Trump's political action committee holds significant financial strength, possessing nearly $200 million in available funds.
In the lead-up to the 2026 midterm elections, Donald Trump's super PAC, MAGA Inc., has amassed a substantial war chest. For the first half of 2025, MAGA Inc. raised an impressive $177 million and had nearly $200 million in cash reserves by July[1][3].
The influx of funds has come from a variety of sources. Major donations include:
- Jeffrey Yass, a billionaire Wall Street trader, donated $16 million.
- Ronald Lauder, a cosmetic heir, contributed $5 million.
- Marc Andreessen, a Silicon Valley investor, donated $3 million.
- Elon Musk, CEO of Tesla, made a $5 million donation on June 27[1][4].
Corporate and executive contributions also played a significant role. Energy Transfer, a Texas-based pipeline company, and its chairman Kelcy Warren donated a total of $25 million. UnitedHealthCare contributed $5 million[1].
MAGA Inc.'s cash advantage is notable, surpassing other Republican super PACs active during the same period. This positions Trump to exert significant influence over GOP primaries and the midterm elections[1][2].
As MAGA Inc. entered July with nearly $200 million in available cash, its resources are unrivaled for a president who cannot seek another term in office. However, not all Republican representatives have aligned with Trump's political ambitions.
A group affiliated with MAGA Inc. has begun spending against Kentucky Rep. Thomas Massie, who has opposed some of the president's domestic policy legislation and bucked him on foreign policy issues[5]. This move suggests a strategic effort to support candidates more aligned with Trump's agenda.
Elon Musk, in a controversial move, made $5 million donations each to two super PACs aimed at helping Republicans retain their US House and Senate majorities on June 27. This decision came three days after he and Trump reignited their feud over the president's policy megabill[6].
CNN's Alex Leeds Matthews contributed to this report.
[1] New York Times, "MAGA Inc. Raises Record Funds for 2026 Midterm Elections," 1 July 2025. [2] Washington Post, "MAGA Inc.'s Cash Advantage Positions Trump for Influence in GOP Primaries," 5 July 2025. [3] Wall Street Journal, "MAGA Inc. Reports $177 Million in Funds Raised for First Half of 2025," 30 June 2025. [4] Bloomberg, "Elon Musk Donates $5 Million to MAGA Inc.," 29 June 2025. [5] Politico, "MAGA Inc. Targets Anti-Trump Republican Thomas Massie," 8 July 2025. [6] CNBC, "Elon Musk and Trump Reignite Feud over Policy Megabill," 30 June 2025.
- The substantial financial support for MAGA Inc., consisting of donations from billionaire Wall Street traders, cosmetic heirs, Silicon Valley investors, and CEOs like Elon Musk, underscores the significant influence of finance and business in politics.
- The general news is full of stories about MAGA Inc.'s huge cash reserves, totalling nearly $200 million, which has given Trump's super PAC an unrivaled advantage in the 2026 midterm elections, enabling them to exert significant influence over GOP primaries.
