Donald Trump’s presidential campaign has been significantly bolstered by a $50 million (£39.5m) contribution from conservative billionaire Timothy Mellon, according to a federal filing released on Thursday.
The Super-PAC fund “MAGA Inc” reported to the Federal Election Commission that it received over $68 million from donors in the previous month.
Reuters disclosed that Mr. Mellon, an heir to the Pittsburgh-based Mellon banking family, was responsible for the $50 million donation, while billionaires Liz and Dick Uihlein contributed an additional $10 million.
US media noted that Mr. Mellon’s donation was made the day following Trump’s conviction on 34 charges of falsifying business records in his New York hush-money trial.
Mr. Mellon has also been a major supporter of independent presidential candidate Robert F. Kennedy Jr., contributing at least $20 million to the pro-Kennedy Super-PAC, American Values.
Super-PACs, or independent “political action committees,” can gather unlimited funds to support an election candidate.
Mr. Mellon’s substantial donation has enabled Trump’s allies to outspend President Joe Biden’s supporters in recent weeks.
Living in Wyoming, Mr. Mellon is a private individual who is seldom photographed.
He is an amateur pilot and has invested in and led several transport-related companies.
Forbes estimates the Mellon family’s net worth to be around $14.1 billion.
In contrast, Reuters reported that billionaire Mike Bloomberg has donated nearly $20 million to Super-PACs supporting Biden.
Bloomberg’s contributions include $19 million to Future Forward, also known as FF PAC, and an additional $900,000 to the Biden Victory Fund, a coalition of the Biden campaign and Democratic Party committees.
The Biden campaign has yet to respond to requests for comments.
On Thursday, the pro-Kennedy Super-PAC reported it received approximately $280,000 last month, none of which came from Mr. Mellon.
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