WASHINGTON: Republican presidential candidate Donald Trump’s campaign said a major fundraiser in Florida on Sunday raked in a massive $50.5 million as the former president seeks to replenish diminished coffers in his rematch against Democrat Joe Biden.
The event, his biggest fundraiser yet, is a much-needed boost for Trump, who has been routinely outraised by Biden and is in the midst of a financial squeeze due to ballooning lawyer fees and legal payouts from his criminal and civil court cases.
The dinner, hosted at billionaire hedge fund manager John Paulson’s Palm Beach home, will allocate a portion of the money to be raised to a fundraising group that has spent tens of millions of dollars on Trump’s legal fees.
While Trump has struggled to get some major traditional Republican donors on board, he retains the support of some heavy hitters. Co-hosts on Saturday, for example, include hedge-fund investor Robert Mercer and his daughter and conservative activist Rebekah, investor Scott Bessent, and casino mogul Phil Ruffin, according to the fundraiser invitation seen by Reuters. “People are just wanting change. Rich people want it, poor people want it,” said Trump in comments ahead of the fundraiser, flanked by his wife Melania Trump, who has largely stayed away from the campaign trail so far.
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