Home US Trump decimates Biden in the campaign money war by raising a record $141 million in the month of his conviction…and getting $50 million from a single donor.

Trump decimates Biden in the campaign money war by raising a record $141 million in the month of his conviction…and getting $50 million from a single donor.

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Trump decimates Biden in the campaign money war by raising a record $141 million in the month of his conviction...and getting $50 million from a single donor.
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Welcome to DailyMail.com’s US politics live blog for the latest news from Washington DC

New campaign finance figures show Donald Trump has surpassed Joe Biden with massive donations following his trial conviction for remaining silent.

It raised $141 million last month and Biden’s haul was $85 million. It included a $50 million donation from the elusive billionaire Timothy Mellon.

Trump campaign reports for first time that it has more cash than Biden campaign

For the first time, Donald Trump’s presidential campaign reported having more cash in its main account than President Joe Biden’s re-election campaign.

The Trump campaign had about $116 million in the bank at the end of May, more than double what it had a month earlier.

Biden’s campaign told the Federal Election Commission that it had about $91 million in the bank, just above what it had at the end of April.

The financial revelations were on display Thursday, as both sides built up their war chests ahead of the Nov. 5 election.

It comes after a surge in donations around the time of Trump’s conviction in his hush money trial last month.

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1718973190 785 Trump decimates Biden in the campaign money war by raising

Michael Bloomberg donates $20 million to Joe Biden

Former New York Mayor Michael Bloomberg donated $20 million to pro-Biden groups

The billionaire philanthropist, who briefly ran for president as a Democrat in 2020, sent $19 million to the pro-Biden group Future Forward.

He also donated $929,600 to the Biden Victory Fund.

Bloomberg formally endorsed Biden on Thursday. He said:

I stood alongside Joe Biden in 2020 and I am proud to do so again.

Wyoming billionaire Timothy Mellon backs Trump with staggering $50 million donation

Conservative billionaire Timothy Mellon, heir to the Pittsburgh-based Mellon banking family, donated $50 million last month to a pro-Trump super PAC known as MAGA Inc.

Mellon, who lives in Wyoming and is rarely photographed, is an amateur pilot who has invested in and run transportation-related companies.

Forbes estimates that the Mellon family is worth about $14.1 billion.

MAGA Inc has been increasing spending on television ads supporting Trump’s candidacy, and the torrent of spending has helped pro-Trump allies outspend Biden allies in recent weeks.

He got another $10 million from billionaires Liz and Dick Uihlein, who founded shipping and packaging company Uline from their basement in 1980.

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