Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

Trump’s Pivot: From Small Donors to Billionaire Backers

Daniel Kim Views  

$30 million is anticipated to be raised at the Farm Beach event

Bloomberg reported on the 4th (local time) that former U.S. President Donald Trump, facing the November election, has been courting billionaires because his costly election rallies have not raised as much in donations as he had hoped.

The media noted that the list of participants in the election fundraising event held in Palm Beach, Florida, on the 6th includes the names of various billionaires. Hedge fund manager John Paulson is hosting the event, and oil tycoon Harold Hamm, sugar tycoon Jose Fanjul, and Republican Party major donors Robert Mercer and Rebekah Mercer are expected to participate. It is expected that Trump will raise more than $30 million through this event. Bloomberg evaluated this as a “scale that makes the donations drawn from low-loyalty supporters through the Wisconsin rally two days ago insignificant.”

The analysis is that while Trump is reducing the frequency of election rallies targeting small donors, he focuses on fundraising events targeting billionaires. Trump held a rally last month in Georgia after Super Tuesday, where thousands participated, and he only appeared as a special guest speaker until the end of the election campaign in Ohio. According to a reliable source, Trump’s rally costs $500,000 per event. The Trump election camp has been conducting small rallies with a smaller staff, carefully monitoring costs depending on the size and location of the rally. Bloomberg conveyed, “This is contrary to President Joe Biden spending considerable time on the streets during the same period.”

Bloomberg believes that Trump’s strategy is working. Trump and the Republican National Committee raised $65.6 million in March and announced they had a cash balance of $93.1 million as of the end of last month. This surpasses the $62 million raised in March 2020, when Trump was running for re-election as an incumbent. This has raised expectations that the Trump camp could close the fundraising gap with President Biden. In the case of President Biden and the Democratic National Committee, they raised a total of $53 million in February and reportedly have $155 million as of the end of the same month.

Daniel Kim
content@viewusglobal.com

Comments0

300

Comments0

[WORLD] Latest Stories

  • Porsche Taycan GTS Breaks Guinness Record with 10.9-Mile Ice Drift
  • Africa's MPOX Variant Clade 1b Reaches France: Health Officials Take Action
  • LA Wildfires’ Economic Toll Hits $50 Billion, Doubling Early Estimates
  • Real Reason Trump Wants Greenland and the Panama Canal: Geopolitical Dominance
  • Biden Targets China, Russia with New Semiconductor Export Limits
  • Wildfire Chaos in California: 150,000 Evacuated as Flames Spread

You May Also Like

  • 1
    FDA Greenlights Sanofi's Qfitlia for Hemophilia—An Innovative Alternative to Daily Injections

    LIFESTYLE 

  • 2
    Prostate Cancer Screenings May Cut Death Risk in Half, Study Finds

    LIFESTYLE 

  • 3
    It’s Not Just Depression: Personality Disorders Linked to Highest Suicide Risk

    LIFESTYLE 

  • 4
    Faster Cancer Treatment? Merck Launch Set for Subcutaneous Keytruda Rollout

    LIFESTYLE 

  • 5
    Cutting Carbs? You Might Be Raising Your Risk of Colon Cancer

    LIFESTYLE 

Popular Now

  • 1
    Tired of the Buzz? Fruit and Dairy Might Help, New Study Says

    LIFESTYLE&nbsp

  • 2
    Study Finds Missing Gut Bacteria in Parkinson’s and IBD Patients

    LIFESTYLE&nbsp

  • 3
    New Research Reveals Ketogenic Diet Slows Biological Aging by 6+ Years

    LIFESTYLE&nbsp

  • 4
    New Drug Cuts Heart Disease Risk by 94%—And Has No Major Side Effects

    LIFESTYLE&nbsp

  • 5
    Wegovy Maker Strikes $1B Deal for Next-Gen Obesity Treatment

    LIFESTYLE&nbsp

Must-Reads

  • 1
    FDA Greenlights Sanofi's Qfitlia for Hemophilia—An Innovative Alternative to Daily Injections

    LIFESTYLE 

  • 2
    Prostate Cancer Screenings May Cut Death Risk in Half, Study Finds

    LIFESTYLE 

  • 3
    It’s Not Just Depression: Personality Disorders Linked to Highest Suicide Risk

    LIFESTYLE 

  • 4
    Faster Cancer Treatment? Merck Launch Set for Subcutaneous Keytruda Rollout

    LIFESTYLE 

  • 5
    Cutting Carbs? You Might Be Raising Your Risk of Colon Cancer

    LIFESTYLE 

Popular Now

  • 1
    Tired of the Buzz? Fruit and Dairy Might Help, New Study Says

    LIFESTYLE 

  • 2
    Study Finds Missing Gut Bacteria in Parkinson’s and IBD Patients

    LIFESTYLE 

  • 3
    New Research Reveals Ketogenic Diet Slows Biological Aging by 6+ Years

    LIFESTYLE 

  • 4
    New Drug Cuts Heart Disease Risk by 94%—And Has No Major Side Effects

    LIFESTYLE 

  • 5
    Wegovy Maker Strikes $1B Deal for Next-Gen Obesity Treatment

    LIFESTYLE