Day Trading Goal
  • Investing
  • Economy
  • Editor’s Pick
  • Latest News
  • Investing
  • Economy
  • Editor’s Pick
  • Latest News
No Result
View All Result
Day Trading Goal
No Result
View All Result
Home Latest News

Trump ally who donated $130 million to pay troops amid shutdown revealed as reclusive billionaire heir: report

admin by admin
October 26, 2025
in Latest News
0
Trump ally who donated $130 million to pay troops amid shutdown revealed as reclusive billionaire heir: report
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

The anonymous donor who gave $130 million to the Pentagon to pay troops during the government shutdown has been identified as Timothy Mellon, a reclusive billionaire and a major financial backer of President Donald Trump, according to a report.

Trump announced the donation on Thursday, but declined to reveal the donor’s identity, only describing him as a ‘patriot’ and a friend. The president again refused to name the person on Friday while talking to reporters aboard Air Force One shortly after departing Washington for Asia, calling the donor ‘a great American citizen’ and a ‘substantial man.’

‘He doesn’t want publicity,’ Trump said on Friday. ‘He prefer that his name not be mentioned, which is pretty unusual in the world I come from, and in the world of politics, you want your name mentioned.’

But the two people familiar with the matter told The New York Times that the man is Mellon, a wealthy banking heir and railroad magnate.

It remains unclear how long the donation will cover the troops’ salaries. The Trump administration’s 2025 budget asked for about $600 billion in total military compensation, according to the Congressional Budget Office.

The $130 million donation would equal about $100 a service member, according to The New York Times.

Mellon, a grandson of former Treasury Secretary Andrew W. Mellon, is a backer of Trump who gave tens of millions of dollars to groups supporting the president’s 2024 campaign. Last year, he gave $50 million to a super PAC supporting Trump, making it one of the largest single contributions ever disclosed, the newspaper noted.

The billionaire was not a prominent Republican donor until Trump was first elected but has given hundreds of millions of dollars in recent years into supporting the president and the GOP.

He is also a significant supporter of Health and Human Services Secretary Robert F. Kennedy Jr., who also ran for president in 2024, first as a Democrat and later as an independent before dropping out to endorse Trump. Mellon donated millions to Kennedy’s presidential campaign and has also given money to the secretary’s anti-vaccine nonprofit, Children’s Health Defense, according to The New York Times.

Despite his political contributions, Mellon has sought to keep a low profile.

In an autobiography published in 2015, Mellon described himself as a former liberal who moved from Connecticut to Wyoming for lower taxes and fewer people.

The Pentagon said it accepted the donation under the ‘general gift acceptance authority.’

‘The donation was made on the condition that it be used to offset the cost of service members’ salaries and benefits,’ Pentagon spokesman Sean Parnell said in a statement to The New York Times.

But the donation may be a potential violation of the Antideficiency Act, which prohibits federal agencies from spending money in excess of congressional appropriations or from accepting voluntary services.

This post appeared first on FOX NEWS

Previous Post

Trump gives Hamas 48 hours to return all deceased Gaza hostages, or ‘other countries will take action’

Next Post

Top catalysts for the Nasdaq 100 Index and ETFs like JEPQ, QQQ, and QYLD

Next Post
Top catalysts for the Nasdaq 100 Index and ETFs like JEPQ, QQQ, and QYLD

Top catalysts for the Nasdaq 100 Index and ETFs like JEPQ, QQQ, and QYLD

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • Trending
    • Comments
    • Latest
    Thatcher at 100: Lessons in civility, strength and enduring alliances

    Thatcher at 100: Lessons in civility, strength and enduring alliances

    October 13, 2025
    ASML share price forecast after earnings: buy or sell?

    ASML share price forecast after earnings: buy or sell?

    October 15, 2025
    Target is eliminating 1,800 corporate jobs as it looks to reclaim its lost luster

    Target is eliminating 1,800 corporate jobs as it looks to reclaim its lost luster

    October 25, 2025
    Is the overvalued Palantir stock a buy or sell ahead of earnings?

    Is the overvalued Palantir stock a buy or sell ahead of earnings?

    November 4, 2025
    Why is the crypto market going up today? (Nov. 10)

    Why is the crypto market going up today? (Nov. 10)

    0
    Ben & Jerry’s co-founder resigns, claiming parent company Unilever ‘silenced’ its campaigning

    Ben & Jerry’s co-founder resigns, claiming parent company Unilever ‘silenced’ its campaigning

    0
    Video game maker Electronic Arts to be acquired for $52.5 billion

    Video game maker Electronic Arts to be acquired for $52.5 billion

    0
    Nearly 200,000 BMWs recalled over potential fire risk

    Nearly 200,000 BMWs recalled over potential fire risk

    0
    Why is the crypto market going up today? (Nov. 10)

    Why is the crypto market going up today? (Nov. 10)

    November 10, 2025
    Top crypto price predictions: Decred, Zcash, Starknet, WLFI

    Top crypto price predictions: Decred, Zcash, Starknet, WLFI

    November 10, 2025
    Will the Rolls-Royce share price rise or fall after earnings this week?

    Will the Rolls-Royce share price rise or fall after earnings this week?

    November 10, 2025
    Plug Power stock price forecast ahead of earnings: buy or sell?

    Plug Power stock price forecast ahead of earnings: buy or sell?

    November 10, 2025

    Recent News

    Why is the crypto market going up today? (Nov. 10)

    Why is the crypto market going up today? (Nov. 10)

    November 10, 2025
    Top crypto price predictions: Decred, Zcash, Starknet, WLFI

    Top crypto price predictions: Decred, Zcash, Starknet, WLFI

    November 10, 2025
    Will the Rolls-Royce share price rise or fall after earnings this week?

    Will the Rolls-Royce share price rise or fall after earnings this week?

    November 10, 2025
    Plug Power stock price forecast ahead of earnings: buy or sell?

    Plug Power stock price forecast ahead of earnings: buy or sell?

    November 10, 2025

    Popular News

    Why is the crypto market going up today? (Nov. 10)

    Why is the crypto market going up today? (Nov. 10)

    November 10, 2025
    Top crypto price predictions: Decred, Zcash, Starknet, WLFI

    Top crypto price predictions: Decred, Zcash, Starknet, WLFI

    November 10, 2025

    Latest News

    • Why is the crypto market going up today? (Nov. 10)
    • Top crypto price predictions: Decred, Zcash, Starknet, WLFI
    • Will the Rolls-Royce share price rise or fall after earnings this week?
    • Plug Power stock price forecast ahead of earnings: buy or sell?

    About DayTradingGoal

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 Daytradinggoal.com All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Economy
    • Editor’s Pick
    • Latest News

    Copyright © 2025 Daytradinggoal.com All Rights Reserved.