South African billionaire Elon Musk dropped more than $250 million on the 2024 election in a successful bid to elect Donald Trump as president, according to filings with the Federal Election Commission that were made public Thursday.
Musk, a Pentagon contractor and CEO of Tesla, spent the majority of his money on contributions to his own America PAC: $239 million, per The New York Times, including $75 million in the final weeks of the race. That is the same PAC that Musk used to give away $1 million to various Trump voters in a scheme that appeared to run afoul of federal election laws, which prohibit cash payments as an incentive to cast a ballot (no enforcement action was taken by the Biden administration).
