(MENAFN- Live Mint) With less than a month remaining for the US elections 2024, Republican nominee Donald Trump's presidential campaigns are in full swing. From million-dollar donations by Tesla CEO Elon Musk and Silicon Valley venture capitalists to 'creative accounting strategies' and television ads, the former US President's accounts ahead of the presidential polls reveal an intricate network.
Mint brings to you a look at who paid how many millions.
$75 million from Tesla CEO Elon Musk
Donald Trump's biggest endorsee, Elon Musk, donated $75 million( ₹555 crore) to pro-Trump America Political action committee (PAC) over a period of three months, reported Reuters. Founded by the Tesla CEO, America PAC received the highest donation compared to other pro-Trump groups.
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Venture capitalists Marc Andreessen and Ben Horowitz of the Andreessen Horowitz company in Silicon Valley each donated $2.5 million to Right for America PAC, stated a Bloomberg report citing the latest filings by the Federal Election Commission. Andreessen also gave an additional $844,600 - the federal limit - to Trump's campaign and the Republican Party, marking a total donation of over ₹21 crore.
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In addition, the Right for America's biggest backers, Isaac Perlmutter, the former chairman of Marvel Entertainment , and their wife, Laura Perlmutter, contributed $25 million. According to a Bloomberg report, Apollo Global Management LLC CEO Marc Rowan also gave $1 million.
$72 million in swing states
Right for America and America PAC are both pro-Trump super PACs that focus most of their spending in the swing states of Arizona, Georgia, and Pennsylvania. According to Bloomberg, America PAC spent around $72 million in the swing states during July-September 2024.
Only 11 people on payroll
As millions of donations pour in for Donald Trump , the Republican's accounting strategies also call for a close watch. As of August 2024, Trump had only 11 people on his campaign committee. This fraction is less than 25 per cent compared to the 200 people Trump had in 2020.
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