President Donald Trump's super PAC, MAGA Inc., has secured a significant financial foothold as the United States approaches the 2026 midterm elections. According to new campaign finance filings, the organization reported having approximately $294 million in cash as of late December, with a recent update indicating that the total has surpassed $300 million. This substantial sum has been amassed through aggressive fundraising efforts, which saw more than $102 million raised in the latter half of 2025 alone.
The super PAC's financial position elevates it as one of the most influential external groups in the upcoming midterms, where the balance of power in Congress will be pivotal in shaping the direction of President Trump’s second-term agenda. MAGA Inc. plans to channel these resources into supporting candidates who endorse Trump's priorities, such as border security, public safety, economic expansion, and reducing costs for American workers.
Among the notable donors contributing to this staggering total is OpenAI co-founder Greg Brockman, who has donated $25 million, making him the single largest contributor. Additional significant donations include $20 million from the corporate entity of Crypto.com, Foris DAX Inc., and $11 million from private equity investor Konstantin Sokolov. Blackstone CEO Stephen Schwarzman, Juul Labs, and tech billionaire Jared Isaacman have also made substantial contributions, each donating millions to bolster the super PAC's financial arsenal.
The donor list reflects a diverse array of financial support from sectors such as technology, finance, and cryptocurrency, countering narratives that portray President Trump as politically isolated. Furthermore, the financial clout of MAGA Inc. is complemented by support from other key figures, including Elon Musk. Musk has indicated his intention to substantially fund Republican candidates in the upcoming midterms after a period of disagreements with Trump during his second term.
Elon Musk, a pivotal political donor, contributed more than $290 million during the 2024 cycle and is already reported to be investing in Republican races ahead of the 2026 midterms. His recent comment on the social media platform X underscored his concerns about Democratic control, stating, "America is toast if the radical left wins," highlighting the high stakes of the upcoming elections.
Republicans are navigating a challenging midterm environment as Democrats focus their campaigns on key issues such as affordability, healthcare, and foreign policy. The financial advantage held by MAGA Inc. and its affiliates is seen as crucial in countering what they perceive as media bias, opposition ground-game tactics, and spending by progressive groups.
With an unprecedented war chest at their disposal, Trump-aligned entities are poised to saturate battleground states with advertising, voter turnout initiatives, and targeted communications. These efforts aim to safeguard congressional support for President Trump and extend his influence within Capitol Hill.
