Elon Musk gives $276m to Republicans since July, the biggest known donor of the 2026 midterms
New filings show $158 million to the Senate Leadership Fund and $76 million to America PAC. His spending this cycle has already passed what he spent on the 2024 election.
Elon Musk has given more than $276 million to Republican groups since July, making him the biggest known donor of the 2026 US midterm elections, CNBC reported on Monday from newly disclosed spending. At the interbank dollar rate of Rs 276.97, that is about Rs 76 billion.
Where the money went
| Recipient | Amount | In rupees (approx.) |
|---|---|---|
| Senate Leadership Fund | $158 million | Rs 43.8 billion |
| America PAC (Musk's own group) | more than $76 million | Rs 21 billion |
| Total since July | more than $276 million | Rs 76.4 billion |
| Known federal giving, 2025-26 cycle | about $366 million | Rs 101 billion |
The Senate Leadership Fund is the main super PAC working to keep Republican control of the US Senate. America PAC is the group Musk set up in 2024.
More than 2024, despite saying less
Musk spent roughly $290 million on the 2024 election, when he backed Donald Trump's return to the White House. Last year he said he planned to spend "a lot less" on politics; his 2025-26 total has already passed the 2024 figure with weeks still to go before the vote. The Verge also reported the new total.
Why it matters outside America
The midterms decide control of Congress for the second half of Trump's term, which shapes US trade, tariff and visa policy, and so the dollar and the remittances many Pakistani families depend on. For what a dollar is worth today and how it has moved, see the dollar rate page, and to convert any amount, use the currency converter.
Frequently asked questions
- How much has Elon Musk donated in the 2026 midterms?
- More than $276 million to Republican groups since July, and about $366 million in known federal political giving across the 2025-26 cycle, according to CNBC.
Sources
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