Trump-aligned MAGA Inc super PAC enters 2026 with $300 million stockpile

By Kanishka Singh

WASHINGTON, Jan 2 (Reuters) - A campaign funding group aligned with Republican U.S. President Donald ​Trump, Make America Great Again Inc, entered 2026 ‌with an almost $300 million stockpile ahead of this year's midterm elections, ‌a filing showed on Friday.

Between July 1 and December 22, MAGA Inc raised about $102 million, according to the filing with the Federal Election Commission. Nearly half of that ⁠amount came from ‌three sources: OpenAI co-founder Greg Brockman gave $25 million; Foris DAX Inc, operator of the ‍Crypto.com exchange, gave $20 million; and private equity investor Konstantin Sokolov contributed $11 million.

The super political action committee can use the stockpile for ​the November midterms, which will gauge the public's ‌perception of Trump's policies in his second term. Trump cannot constitutionally run for a third term as president.

Republicans hold narrow majorities in the House of Representatives and the Senate.

Major U.S. firms have sought to strengthen ties ⁠with Trump since he returned ​to office in January last year. ​Many prominent business leaders attended his inauguration, and some have been hosted by him at ‍the White ⁠House.

Many wealthy individuals and large U.S. tech, cryptocurrency, energy and defense corporations have donated to pay for ⁠the construction of a $300 million White House ballroom commissioned by Trump.

(Reporting ‌by Kanishka Singh in Washington; Editing by ‌Donna Bryson and William Mallard)