Trump super PAC logs $102M in second-half 2025 funding

Despite the law stating that Trump cannot run for the Presidency a third time, MAGA Inc., continues to rake in funds from AI, crypto and finance stakeholders through its political action committee (PAC).

Chunk donations to MAGA Inc. have come from individuals involved in leading technology companies such as OpenAI president Greg Brockman, as well as from cryptocurrency firms like Foris DAX Inc.

Do Trump donors know he can’t run again? 

President Donald Trump’s super political action committee amassed $102 million during the second half of 2025, according to Federal Election Commission filings. Companies in the technology, cryptocurrency, and finance sectors, donated substantially to the fundraiser. 

MAGA Inc., the primary super PAC supporting Trump’s political operation, received more than half of its recent fundraising from just three contributors.

OpenAI President and co-founder Greg Brockman led donations with a $25 million contribution, while Foris DAX Inc., which operates the Crypto.com cryptocurrency exchange, provided $20 million. Private equity investor Konstantin Sokolov added $11 million to the total.

Brockman stated his political involvement was due to his support for innovation friendly policies. He also praised Trump’s willingness to engage directly with the AI community. 

Other tech donors to MAGA Inc. during the second half of 2025 included e-cigarette maker Juul Labs, which gave $1 million, and NASA administrator Jared Isaacman, who donated $1 million.

Blackstone CEO Stephen Schwarzman, venture capitalist Asha Jadeja, and healthcare investor Benjamin Landa contributed $5 million each. 

Since Election Day 2024, Trump’s political network, including his super PAC, three leadership PACs, and the Republican National Committee, has collectively raised more than $500 million.

The filing shows MAGA Inc. held $294 million in cash reserves as of December 22, 2025. Meanwhile, the Congressional Leadership Fund held $243 million that the primary super PAC supporting House Republicans, raised during the entire 2024 election cycle. 

The Congressional Leadership Fund’s complete receipts for the second half of 2025 is due January 31.

How much have the Democrats raised for the elections?

The filing became public because MAGA Inc. spent $1.7 million to help Republican Matt Van Epps win a special election in Tennessee’s 7th congressional district. Van Epps won by about 9 percentage points against Democrat Aftyn Behn in a district that strongly favors Republicans. 

This victory margin was much smaller than the 21.5 percentage point win that former Representative Mark Green secured in the same district during the 2024 election before he left Congress in July.

On the Democratic side, House Majority PAC has raised $38 million since July 2025. Major contributors included philanthropist Connie Ballmer with $3 million and George Marcus, founder of commercial real estate brokerage firm Marcus & Millichap, who donated $2 million. 

The financial disparity between the two parties will continue to widen considering the fact that Elon Musk resumed funding Republican House and Senate campaigns for the 2026 midterms after his relationship with Trump thawed following their public breakup earlier in 2025. 

Musk made $5 million donations to the main super PACs backing House and Senate Republicans on June 27, making him the largest individual donor to both groups in the first six months of 2025. He spent approximately $290 million in the 2024 election and in a New Year’s Day post, declared that America is doomed if Democrats win, signaling his continued support for Republican candidates.

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