Elon Musk plans to provide about $45 million a month to a company supporting Donald Trump’s marketing campaign to return to the White Home, which is already being funded by different tech entrepreneurs, the Wall Road Journal reported Monday.
The billionaire, who has by no means hidden his desire for Donald Trump, is presently the richest man on the planet, with an estimated fortune of greater than $250 billion. The exorbitant quantity of his donation will go to America PAC.
If his intentions are confirmed, it will be one of many largest particular person donations ever made to a US election marketing campaign.
America PAC, based in late Might, is concentrated on voter registration and getting voters to vote early and request mail-in ballots in tie-breaker states. The group, as licensed by paperwork it filed with the Federal Election Fee (FEC), is likely one of the so-called “tremendous PACs” (“political motion committees”), authorized entities that aren’t affiliated with get together organizations or campaigns.
Subsequently, they can not immediately fund a candidate, however the regulation permits them to interact in assist actions resembling promoting campaigns, organizing occasions, and many others.
Based on paperwork launched by the FEC, America PAC’s donors embrace brothers Cameron and Tyler Winklevoss, recognized for clashing with Mark Zuckerberg when what would turn into Fb was based and, extra just lately, for his or her cryptocurrency investments. The record additionally contains Douglas Leon, of the capital administration and funding firm Sequoia Capital — the most effective recognized within the so-called Silicon Valley — and Antonio Gracias, who was a number one govt of Tesla from 2007 to 2021.
The biggest donation supplied within the run-up to this yr’s election, based on the information that has been made public up to now, is that of Mellon financial institution inheritor Tim Mellon: he allotted $50 million to a different “tremendous PAC” supporting the Republican candidate.
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