WEALTH

300 Families Gave Half of Election Money

A New York Times investigation found that 158 families have donated $176 million to the presidential election so far, much of it to Republicans, by giving more than $250,000 each. They, along with about 200 other families who donated more than $100,000, made up more than half of all campaign contributions. The vast majority of these influential donors have self-made fortunes, many of them made through hedge funds. The Times further reports that the neighborhoods these families live in are concentrated, small, and homogenous: practically none of the ultra-wealthy donors' relatives are black.