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The race for the upcoming U.S. presidential election in November is heating up, with President Biden and former President Donald Trump competing to raise the most funds.
President Biden raised $28.5 million at a fundraising event held at Radio City Music Hall in New York State, with the help of former presidents Bill Clinton and Barack Obama, among others.
In addition, Stephen Colbert, the host of “The Late Show,” a popular American talk show, was the host, and performances by musical actors such as Queen Raffia, Lizzo, and Ben Platt were also performed. President Biden’s wife, Jill Biden, also held an after-party with DJ D-Nice.
According to the FT, the Biden campaign called it “the most successful political fundraiser in American history.”
In response, former President Trump, a Republican presidential candidate, also plans to hold a presidential campaign fundraiser in Palm Beach, Florida, on April 6.
The event featured co-chairs such as Woody Johnson, former ambassador to the UK, and other Trump administration officials, as well as billionaires including sugar tycoon Jose Fanjul, oil tycoon Harold Hamm, casino magnates Steve Wynn and Phil Ruffin, former Secretary of Commerce Wilbur Ross, large Republican donor Robert Mercer and his daughter Rebekah Mercer, and Scott Bessent, the founder of global investment company Key Square Group.
Despite putting wealthy donors at the forefront, the Trump campaign has raised less money than the Biden campaign, with $20.3 million raised by Trump’s election committee and PAC (Save America) compared to $53 million raised by President Biden’s campaign during the same period.
Jeffrey Katzenberg, co-chair of the Biden campaign, stated that the historic level of fundraising is a strong sign of support for Biden and Vice President Kamala Harris, and every dollar raised will be used to communicate their future vision.
In response, Trump campaign spokesman Steven Cheung criticized President Biden, calling him “Corrupt Joe” and questioning his mental state.
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