According to The Wall Street Journal, Elon Musk has announced plans to donate $45 million per month from July onwards to support a super PAC working towards the election of Donald Trump.
Musk, a tech billionaire who recently endorsed Trump, has already made a substantial donation to America PAC. The exact amount of this donation will be revealed in election filings on July 15, as per Bloomberg.
Reports from both The Wall Street Journal and Bloomberg are based on anonymous sources familiar with Musk’s plans. With an estimated net worth of $252 billion, Musk is considered one of the wealthiest individuals globally.
The potential donation from Musk is described as “tremendous” by The Wall Street Journal, highlighting that the largest known donation in the 2024 election cycle so far is $50 million. This amount was contributed by the great-grandson of banker Thomas Mellon to a pro-Trump super PAC.
As of June 30, there were no records of Musk donating to the super PAC, according to a review by The New York Times.
America PAC has garnered support from Musk’s tech industry associates, as reported by The New York Times. Joe Lonsdale, co-founder of Palantir with Peter Thiel, has also endorsed the PAC, along with the Winklevoss twins, crypto entrepreneurs critical of Biden’s policies.
America PAC, launched recently, aims to finance robust Republican voter mobilization initiatives in key states to counter Democratic efforts, according to The New York Times.
Contrary to earlier reports, Musk clarified in a tweet in March that he had not made any donations to U.S. presidential candidates.
Source: www.theguardian.com
