What to Watch for
Vance’s Michigan event will start at 1 p.m. EDT on Monday. While it’s the only event the PAC has announced so far, MAGA Inc. spokesperson Alex Pfeiffer told Politico last week there would be more to come. “MAGA Inc. will be hosting events throughout the nation to ensure that Republicans retain control of Congress in order to finish cleaning up the mess the Biden-Harris-Pelosi-Schumer Democrats left,” Pfeiffer said.
Read more Latest 2026 Senate Polls: El-Sayed Leads Rogers By 4 Points In Michigan
How Will MAGA Inc. Spend Its Money?
It’s still unclear. Trump told reporters on Aug. 21 the PAC would spend “a lot of [its] money for candidates that I think are good, Republican candidates,” but declined to specify who could get cash. He later told reporters last week he would help Paxton, however, saying before leaving for Texas on Thursday, “I’m going to help Ken Paxton and I’m going to spend a lot of time in Texas.” In addition to Rogers’ Senate bid in Michigan and Paxton’s race in Texas, Republicans also face high-stakes Senate challenges in states like Alaska, Ohio, Maine and North Carolina, as well as battleground House races throughout the country.
Could Trump Spend Any Of MAGA Inc.’s Money On Himself?
Trump is not on the ballot in November and is legally barred from running for reelection again—even as he’s floated he could try—so none of MAGA Inc.’s funds can be spent directly on himself as a candidate. Unlike Trump’s Save America super PAC, which he’s used to pay his personal legal bills, MAGA Inc. is also not legally able to bankroll the president’s expenses. That being said, The Atlantic reported last week Trump wants to use a chunk of his war chest to champion himself ahead of the midterms, ordering an advertising “blitz” that would tout his achievements in office. The reported ad campaign will “focus on nationalizing the midterms broadly around his victories,” according to The Atlantic, reflecting the fact that while Trump isn’t running in November, voters’ choices will undoubtedly also serve as a referendum on how his second term has gone so far.
The Billionaires Backing MAGA Inc.
MAGA Inc. has largely been supported by wealthy donors, with the Brennan Center for Justice reporting in February that 96% of its funds came from donations of $1 million or more. Among the billionaires who have given the most to Trump’s super PAC this election cycle, counting donations made by both themselves and their companies, are oil tycoon Kelcy Warren ($25 million), casino magnate Miriam Adelson ($25 million), businesswoman Diane Hendricks ($25 million), investor Jeff Yass ($16 million), crypto founders Cameron and Tyler Winklevoss ($15 million), venture capitalist Marc Andreessen ($9 million), Tesla CEO Elon Musk ($5 million), stock exchange operator Jeffrey Sprecher ($5 million with wife Kelly Loeffler), cosmetics heir Ronald Lauder ($5 million) and Blackstone founder Stephen Schwarzman ($5 million).
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The Companies Backing MAGA Inc.
In addition to wealthy individual donors, corporate donations have also made up a sizable number of MAGA Inc.’s biggest donations. Foris Dax, which owns Crypto.com, has given $35 million to the PAC this election cycle so far, for instance, while UnitedHealthcare gave $5 million ahead of Trump’s inauguration. RAI Services Company, a subsidiary of tobacco company Reynolds American, has also now given a total of $8 million across multiple donations, while other donations have come from companies like Extremity Care LLC, United Wholesale Mortgage, Ondo Finance, firearms manufacturer Alpha Foxtrot and Taylor Farms, which gave MAGA Inc. $1 million in March 2025, a year before it became embroiled in this summer’s cyclosporiasis outbreak. Some of those corporate donations have raised scrutiny: A company affiliated with the Geo Group, which runs immigration detention centers on the Trump administration’s behalf, gave $1 million to MAGA Inc. days after signing a $165 million per year contract with Immigration and Customs Enforcement, for instance, sparking ethical concerns.
Further Reading
The Billionaire Donors Behind Trump’s Midterm Superweapon (Forbes)
Here Are The Biggest Billionaire Donors In The Midterms—So Far (Forbes)
Republicans fret as Talarico bombards airwaves and Paxton awaits Trump team’s cash (CNN)
Read more Trump Posts Bizarre AI Videos Claiming Attack On Kharg Island After U.S. Resumes Iran Strikes
MAGA Inc reaches $400M with no spending to boost candidates (Politico)
Trump Plans to Buy Midterm Ads About His Own Record (The Atlantic)