Trump campaign receives $50 million donation from billionaire Timothy Mellon
- Conservative billionaire Timothy Mellon donated $50 million to the Trump campaign, outspending President Joe Biden's campaign.
- The donation came after former President Trump was found guilty in a hush money trial.
- This significant boost in funding highlights the financial strength of the Trump campaign.
Billionaire Timothy Mellon donated $50 million to a super PAC supporting Donald Trump, making it the largest individual contribution of the 2024 election season. This donation helped Trump's campaign outraise President Joe Biden in May. Mellon's contribution was part of a major influx of funding that led to the Trump campaign and the Republican National Committee raising $141 million, compared to the $85 million raised by the Biden campaign and the Democratic National Committee. The Mellons are heirs to one of the oldest-continuing fortunes in American history, dating back to 1841. In addition to Mellon's donation, other billionaires like Liz and Dick Uihlein also contributed to the super PAC. Trump's fundraising efforts seemed to dwarf Biden's for the month of May, with the former president's campaign receiving significant donations even after his legal troubles. Overall, the Trump campaign had more cash on hand than Biden's at the end of May. Timothy Mellon, who is worth an estimated $14.5 billion, has also been a major donor to other political causes, including supporting independent presidential candidate Robert F Kennedy Jr. Super PACs like 'MAGA Inc' play a significant role in financing election campaigns, as they can raise unlimited amounts of money to support candidates. The Mellons' substantial contribution highlights the influence of wealthy donors in American politics and the competitive fundraising landscape of the 2024 election season.