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Joe Biden had a massive $26 million fundraiser that included celebrities and former presidents.
Donald Trump is aiming for an even bigger fundraiser.
He is hosting a fundraiser and reportedly plans to raise $43 million.
Former President Trump is scheduled to raise $43 million at a fundraiser in Palm Beach on Saturday, and a number of billionaire Republican donors are considering kicking off the general election, sources told Axios.
Why it matters: The proceeds would eclipse the $26 million President Biden raised last week at a celebrity-filled event at Radio City Music Hall, billed as the largest fundraiser in political history.
The highest payout for President Trump’s “inaugural dinner,” led by hedge fund billionaire John Paulson, was $824,600 at the “chairman level,” which included a “dinner at President Trump’s table.” included.
The event included former first lady Melania Trump, Trump’s former chief opponents Sen. Tim Scott (RS.C.), Sen. Vivek Ramaswamy, and North Dakota Governor Doug Burgum. Three people will appear.
“This event far exceeded expectations and shows the Republican Party is united behind President Trump,” a person familiar with event planning told Axios.
Donald Trump and the RNC raised $65.6 million in March.
President Trump and the RNC ended the month with $93.1 million in cash.
Democrats’ numbers have not yet been released.
Former President Donald Trump and the Republican National Committee raised $65.6 million in March and ended the month with $93.1 million in cash on hand, according to numbers provided to POLITICO.
Mr. Trump’s allies hope the amount will ease concerns about Mr. Trump’s fundraising and his lack of cash for President Joe Biden. The numbers cover a number of fundraising vehicles that are required to disclose their activities to the Federal Election Commission later this month, and include the $62 million Trump raised in March 2020 when he was seeking re-election. Exceeds.
Biden’s political campaign has not yet announced fundraising totals for March, but he raised $25 million at a fundraiser in New York City last week attended by Biden, former Presidents Barack Obama and Bill Clinton. announced. Biden and the Democratic National Committee raised $53 million in February and had $155 million in cash at the end of the month, according to the Biden campaign.
Trump’s advisers have acknowledged that the former president is almost certain to be at a financial disadvantage to Biden. Still, Trump is actively working to close the gap. He has been courting big donors at his club, Mar-a-Lago, and plans to host a large fundraiser Saturday in Palm Beach, Fla., with proceeds from the event, his aides said. It is said to be worth over $40 million. The event is hosted by investor John Paulson and co-chaired by aerospace executive Robert Bigelow, casino billionaire Steve Wynn and hedge fund manager Robert Mercer.
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