Elon Musk spent over a quarter of a billion dollars to help Donald Trump win November’s presidential election, according to new filings, underscoring the influence one of the world’s wealthiest people had on this year’s White House race.

The billionaire owner of electric car maker Tesla and SpaceX gave $259 million to groups supporting Trump’s 2024 campaign, according to new Federal Election Commission filings released late on Thursday.

The huge donations made Musk one of the biggest underwriters of a presidential campaign in U.S. history, helping him to become a powerful political ally of Trump and someone who now plays a key role in shaping the incoming Republican administration’s policy agenda.

  • WoahWoah@lemmy.world
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    6 days ago

    Yes, he spent the equivalent of ~$105 if you make $100,000/year. If you make $100,000, spending $100 to buy the government? You’d be dumb not to.

      • asdfasdfasdf@lemmy.world
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        5 days ago

        Id argue the bigger issue is that money has the ability to influence politics at all. We need to remove it completely.

    • jonne@infosec.pub
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      5 days ago

      And it’s a fraction of what his corporations received from the federal government in various grants, contracts and subsidies. I’m sure he’ll earn all of that back when his government efficiency office privatises everything to companies he runs.

  • vegeta@lemmy.world
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    6 days ago

    which is .074% of his net worth. Bought himself a good 4+ year return.

    250000000/337300000000*100

  • EndOfLine@lemmy.world
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    6 days ago

    Elon Musk could lose, spend, and / or give away 99% of his net worth and still be a multi-billionaire.

  • Flying Squid@lemmy.world
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    5 days ago

    Pretty much pocket change for him. We allowed people to get so wealthy that they can buy their way into power wherever and whenever they want and they are reaping the benefits writ large.

  • tate@lemmy.sdf.org
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    6 days ago

    And now he’s in charge of directing government funds to his companies (for “efficiency”).

    Swamp drained!!

  • Phoenixz@lemmy.ca
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    5 days ago

    Lovely how so many lefties bought Tesla’s, which means that indirectly they funded Trump’s election

    Lovely how any of that shitbis legal