The political committee of American billionaire Elon Musk spent about $200 million to support the election campaign of Republican Donald Trump, who won the 2024 US presidential election.
Musk’s committee spent about $200 million to help Donald Trump win the election.
It is emphasized that Musk’s committee sought to influence voters who either choose not to go to the polls or are voting for the first time in their lives.
ABC reported that Elon Musk is becoming one of the key figures in the formation of the future administration of Donald Trump. Since the recent US elections, Musk has been elected head of state’s estate in Mar-a-Lago, Florida almost daily, thereby directly influencing personnel decisions.
According to AP, The plan worked for both sides. Trump saw key turnout surges in battleground states, and at the end of the campaign, the president-elect credited Musk’s role in the race. “We have a new star,” Trump said at his election night party in Florida. “A star is born — Elon!”
The American television channel CNN reported that Musk would not hold a position in the new Trump administration, but his influence on the president-elect continues to increase.
According to Fortune, Musk’s personal wealth gain—$30 billion in one day—was his third-largest single-day increase ever, pushing his fortune to $270.3 billion, and widening the gap between him and the world’s second-richest man, Jeff Bezos, by $61 billion. Tesla’s stock, which accounts for three-quarters of Musk’s net worth, has been the driving force behind his extraordinary financial rise, though his stakes in SpaceX, social media platform X, and AI venture xAI have also contributed.
