President Donald Trump’s super PAC, MAGA Inc., has amassed a staggering $177 million during the first half of the year, entering July with nearly $200 million in cash reserves to influence the upcoming 2026 midterm elections.
This fundraising haul gives Trump’s organization an unprecedented war chest for a former president who cannot run again. The figures underscore Trump’s aggressive fundraising strategy since returning to political prominence.
Top Donors Fuel Trump’s Fundraising Power
The donor list includes several high-profile names:
- Jeffrey Yass, billionaire Wall Street trader, contributed $16 million.
- Ronald Lauder, cosmetics heir, donated $5 million.
- Marc Andreessen, Silicon Valley investor, added $3 million.
In a notable move, Tesla CEO Elon Musk donated $5 million on June 27, the same day he gave similar contributions to two Republican super PACs focused on maintaining GOP control in the House and Senate. Just days later, Musk and Trump reignited their feud over the president’s controversial policy megabill, which Musk labeled “insane.”
Corporate Contributions Boost MAGA Inc.’s Cash Reserves
Federal Election Commission filings reveal that corporate interests are also investing heavily in Trump’s political ambitions. Major contributions include:
- $25 million from Texas-based Energy Transfer and its executive chairman Kelcy Warren.
- $5 million from UnitedHealthCare.
Trump’s Political Influence Set to Dominate GOP Primaries
With $196 million in cash on hand, MAGA Inc. far surpasses any other Republican-aligned super PAC. This financial advantage positions Trump as a dominant force in GOP primaries and beyond.
An affiliate group linked to MAGA Inc. has already started spending aggressively against Kentucky Rep. Thomas Massie, who opposed Trump’s domestic policy initiatives and clashed with him on foreign affairs.
📌 For more details, visit the Federal Election Commission.