The South African tycoon plans to contribute to the Great America PAC, an organization that supports the Republican’s campaign.
In a new show of support for the candidacy of Donald Trumpthe tycoon Elon Musk said he plans to contribute $45 million a month to a new political committee that supports the Republicanhe Great America PACthe Wall Street Journal reported Monday.
While the owner of X (formerly Twitter) and Tesla has reportedly already contributed to the organization, his name did not appear in the group’s file released on Monday, which shows that they have so far raised more than $8 million for support Trump’s campaign.
Lonsdale Enterprises and the twins Winklevoss were among the donors. Lonsdale donated a million dollars and Cameron and Tyler Winklesvoss contributed US$250,000 dollars each.
Musk’s decision to contribute to this committee exposes his growing influence in politics. The businessman, who tops the Bloomberg Billionaires Index with a net worth of US$263.6 billionhas undergone a change in recent years and has gone from describing himself as someone who stays out of politics to a figure who uses regularly on their social media platform for defend right-wing views and attack Democrats.
Elon Musk gets into fundraising for presidential campaign
The injection of money from Musk It comes at a time when Trump is beginning to outpace his rival, President Donald Trump, in fundraising. Joe Bidenwith the help of corporate donors and Wall Street with big wallets.
The president’s fundraising fell after his poor performance in the presidential debate, which led prominent Democratic donors to limit their contributions.
Despite his obvious support for the candidacy of Trump, Musk has not yet spoken publicly to any candidate in the 2024 race. He had said earlier this year that he did not anticipate funding either man’s campaign efforts, but the decision to open his pocketbook presents him with an opportunity to become a financial giant for Republicans.
Source: Ambito
