Billionaires Fund Trump's Super PAC for 2024 Election

In a significant boost to the 2024 presidential race, financier and philanthropist Mellon has made headlines with a substantial $50 million donation to Make America Great Again Inc. (MAGA Inc.), the super PAC backing former President Donald Trump. This follows an earlier $50 million contribution in May, bringing Mellon's total political donations this cycle to over $150 million. Reports from the Federal Election Commission reveal that Mellon's contributions accounted for a large portion of the $54 million raised by MAGA Inc. in July, leaving the super PAC with a robust $124 million in its coffers. On the Democratic side, FF PAC, which supports President Joe Biden and Vice President Kamala Harris, has also seen significant financial backing. Notably, former New York City Mayor Mike Bloomberg contributed $20 million to FF PAC in May and recently directed $10 million to the House Majority PAC, marking his first donation to this group this election cycle. The House Majority PAC is focused on regaining control of the House of Representatives and has expressed gratitude for Bloomberg's ongoing support. The political landscape is increasingly influenced by these large donations, which are crucial for campaign strategies. However, the timing and motivations behind such contributions can be complex, and it remains uncertain if recent political debates have impacted these financial decisions. As the election approaches, the role of super PACs and their financial backers will be pivotal in shaping the outcomes of key races.