• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Trump verdict fires up the donor class leading to massive May fundraising haul
Economy

Trump verdict fires up the donor class leading to massive May fundraising haul

by June 4, 2024
by June 4, 2024 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Former President Donald Trump’s campaign on Monday announced that they and the Republican National Committee, fueled in part by the former president’s guilty verdicts in his criminal trial, hauled in a stunning $141 million in fundraising in May.

That’s up from the $76 million they raked in back in April when they topped President Biden and the Democratic National Committee for the first time in their 2024 election rematch. 

Spotlighting their grassroots appeal, the campaign said that the average dollar donation was $70.27 with 25% of the donors in May being first time contributors to Trump.

And Trump’s team claimed that outside groups supporting the former president’s White House bid raked in another $150 million in May.   

In a statement, Trump Campaign senior advisers Chris LaCivita and Susie Wiles said, ‘President Trump raised $141 million this month because Americans remember the roaring economy, secure border, and peace through strength at home and abroad under Donald J. Trump, and we will return to prosperity and success when he is re-elected in November.’

Monday’s announcement comes in the wake of what the Trump campaign touted as ‘record-shattering’ fundraising in the immediate aftermath of the former president’s conviction in his criminal trial in New York City.

Trump was found guilty of all 34 felony counts in the first trial of a former or current president in the nation’s history.

The former president’s campaign highlighted that in the first 24 hours following Thursday evening’s verdict, they and the Republican National Committee hauled in nearly $53 million in fundraising, which counted towards May’s total. 

The campaign touted that the fundraising was ‘nearly double the biggest day ever recorded for the Trump campaign on the WinRed platform’ and emphasized that the guilty verdicts ‘have awakened the MAGA movement like never before.’

The RNC said on Sunday that the total topped $70 million in online fundraising by the 48-hour mark.

Biden campaign rapid response director Ammar Moussa, responding to the Trump team’s announcement, said ‘we’ll see how the numbers actually shake out come July, but one thing’s for certain: Trump’s billionaire friends are propping up the campaign of a white collar crook because they know the deal – they cut him checks and he cuts their taxes while working people and the middle class pay the tab.’  

The Biden campaign has also been fundraising off of the Trump verdict, and a source familiar told Fox News that ‘the 24 hours after the verdict were one of the best fundraising 24 hours of the Biden campaign since launch.’

Trump has been aiming to close his fundraising gap with Biden. In April, his campaign and the Republican National Committee for the first time out-raised the Biden campaign and the Democratic National Committee.

Biden had regularly been outpacing Trump in monthly fundraising, but Trump’s April haul was boosted by a record-setting $50.5 million that the former president’s campaign raked in at a single event early in the month with top dollar GOP donors that was hosted at the Palm Beach, Florida home of billionaire investor John Paulson.

While Trump has stepped up his fundraising, the Biden campaign still enjoyed an $84 million to $49 million cash-on-hand advantage at the end of April.

Fundraising, along with public opinion polling, is a key metric used to measure the strength of a candidate and their campaign. Money raised can be used to build up grassroots outreach and get-out-the-vote operations, staffing, travel and ads, among other things.

This post appeared first on FOX NEWS
You Might Also Like
  • Jan 6 rioters, abortion, gun rights: A look ahead at landmark cases SCOTUS will hear in 2024
  • Senate expected to pass Speaker Johnson’s spending bill with support from Biden
  • Netanyahu rejects Hamas cease-fire deal, says ‘complete victory’ is within a ‘matter of months’
  • French parliament divided among far-left, center, far-right after elections
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Wyckoff at Work in the Intraday Timeframe
next post
See inside Ford’s new tech campus, a century-old Detroit train station restored for $950 million

You may also like

The Malthusian Contradiction

December 5, 2022

Hawaii Gov Josh Green says ‘very real’ global warming caused...

August 14, 2023

Johnson says House will ‘apply every amount of pressure’ to...

March 15, 2024

Minyon Moore, former Black Lives Matter board member, announced as...

August 9, 2023

North Korea accuses Israel of ‘genocide’ in Gaza, labels US...

October 26, 2023

Climate activist Greta Thunberg latest world leader to meet with...

July 1, 2023

Pompeo slams Biden admin officials who signed dissent letter on...

November 18, 2023

Biden bubble: How first lady Jill and staff ‘protect’ president...

February 10, 2024

Signs warning of ‘unexpected pedestrians’ appear in El Paso amid...

January 17, 2023

Trump warns about ousting Putin in Russia, says successor could...

June 25, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Here’s What’s Fueling the Moves in Bitcoin, Gaming, and Metals

      July 12, 2025
    • 3 Stocks Seasoned Investors Should Watch

      July 11, 2025
    • What Happens Next for the S&P 500? Pick Your Path!

      July 11, 2025
    • These 25 Stocks Drive the Market: Are You Watching Them?

      July 11, 2025
    • The CappThesis Market Strength Indicator: What It’s Telling Us Now

      July 11, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,631 views
    • 2

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,919 views
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,607 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,578 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,451 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,172)
    • Investing (538)
    • Stock (2,668)

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Here’s What’s Fueling the Moves in Bitcoin, Gaming, and Metals

      July 12, 2025
    • 3 Stocks Seasoned Investors Should Watch

      July 11, 2025
    • What Happens Next for the S&P 500? Pick Your Path!

      July 11, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,172)
    • Investing (538)
    • Stock (2,668)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Turkey’s invasion threats should be taken...

    August 11, 2024

    EURUSD and GBPUSD: the euro remains...

    October 21, 2024

    CT Gov. Lamont proposes open carry...

    January 24, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here