Billionaire Elon Musk has announced he will donate $45 million a month to a new super political-action committee supporting former President Donald Trump’s reelection campaign.
The Tesla founder indicated that he planned to start his donations in July to the America PAC, which backs former President Donald Trump’s presidential run, according to the Wall Street Journal. However, the South Africa-born businessman was not listed on a Monday filing by the group, which shows it has raised more than $8 million.
The super PAC, formed in late May, has received contributions from other high-profile entrepreneurs, including Palantir co-founder Joe Lonsdale and crypto billionaires Cameron and Tyler Winklevoss, the filing showed.
Lonsdale donated $1 million to America PAC through Lonsdale Enterprises, an entity linked to the tech investor, multiple outlets reported.
The Winklevoss twins each donated $250,000 to the super PAC, the FEC filing showed.
Musk remains the only Fortune 100 CEO to fully endorse a candidate in the 2024 presidential race.
The SpaceX CEO announced his endorsement for Trump following an assassination attempt at a rally in Butler, Pennsylvania, on Saturday.
“I fully endorse President Trump and hope for his rapid recovery,” Musk wrote on X Saturday while sharing a video of the moment after a bullet struck Trump’s right ear.
I fully endorse President Trump and hope for his rapid recovery pic.twitter.com/ZdxkF63EqF
— Elon Musk (@elonmusk) July 13, 2024
Musk has stated that he previously voted for Democratic candidates, including President Joe Biden, in the past three election cycles. However, in recent years, the tech mogul has expressed frustration with Democratic policies such as Biden’s ongoing support for labor unions and his decisions regarding immigration and the border.
