Billionaire Timothy Mellon Pours $50 Million into Trump-Backing PACs Just One Day After Conviction

Published June 22, 2024

Billionaire Timothy Mellon, heir to the Mellon banking empire and grandson of former Treasury Secretary Andrew Mellon, donated an astounding $50 million to Make America Great Again Inc., a super PAC dedicated to the re-election of President Donald Trump.

This donation came just one day after Trump was convicted on 34 felony counts in his New York hush money trial, according to Quartz, citing records filed with the Federal Election Commission.

The super PAC reportedly raised nearly $70 million last month, with Mellon’s contribution making up almost three-quarters of the total funds. This immense financial support signifies Mellon’s steadfast commitment to the former President’s cause and his faith in the MAGA movement.

BBC reported:

 

According to Forbes magazine, Mr Mellon is a descendant of Thomas Mellon, an Irish immigrant who amassed a fortune in real estate and banking after arriving in the US in 1818.

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SOURCE: www.thegatewaypundit.com

RELATED: Who Is Timothy Mellon? Trump’s Biggest Donor Is A Secretive Billionaire Banking Scion Who Paid $53 Million For Border Wall.

Published June 22, 2024

Timothy Mellon, heir to the billionaire Mellon family banking fortune, has become one of the Republican Party’s biggest financial backers throughout former President Donald Trump’s rise in politics, donating at least $75 million to a pro-Trump group after previously supporting a southern border wall-building effort—and bankrolling Robert F. Kennedy Jr.’s candidacy.

KEY FACTS

Mellon donated $50 million—one of the largest political donations ever—to the main super PAC backing Trump’s candidacy, Make America Great Again, Inc., the day after Trump was convicted by a Manhattan jury in May, according to Federal Election Commission filings made public Thursday.

Prior to Thursday’s filings, 81-year-old Mellon was already the biggest political donor of this election cycle, giving $25 million each to MAGA Inc. and the American Values super PAC backing Kennedy.

The Mellon family fortune dates back to the 19th century: He’s the great-grandson of banker Thomas Mellon (founder of Mellon Bank) and grandson of former Treasury Secretary Andrew Mellon, and members of his family were early investors in the company that later became Gulf Oil.

Timothy Mellon founded a computer programming company in the 1960s shortly after his graduation from Yale University in 1964, then took over regional freight railroads in New England starting in 1981, later merging his rail company with the bankrupt Pan American World Airways, and briefly operating a Pan Am-branded regional airline service under the merger.

Known as a reclusive figure even to his political beneficiaries, Mellon has largely avoided the public eye, spending most of his time living on his ranch in Wyoming, according to Bloomberg, which conducted a rare interview with the billionaire in 2020, after he donated $10 million to America First Action, a super PAC backing Trump’s re-election bid.

Trump has “done the things he promised to do, or tried to,” Mellon said at the time, specifically noting Trump’s work “in trade and righting the balance between our country and the rest of the world, especially China.”

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SOURCE: www.forbes.com

RELATED: Conservative Billionaire Gives $50 Million To Pro-Trump Super PAC

The super PAC has already reserved about $30 million in ads for around the Fourth of July holiday.

A billboard in Michigan paid for by the Democratic National Committee in February highlighted Mellon’s support for Robert F. Kennedy Jr.’s super PAC. EMILY ELCONIN/GETTY IMAGES FOR THE DEMOCRATIC NATIONAL COMMITTEE
Published June 20, 2024

A conservative billionaire gave a staggering $50 million to a pro-Donald Trump super PAC last month, a day after the former president was convicted on all counts in his Manhattan hush money trial, according to new campaign finance filings.

Timothy Mellon, an heir of the Mellon banking family, made the mammoth donation to Make America Great Again Inc., which recently said it would spend $100 million in the coming months on a nationwide advertising blitz. The New York Times, the first to report the donation, reported that the super PAC has already reserved about $30 million in ads in Georgia and Pennsylvania — key swing states in the next election — to run around the Fourth of July holiday.

Filings with the Federal Election Commission show the gift accounted for more than two-thirds of the money MAGA Inc. brought in in May, and the Times noted it could be among the largest single contributions to a political campaign ever.

Mellon, who lives in Wyoming, has become a key Republican donor in recent years, writing eight-figure checks beginning in 2018 after largely being unknown in fundraising circles. Still, many of those who have benefited from his money have not met him, and Reuters described him as an unusual figure who is almost never in the spotlight.

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SOURCE: www.huffpost.com

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Cherry May Timbol – Independent Reporter
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