Trump Campaign Announces Record $50.5 Million in a Single Day to Close Fundraising Gap

  • by:
  • Source: Wayne Dupree
  • 04/07/2024
The Trump campaign said it raised an amazing $50.5 million on Saturday. This is a huge amount of money, and it comes as Trump's campaign tries to catch up to President Joe Biden and the Democratic Party in terms of fundraising.

It is said that the amount of money raised at the event with major donors at the home of billionaire investor John Paulson in Palm Beach, Florida, sets a new record for the most money raised at a single event. It is also almost double the $26 million that Biden's campaign said it raised at a recent event with former Presidents Bill Clinton and Barack Obama at Radio City Music Hall in New York.

Presidential campaign top managers Chris LaCivita and Susie Wiles said in a statement, "It is clearer than ever that we have the message, the operation, and the money to get President Trump elected on November 5."

Officially called the "Inaugural Leadership Dinner," the event is a sign that Trump and the Republican Party will start raising money again, after falling behind Biden and the Democrats.

According to Trump, as he and his wife Melania Trump arrived at the event, it had already been an amazing evening because people wanted to help make America great again, which is exactly what happened.

Early this week, Trump and the GOP said they had raised more than $65.6 million in March and ended the month with $93.1 million. Biden and the Democrats said on Saturday that they had more than $192 million on hand and had raised more than $90 million last month.

Democratic National Committee Chair Jaime Harrison said in a statement, "While Donald Trump has been busy giving himself golf trophies at Mar-a-Lago and hanging out with billionaires, Joe Biden has been traveling across the country meeting voters and explaining his plan to grow our economy from the bottom up and the middle out." Harrison was referring to Trump's home in Florida.

Donations from Saturday's event will not be included in campaign fundraising reports made with the Federal Election Commission until around the middle of July.

When Trump first started his campaign, it was hard for him to get big donors because some of them were already supporting other Republicans who were running against him in the presidential primary. Still, the GOP has become more firmly behind Trump as he has won a lot of easy votes and become the party's likely choice.

A lot of rich people, including a few billionaires, came to the high-class event on Saturday. The letter says that money raised at the event will go to the Trump 47 Committee. This is part of a fundraising deal between the Republican National Committee, state Republican parties, and Save America, a political action committee that pays most of Trump's legal bills. In an odd move, the deal for raising money says that gifts should go to his campaign and Save America first, before the RNC or state parties get a cut.

People who gave the suggested $814,600 or $250,000 will only see $5,000 go to Save America. Instead, hundreds of thousands of dollars will go to the RNC, which is short on cash.

Some members of the RNC were afraid that Trump's large legal fees in four criminal cases would be paid for by the committee's money as he got ready to put a new leadership team at the RNC in March. The team would include Trump's daughter-in-law Lara Trump.

The fundraiser deal does not send money from the RNC to pay Trump's lawyers. But when checks of any size are sent to the campaign as a whole, Save America and the campaign automatically get paid first.

On the invitation, it says that Robert Bigelow, a businessman from Las Vegas who backed Florida Gov. Ron DeSantis's campaign for president, John Catsimatidis, a grocery store billionaire from New York, Linda McMahon, a former executive for World Wrestling Entertainment and head of the Small Business Administration under Trump, Steve Wynn, a casino mogul, and Kelly Loeffler, a former senator from Georgia, are co-chairs of the event.

It cost $814,600 per person to be a "chairman" contributor and sit at Trump's table, or $250,000 per person to be a "host committee" donor. Both choices include a chance to take a picture and a tailored copy of "Our Journey Together," Trump's coffee table book with photos from his time in office.

Sen. Tim Scott of South Carolina, Gov. Doug Burgum of North Dakota, and biotech billionaire Vivek Ramaswamy were all people who Trump ran against for the GOP nomination and were supposed to show up as "special guests."

Shortly before the fundraiser, Trump complained on social media about the judge in his upcoming New York hush-money trial. He also compared himself to the late Nelson Mandela, who was jailed for years by South Africa's apartheid government before he became the country's leader.

It would be an honor for me to become a modern-day Nelson Mandela if this Partisan Hack wants to put me in jail for telling the clear and open TRUTH, Trump wrote.

Jasmine Harris, a Biden campaign worker, replied, "Imagine being so self-centered that you compare yourself to both Jesus Christ and Nelson Mandela in the space of a week. That is Donald Trump for you."





 

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