Timothy Mellon, the grandson of plutocrat Andrew Mellon, gave $50 million to the Make America Great Again Inc. in May.
Andrew Mellon, made a $50 million donation to a pro-Donald Trump super PAC last month, a day after the former president wassafety net programs as “slavery redux,” is “now the first donor to give $100 million in disclosed federal contributions in this year’s election.”
“The grandson of Andrew Mellon peering out from behind a shrubbery to drop $50 million on an effort to defeat the strongest anti-monopolist element in government in decades is poetic,”on monopoly power and American politics that Andrew Mellon used his corporate empire and appointment as U.S. treasury secretary “to fuse government and business to make the world safe for monopolists.”
“Unlike other tycoons, he did not specialize in one area. At one point, five Fortune 500 companies owed their lineage directly to Mellon: Alcoa, Gulf Oil, Mellon Bank, Carborundum, and Koppers. He controlled a network of ninety-nine banks. He had interests in coal, steel, chemicals, oil, sleeping cars, railroads, building construction, utilities, magnesium, and airplanes,” Stoller wrote.
“How much Adelson will donate to the super PAC is not clear, though the person familiar with her plans said the group was expecting to spend more than it did four years ago when Adelson and her late husband, Sheldon, donated $90 million to Preserve America,” the outlet noted. “Their funds accounted for about 85% of what the organization raised in total.
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