In April, Donald Trump surpassed Joe Biden’s campaign fundraising totals by over $25 million, with the Biden campaign and Democratic National Committee raising over $51 million, a significant drop from the $90 million raised in March. In comparison, the Trump campaign and Republican National Committee reported a $76 million haul for April, showcasing a significant fundraising advantage for Trump.
Despite Trump’s fundraising success in April, the Biden campaign actually has more cash on hand, with a reported $192 million war chest, the highest total of any Democratic candidate in history at this point in the election cycle. In contrast, the Trump campaign and RNC closed out March with $93.1 million in cash on hand, and while their April war chest total has not been reported, it is unlikely to surpass Biden’s total funds.
The Biden campaign has consistently outperformed Trump in monthly fundraising, with Trump’s April numbers significantly boosted by a single-day $50.5 million haul from an event held in Palm Beach, Florida, hosted by billionaire John Paulson. This event was a response to the Biden campaign’s successful Radio City Music Hall fundraiser in March, which raised $26 million and was attended by high-profile figures including former Presidents Bill Clinton and Barack Obama.
The Biden campaign highlighted its fundraising success, reporting a total of over $473 million raised since the president launched his re-election campaign last April. The campaign emphasized its grassroots support and momentum, stating that the resources raised would be used to invest in opening offices, hiring organizers, and communicating across battleground states to mobilize voters for the November election.
RNC Co-Chair Lara Trump, Trump’s daughter-in-law, criticized the Biden campaign’s fundraising efforts, referring to Trump’s success in April despite facing legal challenges. She highlighted Trump’s grassroots support and expressed confidence that it will continue to grow leading up to the election. In response, Julie Chavez Rodriguez, Biden-Harris 2024 Campaign Manager, emphasized the Biden campaign’s aggressive efforts and dedication to earning voters’ support through daily work.
Overall, the fundraising landscape in April showed Trump’s ability to raise large sums of money, with the support of high-profile events and donors, despite facing legal proceedings. However, the Biden campaign’s continued success in monthly fundraising, coupled with their substantial cash war chest, indicates a strong financial position heading into the election. The competition between the two campaigns in fundraising highlights the importance of resources in driving election strategies and mobilizing support.
