Former President Trump is aiming to outraise President Biden’s $26 million fundraiser by holding one of his own next week.
Trump is scheduled to hold a fundraiser next Saturday in Palm Beach, Fla., in an event hosted by hedge fund founder John Paulson, a campaign official and a spokesperson for Paulson confirmed to The Hill.
The event is expected to raise $33 million, topping the amount Biden netted Thursday at Radio City Musical Hall in New York City.
The Financial Times was the first to report the news.
“The response to our fundraising efforts has been overwhelming, and we’ve raised over $33 million so far. There is massive support amongst a broad spectrum of donors. The dinner is relatively small in nature, and we are almost at our cap,” Paulson said in a statement.
Trump’s campaign has been looking to make up the fundraising gap against Biden. The Biden campaign ended February with $71 million cash on hand, according to federal campaign filings, while the Trump campaign ended the quarter with $33.5 million in the bank. Those figures, however, don’t include money from super PACs.
The Democratic National Committee also had more than twice the amount of money in the bank at the end of February than the Republican National Committee.
At the same time, Trump has seen several developments that will aid him financially as he looks to grapple with his legal fees.
The Securities and Exchange Commission approved a merger deal involving Trump’s Truth Social media platform that’s slated to provide the former president with a potential new source of cash worth several billion dollars.
Meanwhile, Trump was also allowed to post a smaller bond than he was originally ordered as he appeals his New York civil fraud case.
Decision Desk HQ and The Hill’s polling average of a compilation of surveys in battleground states including Georgia, Arizona, and Michigan shows Trump edging out Biden in those key states in the race to the White House.