ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Trump’s super PAC saw millions in donations — but it's the donor list that raises eyebrows

The donors poured in millions to support the Trump affiliated super PAC MAGA Inc.
PUBLISHED 1 HOUR AGO
 U.S. President Donald Trump at the signing of several executive orders, including approving a partial sale of TikTok's U.S. operations (Cover image source: Getty Images/Photo by Andrew Harnik)
U.S. President Donald Trump at the signing of several executive orders, including approving a partial sale of TikTok's U.S. operations (Cover image source: Getty Images/Photo by Andrew Harnik)

The list of top donors to President Donald Trump affiliated super PAC MAGA Inc. during the first year of his second term included artificial intelligence/tech CEOs, medical executives, and a board member of TikTok's parent company. Each of the high-profile donors made millions in contributions, and most of them made their first significant political donation this year, according to an analysis of Federal Election Commission records conducted by NBC News.

Photo illustration of a man wearing a Make America Great Again (MAGA) baseball hat (Image source: Getty Images/Photo by Anna Barclay)
Photo illustration of a man wearing a Make America Great Again (MAGA) baseball hat (Image source: Getty Images/Photo by Anna Barclay)

As per the report, a dozen donors contributed at least $1 million to the super PAC in late 2024 and 2025, surpassing any federal political donations they had ever given to others previously. The list included prominent business leaders like OpenAI President Greg Brockman, Palantir CEO Alexander Karp, General Atlantic CEO William Ford, who is on the board of TikTok’s Chinese parent company ByteDance, Dallas Cowboys owner Jerry Jones, and two co-owners of Extremity Care LLC, a medical supply company in Pennsylvania. 

Starting with Brockman, federal campaign finance records show that he gave $12.5 million to the Trump super PAC in September, and his wife Anna contributed the same amount on the same day as well. Brockman's donation alone made him one of the top donors to the super PAC in 2025. His company, OpenAI, is at the center of the AI boom in the U.S., and the development of AI has been a major focus for the Trump administration. It has announced new AI infrastructure investments, and the president recently signed an executive order aimed at superseding individual state AI policies.

President of OpenAI Greg Brockman listens as U.S. President Joe Biden gives remarks on Artificial Intelligence (Image source: Getty Images/Photo by Anna Moneymaker)
President of OpenAI Greg Brockman listens as U.S. President Joe Biden gives remarks on Artificial Intelligence (Image source: Getty Images/Photo by Anna Moneymaker)

Another prominent name in the tech and AI development space, the CEO, Palantir’s CEO, Alexander Karp, made a $1 million donation to MAGA Inc. in December 2024. Plantir has long served as a government contractor, and recently it won a $30 million Immigration and Customs Enforcement contract for an operating system tracking and managing deportations, and for “near real-time visibility” on those who “self-deport.”

One more significant donation came from the CEO of equity firm General Atlantic, Willian Ford, who contributed $1.25 million to MAGA Inc., a few days before Trump took office. Last year, Trump made great efforts to help negotiate an agreement between ByteDance and a consortium of American investors to keep TikTok in the U.S. as a U.S.-owned venture amid privacy concerns and potential misuse of data. The company signed a deal to sell its U.S. entity in a joint venture majority-controlled by American investors last month.

Alex Karp, CEO of Palantir Technologies, speaks at the Hill and Valley Forum (Image source: Getty Images/Photo by Kevin Dietsch)
Alex Karp, CEO of Palantir Technologies, speaks at the Hill and Valley Forum (Image source: Getty Images/Photo by Kevin Dietsch)

Apart from the tech moguls, a handful of medical executives also became new donors to the super PAC. Two co-owners of Extremity Care LLC, a medical supply company in Pennsylvania, each donated $2.5 million to MAGA Inc. in February, amid debate over how Medicare covers wound care and special bandages, and The New York Times reported that one co-founder of Extremity Care, Oliver Burckhardt, spoke to the president, a month before the administration delayed new regulations limiting coverage for those bandages.

Representative Image Source: Getty Images | Chip Somodevilla
 U.S. President Donald Trump at a meeting (Image Source: Getty Images/Photo by Chip Somodevilla)

At the same time, NBC News noted that the concept of presidential megadonors having professional or personal business in front of the administration is not new, and MAGA Inc., as a super PAC, had to disclose its donors, but nonprofit groups that supported past presidential administrations did not need to do so. The publication cited the example of the nonprofit, Building Back Together, that brought in almost $41 million in 2021 for the new Biden administration as it was formulating sweeping legislation on Covid relief, taxes, infrastructure, and more.

More on Market Realist: 

Trump gives two-hour interview to New York Times — after suing them for $15 billion earlier

Democratic senator accuses Trump of ‘stealing’ from American taxpayers, calls for his impeachment

Trump vows to restore the 'American dream' with his latest move and make homes affordable

MORE ON MARKET REALIST
The donors poured in millions to support the Trump affiliated super PAC MAGA Inc.
1 hour ago
These reports come at a time when consumer sentiment seems to be improving.
2 hours ago
The lawmakers called the probe 'coercive' demanding a congressional investigation into the DOJ.
2 hours ago
The player bizarrely named "Jeopardy!" in a totally unrelated question.
6 hours ago
Seacrest expressed that the player had no way of solving the puzzle with the clues on the board.
3 days ago
Harvey had to shut every contestant up who thought it was a good answer.
3 days ago
Citing affordability as the key issue, the president announced the cap will be rolled out on Jan 20.
3 days ago
The Jonassen family finally aced the Fast Money Round, after a wait of 43 years.
4 days ago
The CRFB estimates the plan would add $5.8 trillion to the national debt over a decade.
4 days ago
Big names like Costco, Reebok, Revlon, Ray Ban, and more have filed lawsuits seeking tariff refunds.
4 days ago
It is clear what Harvey thinks will be a popular gift at the bottom of the cereal box.
4 days ago
Analysts have shared their outlook on stocks that will be in focus for 2026.
5 days ago
Harvey thought that the answer had to be on the board, and he was surprised.
5 days ago
It's safe to say that Harvey didn't think people had the habit of tidying up in the morning.
5 days ago
Harvey was a bit harsh in telling he player that he almost had no chance of winning $20,000
6 days ago
Harvey got lost in the moment and thought the contestants were yelling at him.
6 days ago
Becoming a Costco member comes with a lot of perks like great offers on premium products.
6 days ago
Health and Human Services will withhold funds to five Democratic states over suspicions of fraud.
6 days ago
A potential ruling on the legality of the sweeping tariffs may have huge implications on the economy.
6 days ago