Elon Musk plans to allocate $45 million monthly to the election campaign of US presidential candidate Donald Trump. This is written by The Wall Street Journal with reference to own sources.
According to people familiar with the donations, the billionaire plans to send the money to the pro-Trump America PAC, which is known to pay for a range of campaign services to reach voters.
According to the data ForbesElon Musk is the richest person on the planet. His fortune is estimated at $252.3 billion.
According to media reports, Trump was publicly supported with donations by Palantir Technologies co-founder Joe Lonsdale, former US Ambassador to Canada Kelly Craft and her husband Joe Craft, who heads Alliance Resource Partners.
Earlier, Donald Trump received $2 million from the Winklevoss brothers. The entrepreneurs transferred 15.47 BTC to Donald Trump’s fund, which is equivalent to $1 million at the time of the transaction.
Another person who supported Trump with a crypto donation was Kraken exchange co-founder Jesse Powell. He transferred $1 million in crypto assets, mainly Ethereum.
Elon Musk’s Reaction
In response to the WSJ’s statement about his support for Trump, Musk posted a meme with the words “Fake Gnus” debunking the rumors.
— Elon Musk (@elonmusk) July 16, 2024
Meanwhile, according to journalists, Musk and Trump have developed a friendly relationship. They have communicated frequently in recent months, and the owner of the social network X (formerly Twitter) helped organize a project to prevent election fraud. In addition, the entrepreneurs discussed a possible advisory role for Musk in the Trump administration, but the billionaire denied this.
On July 13, 2024, an assassination attempt was made on the former US President. Elon Musk expressed support for Donald Trump and wished him a speedy recovery.
Stay up to date! Subscribe to World Stock Market on Telegram.
Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.
