Trump Campaign Receives $50 Million Boost from Billionaire Timothy Mellon

In a significant financial move, Donald Trump’s presidential campaign has received a substantial $50 million infusion from conservative billionaire Timothy Mellon, as disclosed in a federal filing on Thursday. The donation was made through the Super-Pac fund known as “MAGA Inc,” which reported a total intake exceeding $68 million from various donors last month.

Timothy Mellon, an heir of the prominent Mellon banking family based in Pittsburgh, contributed $50 million to the fund. Additional support came from billionaires Liz and Dick Uihlein, who contributed $10 million towards the campaign efforts.

According to reports from US media, Mellon’s contribution was processed the day following Trump’s conviction on 34 charges related to falsifying business records in his New York hush-money trial. Despite this legal setback, Mellon has been a significant donor in political circles, previously supporting independent presidential candidate Robert F Kennedy Jr with substantial contributions to the pro-Kennedy Super-Pac American Values, totaling at least $20 million.

Super-Pacs operate independently as “political action committees,” allowing them to raise unlimited sums of money to support candidates during elections. Mellon’s hefty donation has enabled pro-Trump groups to outspend counterparts supporting US President Joe Biden in recent campaign efforts.

Living in Wyoming and maintaining a low public profile, Timothy Mellon is known for his interests in aviation as an amateur pilot and has led various transport-related companies. Forbes estimates the Mellon family’s wealth at approximately $14.1 billion.

In contrast, billionaire Mike Bloomberg has directed nearly $20 million towards supporting Biden through various Super-Pacs. This includes a $19 million contribution to the independent pro-Biden group known as Future Forward (FF PAC), along with an additional $900,000 to the Biden Victory Fund, a collaborative effort between the Biden campaign and Democratic Party committees.

The Biden campaign has not yet responded to requests for comment regarding these financial contributions. Meanwhile, the pro-Kennedy Super-Pac reported modest fundraising of around $280,000 last month, none of which came from Timothy Mellon.

This injection of funds into Trump’s campaign underscores the ongoing financial dynamics shaping the upcoming presidential race, setting the stage for intensified campaigning efforts from both sides as the election season progresses.