Elon Musk has said he plans to donate $45 million a month to a Super PAC focused on electing Donald Trump, starting in July, according to the Wall Street Journal. has reported.
The tech billionaire, who endorsed Trump two days ago, has already donated what was described as “a sizable amount” to America Pac, though the actual donation amount will not be made public in election documents until July 15, according to Bloomberg. reported.
Both media outlets’ reports of Musk’s donations were based on accounts from anonymous people familiar with the plans of the tech billionaire, who, with an estimated net worth of 252 billion dollarshe is one of the richest people in the world.
If Musk goes ahead with a donation of this scale, it would be “an extraordinary sum,” the Wall Street Journal reported, citing the largest known donation of the 2024 cycle so far: the $50 million contributed to a Trump-supporting Super Pac “by the great-grandson of banker Thomas Mellon.”
As of June 30, Musk had not made any donations to the Super Pac, according to a review of records by The New York Times.
The America Pac has already been endorsed by some of Musk’s friends and allies in the tech world, according to the New York Times. reportedincluding Joe Lonsdale, who co-founded the software company Palantir with Peter Thiel, a major political donor Trump’s newly appointed vice president, Ohio Sen. JD Vance.
The Winklevoss twins, cryptocurrency entrepreneurs who have attacked Joe Biden for waging what they called a war on cryptocurrencies through regulation, have also reportedly contributed to the effort, according to the Wall Street Journal. reportedIn June, they praised Trump as “pro-Bitcoin, pro-cryptocurrency, pro-business.”
Just to be clear, I am not donating money to any of the candidates for President of the United States.
— Elon Musk (@elonmusk) March 6, 2024
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Just to be clear, I am not donating money to any of the candidates for President of the United States.
— Elon Musk (@elonmusk) March 6, 2024
The America Pac, launched this summer, is designed to mirror the Democratic Party’s efforts to boost voter turnout by funding robust Republican get-out-the-vote efforts in key states, the New York Times reported.
Musk said in March that I wouldn’t be donating any of the candidates for the presidency of the United States.