Former US president Donald Trump beat his rival Joe Biden in a remarkable fundraiser in Palm Beach’s $110 million mansion of billionaire John Paulson Saturday, however, his strategy was said to be exhausting his efforts in the long run.
Donald Trump — who has been indicted four times and is facing 91 criminal charges — recently faced a monetary crunch as he was ordered by a New York judge to pay a whopping $464 million bond which was later reduced to $175 million.
Trump’s campaign filings also revealed that over $50 million has been spent on his legal troubles since early last year. His team also raised over $65.6 million in March, with over $91.3 million cash on hand.
In contrast, Joe Biden amassed $90 million last month a $192 million cash on hand.
An official close to 81-year-old Biden fundraising told Axios that Trump’s “getting everyone to max out in April not a sustainable way to fund a campaign”.
“It’s a recipe for being broke in the months that will matter,” the outlet reported.
The Democrat also said that under the joint Trump fundraising agreement outlined on the Palm Beach invitation, a swath of the event’s proceeds will go to Trump’s political Political Action Committee — used to pay his legal bills.
According to the report, the agreement prioritises the PAC over the Republican National Committee (RNC).
