Larry Ellison pledges millions to support Tim Scott's 2024 presidential bid.

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Source: CNBC
Larry Ellison pledges millions to support Tim Scott's 2024 presidential bid.
Photo: CNBC
TL;DR Summary

Oracle co-founder and Republican megadonor Larry Ellison is preparing to spend millions of dollars backing Sen. Tim Scott's run for president in 2024. Ellison donated $30 million to a pro-Scott super PAC, Opportunity Matters Fund, during the 2022 midterms, and is expected to at least double that amount this time. The super PAC has been rebranded for Scott's White House run with a new name: Trust In The Mission PAC, or TIM PAC. Ellison admires Scott for the senator's strong support for Israel. Another mega-billionaire, Tesla CEO Elon Musk, could also back Scott in the 2024 race.

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