Trump’s super PAC builds $300 million cash stockpile, fueling unrivaled fundraising pace
By Fredreka Schouten, CNN
(CNN) — A super PAC aligned with President Donald Trump has built more than $304 million in cash reserves that it can deploy to help shape this year’s midterm elections, according to information released Friday by the political committee.
MAGA Inc.’s massive stockpile underscores the unrivaled fundraising by a president who cannot seek another term but has seen individuals and companies with interests before the government open their wallets to advance his agenda since his return to the White House.
Greg Brockman, the co-founder of OpenAI, donated $25 million to the super PAC in September. His contribution accounted for nearly one-quarter of the roughly $102 million that MAGA Inc. reported raising between July 1 and December 22, according to new filings with the Federal Election Commission.
Trump has emerged as a champion of the nascent artificial intelligence industry and has pushed to accelerate innovation in the field. Last month, he issued an executive order that seeks to block states from enforcing their own AI rules.
Industry leaders, including executives at OpenAI, have argued that forcing companies to navigate a patchwork of competing state regulations would impede innovation.
Brockman said in a post this week on X that he has stepped up his political activity to reflect “support for policies that advance American innovation and constructive dialogue between government and the technology sector.”
He also praised Trump for his and his administration’s “willingness to engage directly with the AI community and approach emerging technology with a growth-focused mindset.”
The White House on Friday referred questions about donations to MAGA Inc.
“Thanks to President Trump’s leadership, MAGA Inc will have the resources to help candidates who support President Trump’s America First agenda of securing our border, keeping our streets safe, supercharging our economy, and making life more affordable for all Americans,” a super PAC spokesperson said in a statement.
Other donors to the group during the last half of 2025 included e-cigarette maker Juul Labs, which gave $1 million and tech billionaire Jared Isaacman, who was confirmed last month as NASA’s new administrator. Isaacman donated $1 million to the super PAC in September, bringing his total contributions to MAGA Inc., last year to $2 million, according to federal records.
Republican mega-donor Stephen Schwarzman contributed $5 million to MAGA Inc. last month, according to the filing. Schwarzman, the CEO of global investment firm Blackstone, also contributed to Trump’s ballroom project at the White House, which the president has said could cost $400 million.
This article has been updated with additional reporting.
The-CNN-Wire
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