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Reading: Elon Musk Commits $45 Million Monthly to Support Trump’s Presidential Campaign
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Donald Trump, Elon Musk
PhotoNews Pakistan > Top News > Elon Musk Commits $45 Million Monthly to Support Trump’s Presidential Campaign
Top NewsWorld

Elon Musk Commits $45 Million Monthly to Support Trump’s Presidential Campaign

Web Desk
By Web Desk Published July 16, 2024 2 Min Read
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Donald Trump (Photo Credits: Rbecca Blckwell / AP), and Elon Musk (Richard Bord / Wire Image)
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Elon Musk, the world’s wealthiest individual with an estimated net worth of $250 billion, has pledged approximately $45 million monthly to support Donald Trump in the 2024 US presidential election.

The Wall Street Journal reported that the funding will support America PAC, a political group promoting voter registration and early voting in swing states.

Musk’s endorsement of Trump followed after the former president survived an assassination attempt at a rally in Butler, Pennsylvania. Musk stated, “I fully endorse President Trump and hope for his rapid recovery,” on the social media platform X, which he acquired in 2022.

I fully endorse President Trump and hope for his rapid recovery pic.twitter.com/ZdxkF63EqF

— Elon Musk (@elonmusk) July 13, 2024

Several notable figures are joining Musk in backing this initiative, including Palantir co-founder Joe Lonsdale, former US ambassador to Canada Kelly Craft, and cryptocurrency investors Tyler and Cameron Winklevoss.

Musk and Trump have demonstrated a growing camaraderie throughout the election cycle, highlighted by a meeting at a donor event in Florida hosted by billionaire Nelson Peltz.

While individual campaign donations are limited to $3,300 in the United States, political action committees (PACs) provide a mechanism for significant electoral contributions. This approach enables political mega-donors like Musk to exert substantial influence.

Interestingly, Trump, who previously criticized mail and absentee voting, has moderated his views, recognizing the Democratic advantage among mail-in voters.

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