Elon Musk, Larry Ellison, Marc Benioff and Michael Dell — Four tech: The wider industry impact

Elon Musk, Larry Ellison, Marc Benioff and Michael Dell — Four tech: The wider industry impact

Americans voted in the midterms on November 3 and the results point to a Democratic comeback.

Here is what each of them has given and said. Apart from this win, the money behind Donald Trump and his party has been a big part of this election story. Four tech billionaires stand out: Elon Musk, Larry Ellison, Marc Benioff and Michael Dell. Their support has taken very different forms: giant election donations, a hidden contribution, a White House ballroom pledge and a multibillion-dollar gift tied to Trump’s signature savings program.

America PAC: His own super PAC received $216 million. The group has been active in more than 40 House and Senate races. He put in another $77 million in the first half of October alone, according to Newsweek. The Wall Street Journal reported that he gave about $45 million to a nonprofit backing Trump’s 2024 campaign, bringing him deeper into Trump’s circle. The gift was not subject to disclosure rules and had not been reported until June 2026. Federal filings suggest Trump’s brokerage accounts bought and sold Oracle stock this year, with each transaction topping $1 million. Fortune noted that Oracle later landed a starring role in the $500 billion AI buildout.

The Trump Organization says the president does not pick his investments. At a White House press conference in December 2025, Trump announced that Michael and Susan Dell were donating $6.25 billion to fund “Trump Accounts”. The Oracle co-founder has been far less visible than Musk. Dell’s support is the biggest in dollar terms, and it comes as a charitable gift rather than a campaign donation. The controversy arrived alongside reports that Salesforce pitched its artificial intelligence tools to the US Immigration and Customs Enforcement (ICE) to assist the agency with recruitment and staffing amid expanding immigration enforcement operations.

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