Elon Musk Is Now Trump’s 2nd-Biggest Financial Backer: Donates Nearly $120 Million To Super PAC

Forbes Daily Briefing

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4.6 • 12 Ratings

🗓️ 31 October 2024

⏱️ 5 minutes

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Summary

The billionaire Tesla CEO has now spent more than $118 million bankrolling his America super PAC while becoming one of Trump’s most prominent supporters. Meanwhile, his $1 million offers to voters are drawing legal scrutiny.

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0:00.0	Here is your Forbes daily briefing for Thursday October 31st.
0:05.0	Today on Forbes, Elon Musk is now Trump's second biggest financial backer,
0:11.0	donates nearly $120 dollars to Super PAC.
0:15.0	Billionaire Elon Musk gave another 43.6 million dollars through October 16th
0:21.0	to his America PAC that's helping to elect former President Donald Trump.
0:25.0	This according to federal filings as the Tesla CEO has now spent more than
0:30.0	$118 million dollars bankrolling the Superpack, while becoming one of Trump's most prominent supporters.
0:37.0	Musk has now surpassed Miriam Adelson to become the second largest individual pro-Trump donor this election cycle, the New York
0:44.1	Times notes, after billionaire Timothy Mellon, who was given $150 million so far to aid
0:50.3	the ex-president.
0:52.2	The donations are to independent super PACs,
0:54.3	not the Trump campaign itself.
0:57.2	Musk gave $43.6 million to America PAC
1:00.3	between October 1st and 16th,
1:02.5	according to filings with the Federal Election Commission,
1:05.2	which will be the last time the Super PACs's donations
1:07.8	are publicly reported before Election Day.
1:10.5	That comes on top of $75 million, Musk already gave America Pack through September 30th,
1:17.0	and his money makes up nearly all of the $130.3 million the Super PAC has raised overall.
1:24.0	America PAC has generated controversy in recent weeks for giving away $1 million each day
1:29.2	to a randomly selected swing state voter who's signed a petition on the group's website.
1:33.7	A plan that was announced the Saturday after the deadline for this FEC filing,
	...

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