Washington D.C. – Donald Trump’s presidential campaign received a significant financial boost of $50 million from conservative billionaire Timothy Mellon, according to a federal filing released on Thursday. The Super-Pac fund, named “MAGA Inc,” reported receiving over $68 million in donations last month through the Federal Election Commission.
Reports from Reuters indicated that Mellon, an heir to the Mellon banking family in Pittsburgh, contributed $50 million to the fund, with an additional $10 million coming from Liz and Dick Uihlein, also billionaires. The contribution from Mellon came just a day after Trump faced 34 charges of falsifying business records in his New York hush-money trial.
Super-Pacs, like “MAGA Inc,” are independent political action committees that can gather unlimited funds to support political candidates. Mellon’s generous donation has allowed pro-Trump allies to outspend President Joe Biden’s supporters in recent campaign efforts.
Mellon, known to be a resident of Wyoming and a private individual, is an amateur pilot with interests and leadership roles in transportation companies. Forbes estimates the Mellon family’s wealth to be approximately $14.1 billion.
In a separate report, billionaire Mike Bloomberg reportedly contributed nearly $20 million to Super-Pacs supporting Joe Biden’s presidential campaign. Bloomberg’s donations included $19 million to a pro-Biden independent group known as Future Forward or FF PAC, along with $900,000 to the Biden Victory Fund.
On Thursday, the Super-Pac supporting Robert F. Kennedy Jr. announced raising around $280,000 in donations last month, with no contributions reported from Mellon. This recent surge in financial support from wealthy individuals reflects the ongoing influence of money in American politics.