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Contents
The High Cost of Campaign PoliticsRepresentative David Trone’s Expensive Senate CampaignNicole Shanahan’s Generous Support for Robert F. Kennedy Jr.’s CampaignOther Costly Self-Funded Presidential CampaignsWealthy Politicians and their Expensive CampaignsMichael R. Bloomberg’s Costly Presidential CampaignTom Steyer’s Record-Breaking Presidential CampaignLinda E. McMahon’s Expensive Senate CampaignsSteve Forbes’ Wealthy Presidential CampaignsRoss Perot’s 1992 Presidential Campaign
The High Cost of Campaign Politics
Representative David Trone’s Expensive Senate Campaign
- Trone poured over $60 million of his personal fortune into his Senate campaign
- Lost the Democratic primary to Angela Alsobrooks who spent a fraction of that amount
Nicole Shanahan’s Generous Support for Robert F. Kennedy Jr.’s Campaign
- Shanahan doubled her stake in Kennedy’s campaign with an $8 million donation
- Her total contributions now amount to nearly $15 million
Other Costly Self-Funded Presidential Campaigns
- Vivek Ramaswamy spent over $30 million on his failed Republican candidacy
- Doug Burgum dropped out after spending nearly $14 million on his campaign
Wealthy Politicians and their Expensive Campaigns
Michael R. Bloomberg’s Costly Presidential Campaign
- Spent a whopping $1 billion on his 2020 presidential campaign
- Each vote cost $426.76
Tom Steyer’s Record-Breaking Presidential Campaign
- Spent $341 million on his 2020 presidential campaign
- Each vote cost $1,320.37
Linda E. McMahon’s Expensive Senate Campaigns
- Spent nearly $100 million on two Senate campaigns in Connecticut
- Lost both races despite huge cash advantage
Steve Forbes’ Wealthy Presidential Campaigns
- Combined spent $74 million on his 1996 and 2000 presidential bids
- Advocated for abolishing tax brackets and enacting a flat tax rate
Ross Perot’s 1992 Presidential Campaign
- Contributed $65 million to his presidential campaign
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