Story perspectives

Billionaires Donate $10 M to Collins, Outspending Challenger

6/12/2026

Summary

Story summary

Nearly 100 billionaires and spouses have funneled almost $10 million into Sen. Susan Collins’ 2026 reelection effort, outpacing her challenger.
As of May 2026, Collins has received $9.8 million from billionaire donors.
Private-equity executives Stephen Schwarzman, James Davis and Paul Singer each gave at least $1 million after Collins withdrew a 2017 tax-break amendment.
Dark-money groups including One Nation and Sen. Mitch McConnell’s network have spent more than $19 million on ads supporting Collins.

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Story summary

Nearly 100 billionaires and spouses have funneled almost $10 million into Sen. Susan Collins’ 2026 reelection effort, outpacing her challenger.
As of May 2026, Collins has received $9.8 million from billionaire donors.
Private-equity executives Stephen Schwarzman, James Davis and Paul Singer each gave at least $1 million after Collins withdrew a 2017 tax-break amendment.
Dark-money groups including One Nation and Sen. Mitch McConnell’s network have spent more than $19 million on ads supporting Collins.