Former President Trump is expected to rake in roughly $50 million at an upcoming Saturday night fundraising, doubling what three Democratic presidents recently brought in for President Biden’s reelection campaign war chest, a campaign official confirmed to The Hill.
The private fundraiser will be hosted by hedge fund billionaire John Paulson in Palm Beach, Fla.
The expected haul would double the amount Biden’s campaign raised at a New York City fundraiser last week. Biden’s star-studded event at Radio City Music Hall, which featured, former Presidents Bill Clinton and Barrack Obama, raised over $25 million.
The event will boost Trump’s campaign, the Republican National Committee (RNC), his Save America PAC and state GOP parties under their joint-fundraising agreement.
The fundraiser comes as Trump and the RNC said on Wednesday they raised north of $65.6 million last month crossing into April with over $91.3 million cash on hand. The Biden campaign’s fundraising arm was also quite active in March, announcing on Saturday a $90 million March haul, leaving them entering the second quarter with $192 million in cash on hand.
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Trump is looking to maximize his war chest seven months before the presidential election and as he seeks to bounce back after taking several financial hits while defending himself against charges in four legal cases.
“Biggest night in Fund Raising of ALL TIME!!! Will double up the Biden number of last week at Radio City. People are desperate for change. They want to MAKE AMERICA GREAT AGAIN! DJT,“ Trump wrote in a Saturday post on TruthSocial.
Brett Samuels contributed to this report.
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