The world’s richest person has donated more than $445 million this election cycle, with millions going towards key Senate races and efforts to help Republicans win. Elon Musk is pouring hundreds of millions of dollars into the US midterm elections , giving Republicans a major financial boost ahead of November’s vote.
The money is meant to help elect Republicans in the November midterm elections . These are projected to be the most expensive elections ever. Musk is the world’s richest person. His giving puts him well ahead of other big donors, including George Soros, Jeffrey Yass and Richard Uihlein. They show that Musk’s donations helped widen the big money gap that Republicans have had over Democrats. Musk’s businesses have major operations there. This money has been a lifeline for Paxton, who has struggled to raise money after a hard primary fight with Senator John Cornyn.
Musk put $77 million into America PAC in the first two weeks of October, as per Federal Election Commission (FEC) filings, according to Bloomberg. It puts his net worth at about $906 billion, according to the Bloomberg Billionaires Index. The Republican Party, its congressional super PACs and President Donald Trump’s MAGA Inc. have raised $2.1 billion through October 14. Democrats’ matching committees have raised $1.4 billion. The PAC has spent $33.1 million in the Senate race between Paxton and Talarico.
The late Thursday filings give a final look at fundraising before Election Day, according to Bloomberg. Texas is where America PAC has spent the most, according to Bloomberg.
