Elon Musk pledges $60M monthly to bolster Trump's campaign
Elon Musk said that he intends to donate approximately $60 million monthly to America PAC, a group supporting Donald Trump's presidential campaign, wrote the "Wall Street Journal" on Tuesday. This will be one of the largest donations from an individual in an American campaign.
Other new technology industry investors financially support the America PAC group. Among the donors are brothers Cameron and Tyler Winklevoss, recently known for their investments in cryptocurrencies and previously known for accusing Facebook founder Mark Zuckerberg of stealing their idea for a social networking site. Donors include former Tesla director Antonio Gracias and Douglas Leone, a partner in the well-known Silicon Valley private equity firm Sequoia Capital.
The group, which raised $12 million in June, intends to focus on activities in so-called swing states, where the Republican candidate sometimes wins in elections, and other times the Democratic candidate. It will encourage Republican Party supporters to register as voters and to strive for the right to vote by mail.
Musk counts on Trump
The largest known donation for the current election campaign so far is a $66 million donation from Tim Mellon, heir to the founders of Mellon Bank, to Trump’s support.
In March, Musk, whose wealth is estimated by Forbes at $346 billion, stated that he would not financially support any candidate in the presidential election. After Saturday's attack on Trump, he publicly declared his support for him - reminded the AFP agency.
Elon Musk does not hide his support for Trump. For several days, he has been regularly posting entries about the Republican candidate for the White House on his profile on X and praising his decisions, including announcing J.D. Vance as the candidate for the vice-presidency.
