Elon Musk has reportedly donated a significant amount to support Trump’s campaign.
America PAC will disclose the list of donors by July 15.
Trump’s donations have overtaken that of President Joe Biden in the ongoing campaign.
Elon Musk, the world’s richest man, has reportedly made a significant donation to America PAC, a support group dedicated to electing Donald Trump as the next U.S. President. This move signals increasing support for Trump’s campaign, particularly in critical swing states.”
Billionaire Elon Musk has donated to a super PAC working to elect Donald Trump to the White House https://t.co/DTNqcBOCvD
— Bloomberg Crypto (@crypto) July 12, 2024
Sources preferring to remain anonymous confirmed that Musk donated an undisclosed amount to a low-profile group called America PAC. However, election regulations and rules require the PAC to disclose its list of donors by July 15.
With this move, Musk joins other top U.S. billionaires who have shown support for Trump in the ongoing campaign. The donation also highlights Musk’s shift from a politically independent stance to someone showing interest in his preferred choice using his resources.
American billionaires supporting Trump include Ken Griffin and Paul Singer. Both are Republican billionaires who criticized Trump in the past but have reportedly met with the former president to discuss how to contribute to his campaign. Despite the reported discussion, people familiar with the matter confirmed that Griffin and Singer have yet to commit to the campaign.
Notably, Musk’s reported donation to the campaign comes when Trump’s donations have overtaken those of his rival, President Joe Biden, thanks to the efforts of deep-pocketed Wall Street and corporate donors. It has also gained momentum after an under-par performance by Biden during a recent debate.
In response to the wave of billionaire donations to Trump’s campaign, James Singer, spokesperson for Biden’s campaign, criticized the contributions as self-serving. He argued that Musk and other wealthy donors support Trump because they expect him to cut their taxes, even if it means raising taxes on the middle class by $2,500.
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