With a net worth of $905.8 billion, the world's richest person's overlapping empire of companies is heavily exposed to regulation by federal agencies.
With a fresh infusion of cash into his super political action committee (PAC) in the first two weeks of October, Elon Musk has now given more than $445 million in the current election cycle and become one of the biggest-ever contributors to such groups. The world’s richest person put $77 million into America PAC, U.S. Federal Election Commission filings show, in an effort to elect Republicans in November midterm contests.
America PAC spent $43 million over the same period and ended with $46.5 million cash on hand. Since August, it’s spent a total of $43.2 million on canvassing and $8.8 million on digital media and texting services to contact voters.
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