A Top Trump Donor Isn't Giving as Much to Republicans as He Used to
Summary
Billionaire Timothy Mellon, a major donor to President Donald Trump and the Republican Party, gave almost $102 million in 2024 but has sharply reduced his donations for the 2026 election cycle to about $3 million. Mellon's political donations grew steadily from under $100,000 in 2008 to record-breaking amounts in recent years, especially supporting Trump-aligned candidates.Key Facts
- Timothy Mellon is a billionaire and heir to a well-known banking fortune.
- He donated just over $100,000 during the 2008 election cycle.
- Mellon's contributions rose to about $10 million by 2018 and over $40 million by 2020.
- In 2024, Mellon donated nearly $140 million total, including $102 million by July.
- His 2024 donations made him one of the largest Republican donors ever.
- For the 2026 cycle, Mellon has contributed about $3 million so far, a 97% decrease compared to 2024.
- This reduction is notable after years of steady increases in his political giving.
- Mellon's donations mainly support President Trump and Republican candidates aligned with Trump.
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