The Progressive Benefactor Who Makes U.S. Barriers To Foreign Cash Look Like Swiss Cheese
30th August 2023
The Swiss billionaire Hansjörg Wyss has a profound interest in American politics. Over the years, he has pumped $475 million he has earned manufacturing medical devices into left-wing advocacy groups – $72 million in 2021 alone, according to a new report from the conservative watchdog group, Americans for Public Trust.
According to a biography of Wyss written by a sister, Wyss’ goal is not to bend laws to his business’s advantage but to “[re]interpret the American Constitution in the light of progressive politics.”
Although foreigners are prohibited from donating money directly to political causes, Wyss has donated lavishly to progressive political organizations. The New York Times reported in 2021 that these include the “Center for American Progress and Priorities USA, as well as organizations that ran voter registration and mobilization campaigns to increase Democratic turnout, built media outlets?accused of slanting the news?to favor Democrats, and sought to block Mr. Trump’s nominees, prove he colluded with Russia and push for his impeachment.” Since 2016, some $245 million of his spending on American politics has gone to Arabella Advisors, which controls a vast network of progressive nonprofits which, among other activities, has financed hundreds of smaller groups that campaign for specific issues and candidates. Arabella, which raised $1.6 billion in 2021, was dubbed by The Atlantic “The Massive Progressive Dark-Money Group You’ve Never Heard Of.”