- As the 2024 race heats up, Trump has gained support from billionaires and wealthy business leaders.
- Elon Musk and a handful of Silicon Valley elite are among those rallying around the former president.
- Here are some of Trump’s richest donors and how much they’ve contributed to the 2024 campaign.
As former President Donald Trump seeks a second term in the White House, he’s increasingly turning to billionaires to power his campaign.
Some of them are longtime associates and supporters — true believers who know the former president from his days in the business world — while others are relative newcomers, such as longtime GOP megadonors who backed his 2024 rivals or even previously supported Democrats.
The backers represent diverse industries, from traditional red-state oil titans like Harold Hamm to formerly left-leaning Silicon Valley elite like Elon Musk and Marc Andreessen.
Each lists different reasons for their choice: Some take issue with Kamala Harris’ tax plans, while others prefer Trump’s tough stance on immigration.
“I share the concern of most Americans that our economic, immigration and foreign policies are taking the country in the wrong direction. For these reasons, I am planning to vote for change and support Donald Trump for President,” Blackstone CEO Steve Schwarzman said in a statement to Axios.
In 2022, the finance billionaire had said he would not support Trump in the primary and called on “the Republican Party to turn to a new generation of leaders.”
Here are some of the richest and most notable billionaires contributing to Trump’s 2024 campaign, including to his “Trump 47” joint fundraising committee, which splits proceeds between the Trump campaign and the Republican National Committee, and the MAGA Inc. super PAC.
