Billionaire Elon Musk has followed through on his pledge to create a new political party in the United States after President Donald Trump signed his controversial budget legislation, the so-called “One Big, Beautiful Bill”, into law.
The richest man in the world, who boasts of $361 billion, supported Trump, a Republican, to win against Kamala Harris, a Democrat, in last year's elections.
Musk in a post on X on Saturday declared the formation of the “America Party“, to “give back” the people of the US their freedom and challenge what he called the nation’s “one-party system”.
He cited a poll, uploaded on Friday – the US’s Independence Day – in which he asked whether respondents “want independence from the two-party (some would say uniparty) system” that has dominated US politics for some two centuries.
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