Bull Hedging
  • Politics
  • Stocks
  • Business
  • Investing
  • Politics
  • Stocks
  • Business
  • Investing

Bull Hedging

Politics

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

by admin October 26, 2025
October 26, 2025
Trump ally who donated $130 million to pay troops amid shutdown revealed as reclusive billionaire heir: report

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
Trump says he won’t waste time meeting Putin unless Ukraine deal is likely to happen soon

Related Posts

Judge who blocked key Trump executive order has...

March 20, 2025

Russia, China practice destroying ‘enemy’ submarine in naval...

August 7, 2025

Apple expected to roll out texting update that...

August 28, 2025

Trump announces more nominations, including Kari Lake as...

December 12, 2024

Democrats threaten to see Trump team ‘in court’...

October 15, 2025

White House calls Yemen ceasefire a ‘WIN’ –...

May 7, 2025

Why banning 8 food dyes is important in...

April 26, 2025

Hegseth orders Pentagon to launch comprehensive review into...

May 21, 2025

US military would be unleashed on enemy drones...

May 16, 2025

Hunter Biden seen driving Toyota rental in South...

May 31, 2025

Recent Posts

  • 171 million travelers face airport delays as Democrats’ DHS shutdown hits TSA staffing, Scalise warns
  • FDA launches new AI-powered system to track drug and vaccine side effects nationwide
  • Cornyn reverses on filibuster stance to push Trump’s SAVE Act in Senate
  • DAVID MARCUS: Sen Thune has no idea how mad the GOP base is at him
  • Trump touts 5-0 sweep by endorsed candidates in Tuesday primary elections

Recent Comments

No comments to show.

About Us

About Us

Design Magazine

Welcome to Design Magazine. Follow us for daily & updated design tips, guide and knowledge.

Stay Connect

Facebook Twitter Instagram Pinterest Youtube Email

Recent Posts

  • 171 million travelers face airport delays as Democrats’ DHS shutdown hits TSA staffing, Scalise warns

    March 12, 2026
  • FDA launches new AI-powered system to track drug and vaccine side effects nationwide

    March 12, 2026
  • Cornyn reverses on filibuster stance to push Trump’s SAVE Act in Senate

    March 12, 2026
  • DAVID MARCUS: Sen Thune has no idea how mad the GOP base is at him

    March 12, 2026
  • Trump touts 5-0 sweep by endorsed candidates in Tuesday primary elections

    March 12, 2026
  • US destroys 16 Iranian mine boats as Strait of Hormuz oil showdown escalates

    March 12, 2026

Editors’ Picks

  • 1

    Environmental Approval for Boland Infield Studies & Update on Scaled Column ISR Test

    September 19, 2025
  • 2

    Small Caps are Set to Skyrocket in 2025—Here’s What You Need to Know

    December 12, 2024
  • 3

    Ad revenue should stabilize for media companies in 2025 — if they have sports

    December 31, 2024
  • 4

    Trump leaves China guessing what his next move is with unusual inauguration invitation

    December 15, 2024
  • 5

    Zinc Stocks: 4 Biggest Canadian Companies in 2025

    January 15, 2025
  • 6

    Uranium Price Forecast: Top Trends That Will Affect Uranium in 2025

    December 19, 2024
  • 7

    Lead Price Forecast: Top Trends for Lead in 2025

    January 11, 2025
Promotion Image

banner

Categories

  • Business (630)
  • Investing (3,251)
  • Politics (3,955)
  • Stocks (1,072)
  • About us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting

Copyright © 2026 bullhedging.com | All Rights Reserved