According to a Trump campaign statement, the former President has seen a spike in donations in the fortnight since his indictment on March 30.
The campaign reportedly told CNN it had raised USD 15.4 million in the two weeks after charges were filed against Trump It added that the fundraising figures suggest his legal woes have benefited him both politically and financially – at least in the short term – and energised his base. His campaign had previously announced on March 31 that it had raised USD 4 million in the 24 hours since his indictment was first announced.
Politico first reported Trump’s first quarter fundraising numbers. He raised a combined USD 18.8 million in the first quarter of 2023 through his joint fundraising committee and his campaign, according to reports.
During the first quarter, from January 1 to March 31, Trump received a total of 541,971 donations, according to the figures provided by his campaign. The average donation was roughly USD 34.
Comparatively, Trump received 312,564 donations in the two weeks after charges were filed against the former president, beginning on March 30, with the average donation totaling roughly USD 49.
The former president has been raising money for his 2024 presidential bid through both his campaign and his political action committee, Save America PAC. Filings Saturday night with the Federal Election Commission show that USD 14.4 million of the first-quarter haul went to Trump’s main campaign account.
The figure is only half of the USD 30 million he raised during the first quarter of the 2020 election cycle, when he still occupied the Oval Office.
Last Friday, Trump filed his personal financial disclosure report with the Federal Election Commission (FEC). It offered the public a first look at his post-presidential finances. The 101-page report provided some new insights into Trump’s finances since he left office, including his social media business venture, and last year’s sale of digital trading cards known as NFTs, or non-fungible tokens.
Other Republicans who have announced their 2024 candidacies such as Indian-American Nikki Haley, a former United Nations ambassador and ex-South Carolina governor, whose campaign has said she collected USD 11 million in the six weeks since she launched her bid on February 15. But the filings show she raised less than that, and her campaign appears to have double-counted money routed among various committees. In all, Haley raised USD 8.3 million across three committees connected to her campaign.
Indian-origin biotech entrepreneur Vivek Ramaswamy, who declared his bid for the GOP nomination in February, loaned his campaign UDS 10.25 million and raised about USD 1.2 million from contributors through March 31. He had nearly USD 9.4 million in cash on hand at the end of the quarter, his FEC filing shows.