This Billionaire Heir Has Kept Donald Trump’s 2024 Campaign Afloat

Andrew Perez / Rolling Stone

Timothy Mellon has donated $125 million to Trump’s Super PAC. That’s half of what it’s raised and close to what Trump’s campaign has on hand

He’s little-known and rarely-seen, but conservative billionaire Timothy Mellon is keeping Donald Trump‘s campaign afloat. He has donated $125 million this election cycle to Trump’s primary Super PAC, Make America Great Again Inc.

Here’s how important those dollars are: It’s roughly half of what MAGA Inc. has raised — and as much cash as the group has on hand. It’s $3 million shy of the $128 million that Trump’s campaign has in its coffers. The Republican National Committee has $99 million on hand.

Mellon, the press-shy heir to the Andrew Mellon banking fortune, has emerged as one of America’s top conservative donors during the 2024 election. While he previously helped finance Robert Kennedy Jr. — a candidate widely seen as a spoiler campaign boosting Trump — Mellon has gone all in on Trump.

The money has poured in quickly. On May 31, a day after Trump was convicted on felony charges in his New York hush money trial, Mellon donated $50 million to Donald Trump’s primary Super PAC. Mellon, who has been criticized in the past for using racist stereotypes in his autobiography, gave another $50 million on July 15, the day the Republican National Convention started.

Last week, MAGA Inc. announced it was launching a $100 million advertising blitz targeting Vice President Kamala Harris. MAGA Inc. has raised more than $60 million since the start of the RNC, a person familiar with its spending plans told Politico.