(FreePressBeacon.com) – Despite previously saying he would refrain from donating to any presidential candidate, Tesla mogul Elon Musk has announced his intention to contribute $45 million monthly to a Super PAC dedicated to supporting former President Donald Trump’s reelection.
According to election filings, Musk did not make any donations in June, but he seemingly made a significant contribution to the America Pac this month. However, the precise amount was not disclosed in yesterday’s filings.
These reports stem from sources close to Musk, who is recognized as one of the wealthiest individuals globally, with an estimated fortune of $252 billion.
Should Musk proceed with these contributions, it would represent a remarkable financial input in political fundraising, highlighted as one of the largest donations of the 2024 cycle to date.
This follows another major contribution of $50 million by “by the great-grandson of banker Thomas Mellon” to a pro-Trump Super Pac.
The America PAC, which launched this summer, has also received support from figures in the tech industry, including Palantir co-founder Joe Lonsdale, former Tesla board member Antonio Gracias and Sequoia Capital partner Doug Leone.
The three of them have donated $1 million to the Trump-aligned Super PAC.
Additionally, other significant figures have made donations to Trump’s campaign, including Sequoia Capital investor Shaun Maguire and Peter Thiel, who is a significant donor to Trump’s vice-presidential pick, JD Vance (R-OH).
Moreover, the Winklevoss twins have also backed this initiative, contributing with half a million dollars, as they praised Trump in June as “pro-Bitcoin, pro-crypto, pro-business.”
The twins are notable figures in the cryptocurrency arena who have criticized Joe Biden for his regulatory stance on cryptocurrency,
According to recent reports, America PAC’s purpose is to emulate Democratic party strategies by enhancing Republican voter turnout efforts in key swing states.
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