countersued him for saying her claims were “a hoax” and charged that his former lawyer Alex Waldman had defamed her in comments to the Daily Mail.

A jury in Fairfax, Virginia decided in April that Heard had defamed Depp, and he walked away with a whopping $10 million. But the jury also found that Waldman had defamed Heard and awarded her $2 million.

Many domestic abuse victims’ advocates said at the time that the ruling was a backlash against the #MeToo movement and would make it much harder for other abuse victims to come forward.

Depp has now appealed the jury’s decision in Heard’s favor, saying he was not responsible for Waldman’s comments.

Regardless, the main question when it comes to his Fenty appearance is: Huh?