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Who is Richer? Democrats or Republicans? The Answer Probably Won’t Surprise You.

by Jenny Smedraon August 19, 2020 ~ 15 Comments

are democrats or republicans richer

Which of the two political parties has more money, Democrats or Republicans? Most would rush to say Republicans due to the party’s ideas towards tax and money. In fact, polls have shown about 60 percent of the American people believe Republicans favor the rich. But how true is that?

Which Party is the Party of the 1 Percent?

First, both parties receive substantial support. Much of it comes from registered voters who make $100K+ annually. However, Democrats actually come out ahead when it comes to fundraising for campaigns. In many cases, Democrats have been able to raise twice as much (or more) in private political contributions. But what about outside of politicians? Does that mean Democrats are the wealthier party? Which American families are wealthier? Republicans or Democrats?

Honestly, it is probably Republicans. When it comes down to it, the richest families in America tend to donate to Republican candidates. Forbes reported out of the 50 richest families in the United States, 28 donate to Republican candidates. Another seven donate to Democrats. Additionally, 15 of the richest families in the U.S. donate to both parties.

Biggest Influencers: Democrats or Republicans?

To understand who influences politics, you can easily find out who the wealthy support. For example, the Walton family, the owners of the retail giant Walmart, has traditionally donated to Republican candidates. Alice Walton, the daughter of Walmart’s founder, hasn’t strayed from that too much. That is, until the 2008 election. In 2008 and 2016 the Walton family donated to Hilary Clinton’s campaign.

She isn’t the only person from a wealthy family to change tradition where politics are concerned either. Many of the younger individuals in America’s richest families have begun to sway from their family’s political associations as well. Below you’ll find the affiliation and overall net worth of the top 10 richest families in America.

America’s Top 10 Richest Families

    1. Walton– Republican — The family owns the Walmart corporation. The Walton family fortune is estimated to be about $130 billion.
    2. Koch– Republican — Businessmen, owners of Koch Industries, a manufacturing company. Koch brothers have a net worth of about $41 billion each ($82 billion together).
    3. Mars– Republican — Own the Mars candy company. The three children of founder Forrest Mars are worth about $78 billion together.
    4. Cargill-MacMillan– Republican — The Cargill-MacMillan family owns 90 percent of the largest privately-owned corporation in the U.S. The family, as a whole, is worth about $49 billion.
    5. Cox– Democrat — The Cox family owns a number of auto consumer sites and services (Kelley Blue Book, AutoTrader.com, etc.). They have an estimated net worth of $41 billion.
    6. Johnson (S.C. Johnson)– Republican — The Johnson family is known for their cleaning products and hygiene products. They are valued at $30 billion.
    7. Pritzker– Both — Founders of Hyatt. The family has a combined value of $29 billion in 2017.
    8. Johnson (Fidelity)– Republican — Overseers at Fidelity, ensuring the cash of millions of Americans. The family has a combined net worth of $28.5 billion.
    9. Hearst– Republican — The Hearst family owns one of America’s largest media companies. The family is valued at $28 billion.
    10. Duncan– Republican — The Duncan family works mostly with oil and pipelines. The family is valued at about $21.5 billion.

The Richest Politicians in Congress

Another financial question many voters want to know involves the 116th Congress. Who are the richest politicians in Washington? Are there more Democrats or Republicans who top that list? The answer may surprise you. In fact, the top 10 richest politicians are fairly evenly distributed across the aisle. Furthermore, nearly half the members of Congress are millionaires. Based on reported numbers from May 2019, the median net worth of Congress members is just over $1 million. Listed below are the 10 wealthiest members.

  1. Senator Rick Scott                      R – Florida                  $259.7 million
  2. Senator Mark Warner                D – Virginia                $214.1 million
  3. Rep. Greg Gianforte                    R – Montana              $189.3 million
  4. Rep. Paul Mitchell                       R – Michigan             $179.6 million
  5. Senator Mitt Romney                  R – Utah                     $174.4 million
  6. Rep. Vernon Buchanan               R – Florida                 $157.1 million
  7. Senator Mike Braun                     R – Indiana                $136.8 million
  8. Rep. Don Beyer                             D – Virginia               $124.9 million
  9. Rep. Dean Phillips                        D – Minnesota          $123.8 million
  10. Rep. Nancy Pelosi                         D – California           $114.7 million

 

Democrats or Republicans: Who Has the Higher Income?

In the end, many people assume Republicans are richer based on these figures. Although, this is only a look at the richest families and politicians in America though. In everyday American households, it seems that Democrats have a higher mean salary. It’s true that many of the wealthiest families in the country are contributing to Republican campaigns. On the contrary, families registered as Democrats have higher annual salaries than Republicans, statistically speaking.

These findings still have some loopholes in them, of course. For instance, the data was collected over the last 40 years or so. Moreover, it is only based on the most recently collected information. As you know, demographics are constantly changing. These figures may have been affected as well. There is also a margin of error with every type of data collection like this. So, what do you think? Who is richer? Democrats or Republicans?

Photo: Odyssey Online

Read More

  • Meet the Richest Families in the World
  • The Problem of America’s Wealth Gap
  • Did Ashton Kutcher get the Bush twins high?

Filed Under: Buzz Around the Web, Money, Uncategorized
Tagged With: are democrats or republicans richer, democrats or republicans, richer political party, wealthiest party

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Lovely comments

  1. Beth says

    November 30, 2018 at 2:14 pm

    Why isn’t Bill Gates in this list? He is a Democrat at 86 billion

    Reply
    • Dan says

      January 2, 2019 at 5:12 pm

      And how about Warren Buffett, or Jeff Bezos, or George Soros, or most of the silicon valley tycoons. All Ds.

      Reply
    • john says

      November 2, 2020 at 7:48 am

      cuz they clearly favor republicans

      Reply
  2. JD says

    March 2, 2019 at 1:46 pm

    The list is of wealthiest families – not individuals. They include multiple wealthy people and therefore carry influence.

    Reply
    • Thomas L Wilburn says

      October 13, 2020 at 8:49 pm

      Oh, Bill Gates has no influence?

      Reply
  3. Brian says

    June 21, 2019 at 11:33 pm

    Umm I looked at the source you provided and the mean for the republican Side is higher than the mean for the democrat side.

    Reply
  4. Nate says

    June 25, 2020 at 11:41 pm

    Jeff Bezos actually gives to both parties, but more to Republicans.

    Reply
    • Stacey says

      August 14, 2020 at 2:52 pm

      Now that’s rather interesting – probably because he found people on both sides to push his corporate agenda!

      Reply
    • Al says

      January 9, 2021 at 2:52 pm

      Are you nuts? Bezos owns the leftwing Washington Post. This whole article is a cherry picking disaster. The Waltons are a divided ownership and no way they are all Republicans. Bezos, Gates, Buffett, and a plethora of other are democrats. Wealth is no long held by industrial titans. Big Tech and Money Manipulations are where individual massive fortunes are made. Think about this. Who makes the most money? The voters that work in strong democrat places like NY, Chicago, Boston, and the entire state of California, Oregon, and Washington St. You can add Colorado also as wealhy leftists have taken over Denver and the ultra elite skiing utopias like Vail and all the rest.

      Reply
      • MB says

        January 19, 2021 at 2:10 pm

        The real question is:
        Why do many people listen to republicans that push the idea that democrats want a socialist society if, as this article states, there are more rich Democrat families than Republican families in America? Does a socialist state benefit the rich? Or does slandering democrats, who are less likely to strike back defensively, seem more likely. Bottom line is, who benefits more from lies?

        Reply
  5. Wiseman says

    June 26, 2020 at 7:44 pm

    doesnt matter the truth will always be kept hidden anyhow. The richest people play both sides depending on whats in their best interest in that particular time you’re welcome

    Reply
  6. We Buy Houses says

    September 14, 2020 at 5:16 pm

    This is all apart of divide and conquer

    Reply
  7. wise says

    September 16, 2020 at 8:00 am

    this is f******g insane bias

    Reply
  8. PNess says

    September 21, 2020 at 3:06 pm

    LOL first off two of the “walton’s” are huge liberals and each kid got the same % of the fortune so your #1 is wrong. Besides your number in value is way low for them.
    Alice Walton who owns over 80 billion of the family fortune was a huge Hillary supporter, gave over 350k directly to her campaign

    The mars family is so diverse right now you can not even assign a label to them. The most recent death left 28 billion to 4 daughters.

    Koch is now owned by two families since the one died. And no one knows what that side of the family is politically since its his wife and daughters. They refused to donate much to Trump instead sticking with republicans in congress

    second you left off the “gates family” since there are two of them and a kid and that is only one example of leaving off “families” in your very tilted article. The qualifications of “family” that would include the Koch family would also include several others like Bezos and Gates.

    Reply
  9. Bear Nickel says

    October 21, 2020 at 4:06 pm

    Using Families isn’t right or representative of the truth. The richest 15 people shows that at least 9 are Democrat supporters, including the top 4:
    As near as I’ve been able to find:
    Top 15 Richest Americans in 2020, according to Forbes (As of 7/24/2020)
    1. Jeff Bezos – $179 billion….DEMOCRAT
    2. Bill Gates – $111 billion….DEMOCRAT
    3. Mark Zuckerberg – $85 billion….DEMOCRAT
    4. Warren Buffet – $73.5 billion…DEMOCRAT
    5. Larry Ellison – $72 billion…Republican
    6. Steve Ballmer – $69 billion…DEMOCRAT
    7. Elon Musk – $68 billion…Socially Liberal/Fiscally Conservative per Musk.
    8. Larry Page – $67.5 billion….DEMOCRAT
    9. Sergey Brin – $65.7 billion….DEMOCRAT
    10. Alice Walton – $62.3 billion….DEMOCRAT
    11. Jim Walton – $62.1 billion…Republican
    12. Rob Walton – $61.8 billion…Republican
    13. MacKenzie Scott – $57 billion….DEMOCRAT
    14. Michael Bloomberg – $55 billion….DEMOCRAT
    15. Charles Koch – $45 billion…Republican

    Reply

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