For the first time in the 2024 presidential election cycle, former President Donald J. Trump outraised his opponent, 81-year-old Democrat incumbent Joe Biden. The Trump campaign and the Republican National Committee (RNC) announced they raised an impressive $76 million in April. Meanwhile, the Biden campaign, the Democratic National Committee (DNC), and several aligned PACs raised just $51 million over the same period.
The figures for both political parties are based on public data provided by both presidential campaigns. Official figures won’t be confirmed until July, when both campaigns must file quarterly financial records with the Federal Election Commission (FEC). The boost in Trump’s fundraising, however, suggests that the ongoing Democratic lawfare campaign against the former President is having an impact on the election — just not the effect that Biden and the Democrats had hoped.
April also marked the RNC‘s most successful month of the year, with an estimated $32 million raised. The DNC, however, narrowly outperformed them — raising an estimated $35 million. The Trump presidential campaign committee alone — excluding the national party committee and affiliated PACs — raised $9.4 million in April, according to FEC filings. Meanwhile, Biden’s campaign committee pulled in $24.2 million.
Trump’s financial gains in April coincided with a major fundraising event at Wall Street veteran John Paulson’s home in Florida. The event, benefiting Trump‘s joint fundraising committee, Trump 47, and other Republican entities, raised over $50 million. Paulson is widely considered a contender for the position of Treasury Secretary should former President Trump win the November election.