Elon Musk pledges $45 million monthly to trump support PAC
The Wall Street Journal reported on Tuesday that Elon Musk intends to donate approximately $45 million monthly to America PAC, a group supporting Donald Trump's presidential campaign. This will be one of the largest donations from an individual in an American campaign.
6:52 AM EDT, July 16, 2024
Other investors in the new technology industry support the America PAC group financially. Among the donors are Cameron and Tyler Winklevoss, recently known for their investments in cryptocurrencies and previously known for accusing Facebook founder Mark Zuckerberg of stealing their idea for a social networking site. Donors also include former Tesla director Antonio Gracias and Douglas Leone, a partner in the well-known Silicon Valley private equity firm Sequoia Capital.
The group, which raised $8.75 million in June, intends to focus on activities in so-called swing states, where sometimes the Republican candidate wins, and other times the Democratic candidate wins. It will encourage Republican Party supporters to register as voters and to strive for the right to vote by mail.
Musk counts on Trump
The largest known donation for the current election campaign so far is a $50 million donation from Tim Mellon, heir to the founders of Mellon Bank, in support of Trump.
In March, Musk, whose wealth is estimated by Forbes to be $252 billion, stated that he would not financially support any candidate in the presidential election. After Saturday's attack on Trump, he publicly declared his support for him, the AFP agency reminded.
Elon Musk does not hide his support for Trump. For several days, he has been regularly posting entries about the Republican candidate for the White House on his profile on X and praising his decisions, including the announcement of J.D. Vance as the candidate for the vice presidency.
