Millionaire candidates pour cash into Ohio, Pa. Senate races

Election 2022 Self Funders
FILE – Mehmet Oz takes part in a forum for Republican candidates for U.S. Senate in Pennsylvania at the Pennsylvania Leadership Conference in Camp Hill, Pa., April 2, 2022. Millionaire candidates and billionaire investors are harnessing their considerable personal wealth to try to win competitive Republican primaries for open U.S. Senate seats in Pennsylvania and Ohio. In Pennsylvania, three multimillionaire candidates, including TV’s Dr. Mehmet Oz, report loaning their campaigns over $20 million combined. (AP Photo/Matt Rourke, File)

By JULIE CARR SMYTH and MARC LEVY Associated Press

Millionaire candidates and billionaire investors are harnessing their considerable personal wealth to try to win competitive Republican primaries for open U.S. Senate seats in Ohio and Pennsylvania.

Mike Gibbons, an Ohio investment banker, leads the pack of self-funders in both states after lending his campaign almost $17 million. Three other wealthy candidates in the Ohio race — state Sen. Matt Dolan, whose family owns the Cleveland Guardians baseball team; former Ohio Republican chair Jane Timken, whose husband’s family founded the steel giant Timken Co.; and “Hillbilly Elegy” author JD Vance — have lent or contributed a combined $14 million to their campaigns.