Trump's $400M Super PAC Funded by Firms Receiving Favorable Treatment
President Donald Trump's super PAC, MAGA Inc., has raised over $400 million since his return to the White House in April 2025. This amount is unprecedented and larger than any entity has ever had to spend in a midterm election.
The money comes from large donations from corporations or individuals that have received favorable treatment from Trump's administration. For example, Phillip Sarofim, founder of Trousdale Ventures, donated $1 million on August 21, just before his company CesiumAstro secured a historic $200 million financing package from the Export-Import Bank of the United States (EXIM), part of the Trump administration.
This is not an isolated incident. A pattern has emerged where MAGA Inc. receives large donations from companies that have received favorable treatment or benefits from the Trump administration in return. This includes Crypto.com, which donated $35 million and had its high-stakes lawsuit against a prediction market settlement intervened by the Commodity Futures Trading Commission (CFTC),
Other examples include Extremity Care, which sold expensive skin substitute bandages and received a favorable decision from Trump's administration on a pending Biden-era rule. The Yocha Dehe Wintun Nation donated $1 million after receiving a letter rescinding a previous determination that allowed another tribe to build a casino close to its own land.
Reynolds American donated $5 million, and two days later, Trump met with Reynolds executives at one of his golf courses. Before the meeting was over, Trump had called the head of the Food and Drug Administration (FDA), and within a week, Reynolds and other tobacco companies were allowed to sell fruit-flavored vapes.
Other donors include billionaire Jeff Yass, co-founder of Susquehanna International Group (SIG), who donated $16 million and owns 7% of ByteDance, TikTok's parent company. SIG also owns around 15% of ByteDance. The nursing home industry donated $4.8 million after Trump postponed a domestic ban on TikTok.