Silicon Valley Tech Billionaires Spend Heavily in California Races
Edited By WION Video Desk
Published: Jun 02, 2026, 16:27 IST | Updated: Jun 02, 2026, 16:27 IST
Silicon Valley tech billionaires have poured nearly $50 million into the gubernatorial campaign and allied PACs of San Jose Mayor Matt Mahan, attempting to boost a moderate, efficiency-driven alternative to mainstream Democrats. However, this massive influx of capital has ultimately fallen flat, with Mahan failing to overtake the race's top-polling Democrats.
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