by InvestorPlace Staff | October 31, 2012 10:13 pm
With election funding for the 2012 election cycle passing $2 billion this month, and with the election itself just six days away, theAssociated Presshas taken a look at the top donors for both major parties’ presidential candidates.
In an election marked by big money donations and the influence of super PACs, the Republicans‘ top donors have vastly outpaced the Democrats. The fifth highest Republican donor has given more than the top Democratic donor, and the top five Democratic donors still have less than the third most generous Republican giver.
Several factors have contributed to this disparity. Mitt Romney has the support of many wealthy business owners, and the Republican party in general was quick to take advantage of the unlimited donations super PACs can take in, both during their primary season and after Romney won the nomination. The Democrats and Obama, who were opposed to the Citizens United Supreme Court decision that gave rise to super PACs, were slower to jump on board — and not all of them did.
Still, it’s been a back-and-forth battle between the two campaigns to raise the most money, with Romney outpacing Obama from May–July and Obama jumping back into the lead in August and September.
According to the Associated Press, these are the top five Romney and Obama donors:
For more information about the donors, check out this Associated Press article about the Democratic donors, and this one about the Republican givers.
— Benjamin Nanamaker, InvestorPolitics Editor
The opinions contained in this column are solely those of the writer.
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