Key facts
- MAGA Inc. reported over $400 million in cash reserves.
- The super PAC began the year with $300 million.
- Donors include Jared Isaacman, Tyler and Cameron Winklevoss, Greg Brockman, and Stephen Schwarzman.
- The Winklevoss twins liquidated bitcoin for their contribution.
- MAGA Inc. spent $377 million in the 2024 elections.
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.