Former U.S. President and Republican presidential candidate Donald Trump speaks during a campaign event, in Racine, Wisconsin, U.
S. June 18, 2024. Brendan Mcdermid | Reuters The cavalry is here, and megadonors on both sides of the aisle are donating massive amounts of cash to politicians and outside groups in what's expected to be the most expensive election ever, new filings show.
Businessman Timothy Mellon, who has been a major donor to super PACs backing both former President Donald Trump and independent presidential candidate Robert F. Kennedy Jr. , took his giving to a new level in May, giving MAGA Inc.
, the super PAC supporting Trump's bid, $50 million on the final day of the month. The date of the contribution listed in the report was Trump's conviction in New York. The gift was the largest federal individual campaign contribution so far this election cycle pending the remaining reports to be filed Thursday, and it's one of the largest of all time.
So far this cycle, Mellon has given more than $100 million to political organizations. And the donation to MAGA Inc. made up most of the $68.
8 million the group raised in May . More from NBC News: Appeals court denies Steve Bannon's bid to stay out of prison Trump's memory 'very foggy,' says author who interviewed him post-presidency Gateway Church elder says accepting resignation of pastor in sex abuse scandal was 'difficult' decision Billionaire Michael Bloomberg, the former New York City mayor who ran for president in 202.
