Billionaires accounted for 19 percent of all reported federal campaign contributions in the 2024 election cycle, according to a New York Times analysis of campaign finance data.

Approximately 300 billionaires and their families contributed more than $3 billion to federal elections during the cycle. The analysis reveals the significant influence of ultra-wealthy donors in American political campaigns.

The contribution percentage represents a substantial portion of total federal election funding, highlighting the outsized role of the wealthiest Americans in campaign finance. The $3 billion figure encompasses donations to candidates, political action committees, and other federal election-related entities.

The data shows billionaire influence extended beyond federal races, with wealthy donors playing even larger roles in some local elections. The analysis provides insight into how the growing class of ultra-wealthy individuals is directing political spending.

The findings come as campaign finance reform remains a topic of political debate, with questions about the influence of large donors on electoral outcomes and policy decisions continuing to draw scrutiny from various quarters.