The world’s richest man, Elon Musk spent a complete of greater than $290 million on the 2024 election, new federal filings present, serving to Donald Trump and Republicans to achieve energy.
The year-end filings coated the ultimate 5 weeks of the yr.
Trump’s previous marketing campaign committee regardless of being term-limited — hauled in almost $21 million within the interval. In the meantime, a high allied tremendous PAC acquired a number of million-dollar contributions, together with $1 million from the administration’s nominee for ambassador to the UK, on the day he was tapped to serve.
The Democratic Nationwide Committee additionally spent closely within the weeks following the celebration’s losses in 2024, dropping greater than $56 million settling headquarters bills, paying authorized charges, and soliciting its voters’ suggestions and funds.
The brand new filings with the Federal Election Fee on Friday, January 31, confirmed that Musk put about $11.2 million into his essential tremendous PAC, America PAC, on the ultimate day of the yr which introduced his whole political giving for the cycle to greater than $290 million, a large sum rivalled by solely a handful of competing mega-donors.
Musk’s end-of-the-year contributions had been earmarked for “petition incentives,” associated to the million-dollar giveaways that he organized by the tremendous PAC within the dwelling stretch of the race. These giveaways aimed toward encouraging voter registration. The transfer drew authorized challenges, although they had been finally allowed to proceed.
The newest submitting from Musk’s tremendous PAC reveals that the giveaways price him a complete of greater than $50 million, out of the greater than $290 million that he spent on the 2024 election.
Musk’s donations in 2024 had been principally aimed toward supporting Trump; a couple of quarter of a billion {dollars} that he gave went to America PAC, the principle tremendous PAC that Musk shaped for the election.
Musk additionally gave thousands and thousands to a number of different tremendous PACs and out of doors teams that supported a variety of GOP candidates, and he lower $10,000 checks to dozens of state Republican Get together committees.
The report additionally revealed how after the election, Trump transformed his 2024 marketing campaign account right into a management PAC, a sort of committee with which he can proceed to lift and spend funds for political functions. The committee, now referred to as By no means Give up, reported almost $21 million in whole receipts throughout the closing 5 weeks of the yr.
