Billionaires Backing Trump: A Boon or Bust for 2024?

Elon Musk`s potential $45 million monthly donation to Donald Trump`s presidential campaign would be historically massive, but might not guarantee Trump`s victory. While billionaires like Musk often try to influence politics with their wealth, this strategy doesn`t always succeed. Opponents can leverage such situations by portraying themselves as fighting against wealthy special interests, potentially resonating with voters. Despite attracting support from Musk and other billionaires, Trump`s campaign relies heavily on super PACs, which have limitations and often yield diminishing returns. Ultimately, the success of both Trump and Biden might hinge on securing a large base of small donors, where both candidates are currently competitive.