• The media learned about Elon Musk's plans to support Donald Trump's election campaign with donations.

  • According to available information, the billionaire plans to direct $45 million monthly to the America PAC committee.

  • Later, Elon Musk denied this information.

Elon Musk plans to allocate $45 million monthly to the election campaign of US presidential candidate Donald Trump. The Wall Street Journal writes about this, citing its own sources.

The billionaire plans to direct funds to a pro-Trump America PAC, according to people familiar with the donation details. It is known that this organization pays for a number of services related to the promotion of a candidate in order to reach more voters.

According to Forbes, Elon Musk is the richest person on the planet. His fortune is estimated at $252.3 billion.

According to media reports, Trump was publicly supported by donations from Palantir Technologies co-founder Joe Lonsdale, former US Ambassador to Canada Kelly Craft and her husband Joe Craft, who heads Alliance Resource Partners.

We also reported that Donald Trump received $2 million from the Winklevoss brothers. Entrepreneurs transferred 15.47 BTC to the Donald Trump Foundation, which is equivalent to $1 million at the time of the transaction.

Another person who supported Trump with crypto donation was the co-founder of the Kraken exchange Jesse Powell. He transferred $1 million in crypto assets, mainly Ethereum.

Meanwhile, according to journalists, friendly relations have been established between Musk and Trump. The two have been in frequent contact in recent months, and the owner of the social network X (formerly Twitter) has helped organize a project to prevent election fraud. In addition, entrepreneurs discussed a possible advisory role for Musk in the Trump administration, but the billionaire denied this.