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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.

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[-] intresteph@discuss.online 41 points 2 weeks ago

Elon is a CEO… just saying.

[-] normalexit@lemmy.world 27 points 2 weeks ago* (last edited 2 weeks ago)

I really hope he doesn't threaten to gut people's retirement funds and gets shot for it. That would be terrible.

[-] intresteph@discuss.online 7 points 2 weeks ago* (last edited 2 weeks ago)

Oh I know, getting shiot would just be totally ^not^ necessary.

[-] normalexit@lemmy.world 5 points 2 weeks ago

(I curse a lot so "shot" got autocorrected to shit. Then I tried to fix it on my mobile. I got there eventually!)

[-] intresteph@discuss.online 5 points 2 weeks ago

Oh I thought you were being sneaky ;)

[-] WoahWoah@lemmy.world 35 points 2 weeks 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.

[-] DrDeadCrash@programming.dev 25 points 2 weeks ago

Which is why billionaires shouldn't be a thing.

[-] asdfasdfasdf@lemmy.world 4 points 2 weeks 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 9 points 2 weeks 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 24 points 2 weeks ago* (last edited 2 weeks ago)

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

250000000/337300000000*100

[-] Chainweasel@lemmy.world 1 points 2 weeks ago

Musk is worth about $234bn, so it's closer to 0.001% of his net worth

[-] EndOfLine@lemmy.world 18 points 2 weeks ago

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

[-] tate 13 points 2 weeks ago* (last edited 2 weeks ago)

And now he's in charge of directing government funds to his companies (for "efficiency").

Swamp drained!!

[-] FlyingSquid@lemmy.world 9 points 2 weeks 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.

[-] towerful@programming.dev 8 points 2 weeks ago

And apparently made $100bn. So, that's a decent ROI!
https://lemmy.world/post/22871743

[-] finitebanjo@lemmy.world 7 points 2 weeks ago

More importantantly he bought Twitter.

[-] Zier@fedia.io 6 points 2 weeks ago

So can we find the people he paid to vote for fat donnie?

[-] phoenixz@lemmy.ca -1 points 2 weeks 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

[-] blazeknave@lemmy.world -2 points 2 weeks ago

I'm not clicking that. What's the story? He did the thing he said he was doing?

this post was submitted on 06 Dec 2024
207 points (98.6% liked)

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