• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
LawGovernment

This mysterious billionaire and top Trump backer is behind a $130 million donation to pay troops during the government shutdown, report says

By
Nino Paoli
Nino Paoli
Former News Fellow
Down Arrow Button Icon
By
Nino Paoli
Nino Paoli
Former News Fellow
Down Arrow Button Icon
October 25, 2025, 6:28 PM ET
President Donald Trump announced a $130 million donation by an anonymous donor to help pay U.S. troops on Thursday.
President Donald Trump announced a $130 million donation by an anonymous donor to help pay U.S. troops on Thursday.OLIVER CONTRERAS/AFP via Getty Images

The mystery donor who offered $130 million to pay troops during the government shutdown is Timothy Mellon, sources told The New York Times on Saturday.

Recommended Video

The extremely private billionaire is a top Republican backer and contributed $125 million to the Make America Great Again super PAC that supported Donald Trump during his presidential bid last year.

Trump announced the anonymous donation on Thursday, declining to name the benefactor, only saying that the individual was a “patriot” and a friend.

When asked about Mellon on Friday, Trump declined to identify him as the donor while speaking to reporters. He said the individual was “a great American citizen” and a “substantial man.”

“He doesn’t want publicity,” Trump said, according to The Times. “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.”

The Pentagon told The Times it accepted the donation under the “general gift acceptance authority.”

But the donation may be in violation of the Antideficiency Act, which prevents federal agencies from spending more money than Congress allows or from using unpaid help that Congress hasn’t approved.

The Mellon family foundation did not respond to Fortune’s request for comment, and attempts by the Times to reach Mellon were unsuccessful.

Mellon’s fortune

Mellon founded the now-defunct railroad company Guilford Transportation Industries in 1981, but much of his wealth is from his grandfather, Andrew, who was Treasury secretary from 1921 to 1932. During this time, Andrew successfully campaigned to remove estate taxes so he could leave his fortune to his heirs. 

Prior to working for the Treasury, Andrew accumulated his wealth in banking, industrials and investing in the early stages of companies.

The Mellon family was named one of America’s richest families by Forbes last year and has a combined net worth of just over $14 billion.

Although Timothy Mellon’s share of this wealth isn’t well understood, he said his net worth was about $700 million in 2014. The London Times estimated it to be about $1 billion last year, and a relative told Vanity Fair  it was closer to $4.2 billion, adding that Mellon didn’t want people to know his true net worth.

Between 1996 and 2018, Mellon donated about $350,000 to political causes, according to the Wall Street Journal. But during the 2020 election, his political spending exploded, donating $60 million to Republican candidates, including $20 million to Trump. 

In the 2024 cycle, Mellon donated a total of $165 million, according to campaign finance tracker OpenSecrets. This included $25 million to the political action committee American Values 2024 that supported Robert F. Kennedy Jr.’s presidential campaign.

In Mellon’s self-published autobiography panam.captain from 2015, Kennedy is quoted as saying, “Tim Mellon is a maverick entrepreneur who embodies the most admirable qualities of what FDR called ‘American Industrial genius.’”

Government shutdown

Mellon’s donation comes as Trump has promised to pay military service members, immigration agents and law enforcement officials despite not having approval by lawmakers for money for their wages.

He signed an executive order this month ordering the Pentagon to use portions of research and development funds to cover troops’ salaries.

About 670,000 workers have been furloughed, according to the Bipartisan Policy Center, a Washington-based think tank. And about 730,000 are working without pay.

As the shutdown drags on for its third week, thousands of federal workers have also experienced missing their first paycheck this week.

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Author
By Nino PaoliFormer News Fellow

Nino Paoli is a former Dow Jones News Fund news fellow at Fortune.

See full bioRight Arrow Button Icon

Latest in Law

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Law

machado
PoliticsVenezuela
Venezuela’s opposition leader says she gave her Nobel Peace Prize to Trump
By Will Weissert, Joey Cappelletti, Regina Garcia Cano and The Associated PressJanuary 15, 2026
13 hours ago
A Verizon store in New York, US, on Wednesday, Jan. 14, 2026.
LawVerizon Communications
Verizon offers $20 account credits for 1.5 million customers outraged by mysterious 10-hour-long service outage. Here’s how to get the credit
By Eva RoytburgJanuary 15, 2026
19 hours ago
drug
HealthDrugs
Overdose deaths in U.S. have been dropping for over 2 years, the longest decline in decades
By Mike Stobbe and The Associated PressJanuary 15, 2026
22 hours ago
good
LawMinnesota
Renee Good and George Floyd: 2 Minneapolis killings, 2 grieving families, one law firm
By Heather Hollingsworth and The Associated PressJanuary 15, 2026
22 hours ago
picture of a bitcoin
CryptoCryptocurrency
Bitcoin closes in on $100,000 in surprise surge
By Carlos GarciaJanuary 14, 2026
2 days ago
deportation
LawImmigration
Trump is sorry for deporting college student who flew home to surprise her family for Thanksgiving, but is still deporting her
By Michael Casey and The Associated PressJanuary 14, 2026
2 days ago

Most Popular

placeholder alt text
Personal Finance
Peter Thiel makes his biggest donation in years to help defeat California’s billionaire wealth tax
By Nick LichtenbergJanuary 14, 2026
2 days ago
placeholder alt text
Europe
Americans have been quietly plundering Greenland for over 100 years, since a Navy officer chipped fragments off the Cape York iron meteorite
By Paul Bierman and The ConversationJanuary 14, 2026
2 days ago
placeholder alt text
Health
The head of marketing at Slate posted on LinkedIn requesting cleaning services as a benefit at her company. The next day, HR answered her call
By Sydney LakeJanuary 15, 2026
1 day ago
placeholder alt text
Success
Despite a $45 million net worth, Big Bang Theory star Kunal Nayyar still works tough, 16-hour days—he repeats this mantra when he's overwhelmed
By Orianna Rosa RoyleJanuary 15, 2026
1 day ago
placeholder alt text
Economy
California's wealth tax doesn't fix the real problem: Cash-poor billionaires who borrow money, tax-free, to live on
By Nick LichtenbergJanuary 14, 2026
2 days ago
placeholder alt text
Politics
One year after Bill Gates surprised with the choice to close his foundation by 2045, he's cutting staff jobs
By Stephanie Beasley and The Associated PressJanuary 14, 2026
2 days ago

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.