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New FEC filings reveal the pro-Trump super PAC “Right for America” attracted major donors.
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Marc Andreessen and Ben Horowitz each donated $2.5 million to the super PAC, the filings show.
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Other donors include the former chairperson of Marvel Entertainment and the CEO of Apollo Global Management.
New federal filings reveal a pro-Trump super PAC raked in millions of dollars in donations from major business names, including venture capitalists Marc Andreessen and Ben Horowitz.
According to the Federal Election Commission documents, Andreessen and Horowitz each donated $2.5 million to the “Right for America” PAC. According to its website, the PAC’s goal is “to ensure President Donald J. Trump is victorious in the 2024 presidential election.”
Andreessen and Horowitz announced their support for Trump in July during an episode of the “The Ben & Marc Show” podcast. Andreessen said that Biden’s plan for taxing unrealized capital gains was the “final straw” for his endorsing Trump.
This makes startups completely implausible, because why on Earth is anybody going to go do this instead of going to work for Google and getting paid a lot of money every year in cash?” Andreessen said in July.
Meanwhile, Horowitz earlier this month said in a memo to employees that he and his wife would be making a “significant donation” to entities supporting the Kamala Harris campaign. He didn’t endorse Harris but said in the memo that Harris had been a good friend to him and his wife.
In July, Horowitz said he and Andreessen had enjoyed a dinner with Trump, where they discussed topics including AI and crypto. For Little Tech, we think Donald Trump is actually the right choice,” Horowitz said in the July podcast, before adding: “And sorry, Mom. I know you’re going to be mad at me for this, but we had to do it.”
Andreessen and Horowitz’s donations to a pro-Trump PAC are part of a shift among some Silicon Valley big names who previously supported Democratic candidates and now support the Republican candidate. Other tech titans have come out in vocal support of Trump, such as Tesla CEO Elon Musk, who began campaigning on behalf of the former president after a failed assassination attempt in July.
Musk formed his own “America PAC” in support of Trump, which Business Insider previously reported has spent more than $100 million on the election. The latest “America PAC” filing, released Tuesday, shows the Tesla CEO contributed nearly $75 million to the PAC between July and September.
Andreessen, in particular, had been a vocal advocate for Democratic candidates, including Barack Obama in 2008 and Hillary Clinton in 2016.
Other “Right for America” donors include Isaac Perlmutter, the former chairperson of Marvel Entertainment, and his wife, Laura, who each donated $2,450,000. Marc Rowan, the CEO of Apollo Global Management, donated $1 million.
Representatives for Andreessen Horowitz and the Right for America PAC did not immediately respond to requests for comment from Business Insider.
Read the original article on Business Insider
