Key facts
- MAGA Inc. has amassed over $400 million in cash reserves.
- The super PAC began the year with $300 million.
- Recent contributions include $1 million from Jared Isaacman and $10 million from Tyler and Cameron Winklevoss.
- Greg Brockman donated $25 million and Stephen Schwarzman contributed $5 million.
- MAGA Inc. spent nearly $377 million in the 2024 elections.
- The group has not spent directly on a race since March.
MAGA Inc., a super political action committee aligned with U.S. President Donald Trump, has amassed over $400 million in cash reserves, according to filings with the Federal Election Commission. The group began the year with $300 million and reached its current total by the end of June.
Recent contributions include $1 million from NASA administrator Jared Isaacman and $10 million from billionaires Tyler and Cameron Winklevoss, who liquidated bitcoin for their donations. In September, Greg Brockman, co-founder of OpenAI, donated $25 million, citing support for policies that advance American innovation. Stephen Schwarzman, CEO of Blackstone, also contributed $5 million in December.
MAGA Inc. spent nearly $377 million in the 2024 elections. The group's substantial funding is intended to support candidates aligned with Trump's agenda in the upcoming midterm elections. However, the super PAC has not spent directly on a race since March, leading to concerns among some Republicans about the timing of spending for competitive races.