Media Report: Musk Shelled Out $260 Million on Trump
The entrepreneur has allegedly become a significant figure within the circle of the US president-elect. Read Full Article at RT.com
TroibNews 
Elon Musk, the world's richest individual, has reportedly become a significant figure within the orbit of the US president-elect, Donald Trump. Recent filings with the Federal Election Commission reveal that the entrepreneur has spent at least $260 million in support of Trump's re-election campaign, according to various media sources, including the Washington Post. Musk, who leads Tesla and SpaceX, has gained prominence as a major Republican donor and a key member of Trump's inner circle.
Out of the total amount, around $238 million was allocated to America PAC, a political action committee Musk established this year, as reported by CNN. In addition, he contributed $20.5 million to RBG PAC and $3 million to the MAHA Alliance, benefiting other groups in support of Trump.
The Washington Post highlighted that Musk designated $232 million in support of Trump and various Republican candidates leading up to the election. Following the election and up until November 25, he contributed an additional nearly $45 million to America PAC, bringing his total political spending to at least $277 million.
After Trump's election success, Musk was appointed as his government efficiency adviser. He will lead a newly created Department of Government Efficiency, or DOGE, which aims to reduce government spending. The billionaire has committed to auditing the entire US government with the goal of cutting expenditures by as much as $2 trillion.
Musk's growing influence has led some media outlets and conservatives to refer to him as the "co-president of the United States" and "the Soros of the right," a comparison to billionaire investor and prominent liberal donor George Soros.
As of December 6, Musk is recognized as the richest person in the world according to the Bloomberg Billionaires Index, with an estimated net worth of $362 billion. Meanwhile, shares of Tesla, his electric vehicle company, have surged by 80% over the past month, putting the company in a favorable position to benefit from a more streamlined regulatory environment for self-driving cars under the upcoming Trump administration.
Navid Kalantari for TROIB News
Out of the total amount, around $238 million was allocated to America PAC, a political action committee Musk established this year, as reported by CNN. In addition, he contributed $20.5 million to RBG PAC and $3 million to the MAHA Alliance, benefiting other groups in support of Trump.
The Washington Post highlighted that Musk designated $232 million in support of Trump and various Republican candidates leading up to the election. Following the election and up until November 25, he contributed an additional nearly $45 million to America PAC, bringing his total political spending to at least $277 million.
After Trump's election success, Musk was appointed as his government efficiency adviser. He will lead a newly created Department of Government Efficiency, or DOGE, which aims to reduce government spending. The billionaire has committed to auditing the entire US government with the goal of cutting expenditures by as much as $2 trillion.
Musk's growing influence has led some media outlets and conservatives to refer to him as the "co-president of the United States" and "the Soros of the right," a comparison to billionaire investor and prominent liberal donor George Soros.
As of December 6, Musk is recognized as the richest person in the world according to the Bloomberg Billionaires Index, with an estimated net worth of $362 billion. Meanwhile, shares of Tesla, his electric vehicle company, have surged by 80% over the past month, putting the company in a favorable position to benefit from a more streamlined regulatory environment for self-driving cars under the upcoming Trump administration.
Navid Kalantari for TROIB News
