Former President Trump is aiming to break the fundraising record set by President Biden less than a week ago.
The Trump campaign expects to raise more than $40 million at a Saturday fundraiser in Palm Beach, Florida.
This is the $26 million the Biden campaign is said to have raised during a March 28 fundraiser appearance with former President Barack Obama and former President Bill Clinton at New York City’s famous Radio City Music Hall. The amount will easily exceed the above amount.
The president’s reelection campaign called the money raised at the star-studded event — which set a record for a single fundraiser — “historic.”
Trump seeks funding parity with Biden with help from top Republican donors
President Biden and former presidents Barack Obama and Bill Clinton participate in a fundraising event with Stephen Colbert at Radio City Music Hall on Thursday, March 28, 2024, in New York. (AP Photo/Alex Brandon)
More importantly, the fundraising increases Biden’s already formidable financial advantage over Trump as the Democratic incumbent and his Republican predecessor face off in a rematch of their 2020 showdown. was completed.
But Michael Whatley, the new Republican National Committee chairman and Trump ally, said in an interview this week on Fox Business’ “Morning with Maria” that the fundraiser had raised more than $40 million. He said they would gather together and described it as a “huge event.” . ”
Shot in the arm: President Trump promotes big march fundraiser
Billionaire investor and hedge fund founder John Paulson is hosting the biggest fundraiser to kick off the recently formed Donald J. Trump National Committee.
The event is expected to feature major contributors, some of whom were on the sidelines during the recently concluded primary season or supported the former president’s rivals.
Among those listed as co-chairs of the fundraiser are hedge fund billionaire Robert Mercer and his daughter Rebecca Mercer. Although they gave Trump a big boost in 2016, they barely participated in the former president’s 2020 re-election campaign.
Also on the list of co-chairs is oil magnate Harold Hamm. hotelier and space entrepreneur Robert Bigelow; Casino giant Steve Wynn. Todd Ricketts is co-owner of the Chicago Cubs, a member of TD Ameritrade’s board of directors, and former RNC finance chairman.
The Inaugural Leadership Dinner will be held at Paulson’s Palm Beach home, not far from Trump’s Mar-a-Lago club and resort.
Participants in the fundraiser are expected to donate between $250,000 and more than $800,000, including a “dinner seat at President Trump’s table.”
At the celebration were former first lady Melania Trump and three people who opposed Trump in the 2024 Republican presidential primary and have since supported him: South Carolina Sen. Tim Scott and North Dakota Sen. Governor Doug Burgum and billionaire biotech entrepreneur Vivek Ramaswamy will be in attendance. is listed as a special guest.
The fundraiser is yet another sign that much of the Republican donor base is rallying around Trump, now that he has secured the Republican nomination and is seen as the party’s presidential nominee. is. A political insider of the former president called the fundraiser a moment of “President Trump’s return.”
Former President Trump speaks at a rally in Green Bay, Wisconsin, Tuesday, April 2, 2024. (AP Photo/Mike Romer)
Mr. Trump has long had a strained relationship with some of the Republican donor base, but in recent months he has worked hard to improve relations. He has hosted some of these major contributors in recent weeks.
“Most large donors [Ron] Like DeSantis [Nikki] Haley has also joined in, rallying around the president. “I think everyone understands what’s at stake in the 2024 election,” said Matt Brooks, CEO of the Republican Jewish Federation, which has close ties to the donor base. told FOX News.
One reason Trump faces such a large fundraising shortfall against Biden is that the president has been able to raise money in conjunction with the Democratic National Committee and Democratic state parties across the country. is.
But a joint fundraising committee established by the Trump campaign and the Republican National Committee last month will allow for coordination between the two campaigns, as well as with Republican chapters across the state.
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The committee took control of the RNC after the former president and his campaign team secured the Republican nomination, directing Whatley and allies including Trump’s daughter-in-law Lara Trump to the national party committee. It was established after he assumed the position of supreme leader. Chris Lacivita, a senior adviser to the Trump campaign, also serves as RNC chief of staff.
RNC and Trump campaign officials, who requested anonymity to speak more freely, said last week that “Biden will never be able to raise dollars for dollars…but what it takes to win is within reach.” I’ll go in,” he admitted.
President Biden and former President Trump (Getty Images)
The person called the rapid growth in fundraising for the Trump campaign and the RNC “impressive,” adding, “We’re very happy with where we’re at this time next month.” added.
The Biden campaign recently mocked President Trump over the latest fundraising numbers, highlighting the president’s formidable fundraising advantage.
“If Donald Trump published numbers like these on ‘The Apprentice,’ he would fire himself,” Biden campaign communications director Michael Tyler said in a statement.
But President Trump and the RNC raised large sums of money in March, which is likely to allay concerns among some in the Republican Party about campaign financing deficits for Biden and the DNC.
President Trump and the RNC highlighted this week that they brought in $65.6 million in March and ended the month with $93.1 million in cash on hand. This figure includes funds raised by many fundraising committees.
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