After topping 2024’s donor list, Elon Musk said he’d do ‘a lot less.’ Since then, he’s given more than George Soros has personally in his lifetime

In May 2025, Elon Musk announced he planned to reduce his political spending, stating, "I think in terms of political spending, I’m going to do a lot less in the future." He later clarified, "I think I've done enough" and added, "If I see a reason to do political spending in the future, I will do it." In the previous election, Musk donated $291.5 million to Republican candidates, making him the top political donor of 2024 according to OpenSecrets.

Since May 2025, Musk has given $427.5 million to federal political committees, surpassing Democratic mega-donor George Soros, who has contributed $243.2 million over 47 years. Most of Musk's recent donations came after July 1 of this year, with $75 million and $83 million checks to SLF PAC and America PAC, respectively, as well as $165.6 million to America PAC in total between July 1 and Oct.

14. Musk has also provided $20 million to the Congressional Leadership Fund and $10 million to Lone Star Liberty PAC, which supports Texas Attorney General Ken Paxton. Comparatively, Soros has given $125 million and $50 million to his family's super PACs before July 2026, $4.2 million personally in 2024 and $67.8 million to IRS-reporting political groups, totaling about $381 million.

However, counting Soros-funded groups, his federal total reaches $453.7 million, slightly surpassing Musk's contributions since May 2025. Over his lifetime, Musk has donated $723.8 million to federal committees, about three times Soros's personal federal total.