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X owner has spent tens of millions to fund conservative causes including anti-immigrant and anti-transgender ads

Elon Musk has given tens of millions of dollars to rightwing groups in recent years, the Wall Street Journal reported on Thursday, revealing his backing for Republican groups began earlier than was previously known.

Musk endorsed Trump earlier this year and has been a prolific booster of misinformation in support of the president's re-election bid on X, the website he owns. The Wall Street Journal reported earlier this year that Musk had said he planned to donate $45m each month to a Super Pac backing Trump (Musk has denied the report).

But the Wall Street Journal's reporting on Thursday revealed that Musk has already been spending tens of millions of dollars to back conservative causes. In 2022, he spent more than $50m to fund anti-immigrant and anti-transgender advertisements by a group called Citizens for Sanity. The group's officers are employees of America First Legal, a non-profit led by Stephen Miller, a close former Trump aide.

Musk also has donated millions to another rightwing group, Building America's Future, Reuters reported on Thursday. The outlet reported the timeline and exact amount he has given were not clear.

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Once upon a time, some überwealthy individuals who’d previously supported Donald Trump declared that they were done with the 45th president of the United States. After January 6, 2021, billionaire GOP donor Nelson Peltz called the insurrection a “stain on America” and publicly apologized for voting for Trump in 2020. Real estate and aerospace mogul Robert Bigelow said Trump “lost me as a supporter” and showed, during the attack on the Capitol, that “he was no commander.” Billionaire donor Howard Hamm told Trump point-blank not to run for office again, saying the Republican Party needed a chaos-free candidate, and gave money to his competitors instead.

So it may or may not surprise you that those exact people, and others whose net worths include roughly nine zeros, are now singing an extremely different tune. Which, and we don’t want to shock anyone, might have something to do with Joe Biden pledging to raise their taxes. As The Washington Post reports, Peltz hosted Trump for breakfast this month at his Palm Beach mansion, later telling the Financial Times he will “probably” vote for him in November. Bigelow told Reuters in January he donated $1 million to help cover Trump’s legal fees and promised to give $20 million more to a Trump-aligned super PAC. According to the Post, Hamm is headlining a fundraiser next month—hosted by fellow billionaire John Paulson—for which the maximum contribution is $814,600.

Updated to bypass paywall - Reuters