Businessman, investor and tech magnate Elon Musk has introduced his intention to donate roughly $45 million every month to a brand new fund aimed toward supporting Donald Trump’s bid for the US presidency.
This disclosure was reported by the Wall Avenue Journal on Monday.
In keeping with the report, Musk’s monetary contributions can be directed to a political group named America PAC, which is devoted to enhancing voter registration, early voting, and mail-in ballots in key swing states in preparation for the November 2024 election.
Sources accustomed to the event mentioned Musk is amongst a number of distinguished backers of the fund that embrace notable supporters like Palantir’s co-founder, Joe Lonsdale; former US Ambassador to Canada, Kelly Craft; and cryptocurrency traders, Tyler and Cameron Winklevoss.
LEADERSHIP recollects that the Tesla CEO formally endorsed Trump’s candidacy final Saturday, following the incident the place the previous president survived an assassination try at a political rally in Butler, Pennsylvania.
Musk expressed his help on the social media platform X, which he acquired in 2022, stating, “I absolutely endorse President Trump and hope for his fast restoration.”
With an estimated internet price of $250 billion, Musk, the wealthiest particular person globally, has develop into more and more aligned with Trump all through the 2024 election cycle.
In March, Musk and Trump had an in-person assembly throughout a donor breakfast on the Florida residence of billionaire Nelson Peltz.
Regardless of particular person marketing campaign donations within the US being capped at $3,300 per particular person, the marketing campaign finance system permits for substantial contributions by way of political motion committees (PACs). These PACs can obtain limitless funds from mega-donors to help their most well-liked candidates.
Apparently, Trump has altered his stance on mail and absentee voting.
Initially important of those voting strategies however he has since shifted his perspective, recognising the benefit they supply to Democratic voters.
