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Elon Musk Donates $75 Million to Support Donald Trump's Campaign

Photo : AFP

Billionaire Elon Musk has made a significant financial commitment to support Donald Trump's presidential campaign, donating nearly $75 million to the political action committee (PAC) he established, known as America PAC. This donation reflects Musk's growing involvement in Trump's campaign efforts, as reported in filings submitted to the Federal Election Commission on Tuesday.

Musk, who is widely regarded as the world's richest man, has increasingly taken on a visible role in Trump's campaign. Recently, he shared the stage with the former president at a rally in Pennsylvania and has frequently criticized Trump's opponent, Vice President Kamala Harris, through his social media platforms.

Trump has also acknowledged Musk's support during his rallies, often mentioning him by name. The former president has pledged to include Musk in a committee aimed at reducing government bureaucracy, signaling a closer relationship between the two.

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Polls indicate that Trump and Harris are in a tight race for the presidency, with the election outcome still uncertain. Musk's America PAC raised $74.95 million for Trump's campaign between July 1 and September 30. The PAC's focus has been on mobilizing grassroots efforts to encourage voter turnout, particularly in crucial battleground states like Pennsylvania, which are pivotal to the overall election results.

To incentivize participation, America PAC offers individuals who sign up for voter turnout initiatives $30 per hour, along with performance bonuses. Musk has previously indicated a willingness to pay $47 to anyone who can get a registered voter in swing states to sign a petition supporting free speech and gun rights.

Musk's endorsement of Trump came after the Republican candidate survived an assassination attempt in July, further solidifying Musk's allegiance to Trump's cause.

In contrast, Vice President Harris's political action committee, the Harris Victory Fund, raised a staggering $633 million during the same reporting period. Harris's campaign gained momentum following the withdrawal of President Joe Biden from the race, attributed to a poor debate performance against Trump in July. Since then, she has energized the Democratic base and conducted an extensive campaign across the nation, particularly in battleground states. The year-to-date receipts for her PAC have approached a billion dollars, totaling approximately $931.2 million.

Oct. 17, 2024 11:49 a.m. 491

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