Swiss Billionaire Quietly Becomes Influential Force Among Democrats

The New York Times (NYT) (05/03/2021)
  • Since 2016, Swiss billionaire Hansjörg Wyss has quietly donated $208M to various left-leaning US political organizations.
  • Born in Bern, 85 year-old Wyss’ wealth derives from Swiss-based medical device maker Synthes.
  • A longtime resident of Wyoming, Wyss hasn’t disclosed whether he’s legally a permanent resident or US citizen.
  • Federal law bars foreigners who aren’t permanent residents from donating directly to US politicians or PACs.
  • As of 2019, the DC-based Wyss foundation had $2B in assets.
  • Wyss’ donations were heavily directed towards defeating Trump in 2020.