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Bloomberg: [https://www.bloomberg.com/news/articles/2026-07-15/ken-griffin-spends-millions-to-back-gop-in-tight-senate-races](https://www.bloomberg.com/news/articles/2026-07-15/ken-griffin-spends-millions-to-back-gop-in-tight-senate-races)
Ken Griffin, one of the biggest Republican political donors, put money into two tight Senate races Republicans must win to hold their majority, the latest Federal Election Commission filings show.
The founder of hedge fund Citadel and market maker Citadel Securities gave $2.5 million to a super political action committee that backs incumbent Alaska Senator Dan Sullivan in a hotly contested race. Sullivan is facing former Democratic Representative Mary Peltola, who’s previously managed to win in a state that’s voted for the Republican presidential candidate since 1964.
Sullivan also faces headwinds from an attempted spoiler candidate — also named Dan Sullivan — whose name on the ballot could siphon votes intended for the incumbent.
In addition, Griffin gave $1.5 million to support Representative Ashley Hinson running for the Iowa Senate seat left open when incumbent Joni Ernst chose to not seek a third term. Hinson is facing Democrat Josh Turek, a state representative, in November. The race leans Republican, according to the Cook Political Report.
Griffin also donated $2.5 million to a super PAC supporting Senator Ashley Moody, the Republican who was appointed to fill Marco Rubio’s Florida seat when he took the secretary of state role in the Trump administration. That race is rated by Cook as a “solid” Republican seat, but her opponent Democrat Alex Vindman, a former National Security Council aide known for his role in Trump’s first impeachment, has a track record of raising large sums of money.
The donations suggest that Griffin is willing to spend big to help Republicans fend off Democratic challengers in close races. Griffin has typically been a prolific donor to Republican candidates and causes even in non-election years, but has refrained from giving recently. He didn’t contribute in 2025 and didn’t make his first donations this year until May.
Democrats must net four seats to win a majority in the Senate and have several opportunities to do so. Of the nine most closely contested races, six are held by Republicans. That effort has been complicated by the withdrawal of Graham Platner from the Maine Senate race after accusations of sexual assault, setting up a battle to replace him in the coming weeks. The candidate who emerges will face a huge financial disadvantage against incumbent Republican Senator Susan Collins in a race that Democrats likely must win in order to secure a Senate majority.
Griffin previously gave $5 million to the Congressional Leadership Fund, the main super PAC supporting Republican candidates for the House, $2.5 million to a group backing Collins, and $3 million to Conservatives for American Excellence, which focuses on House races.
Since 2015, Griffin has donated about $300 million to federal candidates and committees, including more than $90 million to the Senate Leadership Fund, the main super PAC backing Republican candidates for the chamber. In the 2024 election cycle, he donated $108 million, when he backed the successful bids of several Republican Senate candidates, including David McCormick of Pennsylvania and Tim Sheehy of Montana.
Griffin has said he voted for Donald Trump in the 2024 election, but has been critical of the some of the president’s policies on tariffs and has criticized administration officials for using their offices to enrich their families. Griffin donated to the president’s 2025 inauguration committee, but didn’t directly support his campaign.
Griffin, 57, has a net worth of $57.5 billion, according to the Bloomberg Billionaires Index.