A small number of billionaires could help swing the result of the US presidential election, as many of the world’s wealthiest spend hundreds of millions of dollars to help their preferred candidate win.
Kamala Harris and Donald Trump are running neck and neck in the final days before the vote, which is on track to be the most expensive in history. The candidates and allied groups had raised more than $3.8bn by mid-October.
A Financial Times analysis of campaign finance filings found billionaires have donated at least $695mn, or about 18 per cent, of the total money raised during this election cycle.
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