opinion
"Peachtree Trust" Sounds Like a Fancy Bourbon, But It’s Actually How Billionaires Launder Political Donations
Tech billionaire Joe Gebbia drops $1M on Greg Abbott through a trust so mysterious even Abbott's team forgot to ask who was behind it. Transparency? Never heard of her.

By Chad Evans
Published July 16, 2025 at 9:10pm

In a stunning turn of events that absolutely no one saw coming, another tech billionaire has decided to play real-life Monopoly with Texas politics. Joe Gebbia, Airbnb co-founder and part-time Elon Musk whisperer, has generously donated $1 million to Governor Greg Abbott—because nothing says "disruption" like funding the guy who’s already sitting on a $20 million war chest. But here’s the twist: Gebbia didn’t just Venmo the money like a pleb. No, he funneled it through the mysterious Peachtree Trust, a shadowy entity so opaque even Abbott’s campaign finance team forgot to ask who was signing the checks.
Experts say this might be a teensy violation of campaign finance rules, but let’s be real—when you’re pals with Elon and your trust is named after a tree, you’re basically above the law. Gebbia, who once donated to Democrats like it was his job, has since seen the light—or at least a few viral tweets—and now proudly declares he’s Team Trump. "I did my own research," he wrote on X, presumably while scrolling through memes at 3 a.m.
Meanwhile, Abbott is out here collecting million-dollar donations like they’re Pokémon cards, all while signing laws that make it harder for shareholders to sue companies—coincidentally, just as Elon was throwing a tantrum over his Tesla pay package. It’s almost like Texas is becoming a corporate utopia where billionaires can do whatever they want, as long as they cut a check first.
And let’s not forget the real victim here: transparency. The Texas Ethics Commission suggests you should probably disclose who’s behind a trust, but why bother when you can just slap "West Lake Hills" on the paperwork and call it a day? As one expert put it, "There would have to be somebody’s name somewhere." Bold claim, sir. Bold claim.
In conclusion, if you too want to influence Texas politics, just remember: form a trust with a vaguely Southern name, throw in a million bucks, and maybe—just maybe—you too can get a courtside seat with the governor. Democracy in action, folks.