From independent presidential bids to third-parties, several prominent businessmen have tried to upend America's two-party system in recent decades.

Whitman thought her wealth could buy the governorship of California in 2010. Of her $1.5 billion net worth that year, she blew $177 million on her campaign. Rival Jerry Brown spent just $36 million and crushed her, 53.8% to 40.9%. Her 4.1 million votes cost $43 per vote. His 5.4 million votes cost just $7 per vote, one-sixth as much.

While Musk was able to pour millions of dollars into pro-Trump super PACs last year, he would not legally be able to bankroll a political party. Third parties generally have to spend a great deal of money to secure ballot access before focusing on getting their candidates elected.

The two men spoke about Mr. Musk’s push to create the America Party before the midterm elections. Mr. Yarvin has expressed support for a monarchy, along with provocative ideas about race.

The growing rift between Tesla CEO Elon Musk and US President Donald Trump turned into a gulf on July 5 when Musk announced the independent America Party, supposedly focused on Bitcoin and centrist policies. The move was catalyzed by Congress passing the ...

Billionaire Elon Musk indicated Tuesday that releasing files related to convicted sex trafficker Jeffrey Epstein will be a major goal for his third party. President Donald Trump and his administration confirmed Tuesday it had finished its investigation into Epstein,

Democratic National Committee Chair Ken Martin thinks Musk’s America Party might have the money, and momentum, to matter.