Wall Street Political Donations in 2024
The finance industry is one of the most politically active sectors in the United States. Employees of major Wall Street firms -- including investment banks, hedge funds, and asset managers -- contributed a combined $102.8M to federal political campaigns during the 2024 election cycle, with 4,683 individual donors making itemized contributions.
Top Wall Street Employers by Political Giving
| Rank | Firm | Total Donated | Donors |
|---|---|---|---|
| 1 | Blackstone | $29.8M | 240 |
| 2 | The Blackstone Group | $15.5M | 13 |
| 3 | Citadel Llc | $11.9M | 9 |
| 4 | Charles Schwab Corporation | $9.0M | 11 |
| 5 | Goldman Sachs | $4.0M | 423 |
| 6 | Citadel | $3.7M | 30 |
| 7 | Morgan Stanley | $3.4M | 509 |
| 8 | Blackstone Group | $3.2M | 6 |
| 9 | JP Morgan | $2.9M | 79 |
| 10 | Wells Fargo | $2.0M | 414 |
| 11 | Bank OF America | $1.8M | 421 |
| 12 | Jpmorgan Chase Bank, N.a. | $1.0M | 235 |
| 13 | Blackrock | $961K | 88 |
| 14 | Merrill Lynch | $907K | 190 |
| 15 | Fidelity Investments | $844K | 161 |
Party Breakdown of Wall Street Donations
| Party | Amount | Share |
|---|---|---|
| Democrats | $825K | 0.8% |
| Republicans | $1.8M | 1.8% |
| Other | $100.1M | 97.4% |
Wall Street employees lean Republican in their political giving, directing $1.8M to Republican candidates compared to $825K to Democrats.
Frequently Asked Questions
How much did Wall Street donate in 2024?
Employees of major Wall Street firms contributed $102.8M to federal campaigns during the 2024 election cycle, from 4,683 individual donors.
Does Wall Street favor Democrats or Republicans?
Wall Street employees directed more money to Republicans ($1.8M) than Democrats ($825K) in the 2024 cycle.
Which Wall Street firm's employees donated the most?
Employees of Blackstone donated the most at $29.8M from 240 donors.
Are these corporate donations or individual donations?
These are individual donations by employees who listed a Wall Street firm as their employer on FEC filings. Federal law prohibits corporations from making direct contributions to federal candidates.