Elon Musk and other billionaires invest staggering sums into electing Trump
Some of the world’s wealthiest figures – led by conservative donor Miriam Adelson and tech billionaire Elon Musk – have funneled tens of millions of dollars into political groups in recent months to boost Donald Trump’s White House bid, new reports filed Tuesday with federal regulators show.
Musk, the world’s richest person, gave nearly $75 million to a pro-Trump super PAC that he helped form over the summer – a massive cash infusion aimed at helping turn out voters in key battleground states. Adelson, a staunch Trump backer and heir to a casino fortune, gave even more, plowing $95 million into another outside group backing the former president, according to filings with the Federal Election Commission covering the three months ended September 30.
Altogether, just three billionaires – Musk, Adelson and Midwestern packaging magnate Richard Uihlein – donated roughly $220 million in a three-month period to groups backing the Republican’s candidacy.
Their staggering donations underscore the crucial role that a handful of billionaire megadonors are playing in Trump’s efforts to edge past his Democratic rival, Vice President Kamala Harris, as their race has intensified. [Continue reading…]