A Swiss billionaire who has been quietly backing left-wing groups donated more than $208 million to those groups between 2016 and early 2020, according to a report.
The New York Times reported Hansjörg Wyss doled out the money from two of his organizations, a nonprofit fund and a foundation, to three other nonprofit funds that gave money to left-wing groups that assisted Democrats in their efforts to take back the White House and control Congress in 2020.
Representatives for Wyss say his funds are not being spent on political campaigning. But documents obtained by the Times and interviews show these groups played a big role in funding the political infrastructure that supports the Democrats and their causes.
While most of Wyss’s giving was channeled through the three nonprofit funds, Wyss’s organizations also gave direct donations in the tens of millions of dollars to groups against former President Donald Trump