Billionaire Elon Musk said Wednesday that he will not donate money to the campaigns of President Biden or former President Donald Trump in 2024.

"Just to be super clear, I am not donating money to either candidate for US President," the tech mogul wrote on his social media platform, X.

"Politics is tribal, rather than logical," he wrote in a separate post.

Musk's announcement comes a day after The New York Times reported Trump met with the Tesla CEO and wealthy Republican donors over the weekend. The former president is seeking a financial boost for his White House bid, according to the Times.

With a net worth of $196.5 billion, Musk is the second-richest person in the world, according to Forbes.