US ELECTION 2024
Who’s backing Trump’s campaign? Discover the powerful companies funding his candidacy
The Republican Party has raised less funds than the Democrats despite having started the campaign earlier.
For these United States elections on November 5, we are experiencing one of the most intense electoral campaigns ever remembered. In addition to the obvious investment in time, effort, strategy and team, preparing an electoral campaign as a candidate for the presidency of the United States is not cheap.
According to the government transparency and research center Open Secrets, the electoral race for this election will be the most expensive in history. The stakes are high, and if there is one thing that makes it easier to obtain good results, it is financial investment, which largely comes from some of the most influential people today.
Donald Trump's fundraising
Even though Kamala Harris started her campaign later than Donald Trump, she has managed to raise more funds than the Republican. Still, data from the Federal Election Commission indicate that the Republican Party has raised just under $900 million.
However, some of its financing has been somewhat controversial, and the legality of some of its supporters, such as Elon Musk, is in doubt.
Who finances Donald Trump
According to Open Secrets, the list of Trump’s main donors in the 2024 election campaign is headed by the PACs of the organizations, which includes individual members, employees, subsidiaries, affiliates, and a long etcetera, and which receive donations, in many cases secret, from billionaires.
Thus, the organizations that have provided the most funding to the Republican Party are some of those that Trump himself represents: Donald J Trump for President 2024, Make America Great Again Inc, America PAC (Texas), Preserve America PAC, Save America, etc. In addition, American Airlines, Boeing or Walmart are some of the most internationally recognized companies that support Trump financially.
As for specific names, it’s hard to know exactly which billionaires have contributed to Trump’s campaign and which haven’t because many support him with dark money. Among the most prominent is Elon Musk, having contributed approximately $75 million to America PAC, a political action committee he founded, between early July and late September. Another significant investor is businessman Timothy Mellon who has publicly donated $50 million.
There are also many donations that cannot be fully confirmed. For example, former Marvel Entertainment chairman Isaac Perlmutter has been linked to Trump, and he and his wife Laura are known to have given at least $21 million to America First Action Inc in 2020, but the exact total is not known.