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.
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.
Which is why billionaires shouldn’t be a thing.
Id argue the bigger issue is that money has the ability to influence politics at all. We need to remove it completely.
which is .074% of his net worth. Bought himself a good 4+ year return.
250000000/337300000000*100
Musk is worth about $234bn, so it’s closer to 0.001% of his net worth
Elon Musk could lose, spend, and / or give away 99% of his net worth and still be a multi-billionaire.
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.
And apparently made $100bn. So, that’s a decent ROI!
https://lemmy.world/post/22871743More importantantly he bought Twitter.
I’m not clicking that. What’s the story? He did the thing he said he was doing?
