Trump’s super PAC in powerful financial position with nearly $200 million on hand
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Diverging Reports Breakdown
Trump’s super PAC in powerful financial position with nearly $200 million on hand
President Donald Trump’s super PAC has raised nearly $200 million in the first half of the year. The money is being used to help elect Republicans to the U.S. House of Representatives and the Senate. The PAC is led by Tesla CEO Elon Musk, who donated $5 million on June 27. The group also has $25 million from Texas-based energy company Energy Transfer Partners, which is backing Trump’s re-election.
President Donald Trump’s super PAC raised $177 million during the first half of the year and entered July with nearly $200 million in available cash to help shape the 2026 midterm elections.
The war chest held by Trump’s organization, MAGA Inc., is unrivaled for a president who cannot seek another term in office, and it reflects the aggressive fundraising by Trump and his team since he’s returned to office.
Donors included billionaire Wall Street trader Jeffrey Yass at $16 million; cosmetic heir Ronald Lauder, who donated $5 million; and Silicon Valley investor Marc Andreessen, who gave $3 million.
Tesla CEO Elon Musk wrote a $5 million check on June 27, the same day he made $5 million donations each to two super PACs aimed at helping Republicans retain their US House and Senate majorities. Just three days later, Musk and Trump reignited their feud over the president’s policy megabill, which Musk criticized as “insane.”
MAGA Inc.’s filings late Thursday with the Federal Election Commission also show corporate interests writing big checks to back Trump’s political ambitions.
They include a total of $25 million from Texas-based pipeline company Energy Transfer and its executive chairman Kelcy Warren, and $5 million from UnitedHealthCare.
The $196 million in MAGA Inc.’s cash reserves far exceeds what other super PACs active in Republican politics had available at the end of June and positions Trump to have an outsize influence on GOP primaries.
Rep. Thomas Massie speaks to reporters following a series of votes at the US Capitol on March 11 in Washington, DC. Anna Moneymaker/Getty Images
A group affiliated with MAGA Inc., already has begun to spend heavily against Kentucky Rep. Thomas Massie, who opposed the president’s domestic policy legislation and has bucked him on foreign policy.
CNN’s Alex Leeds Matthews contributed to this report.
Source: https://www.cnn.com/2025/08/01/politics/trump-maga-inc-fundraising