Trump Raises $50 Million in One Night, Still Courting His Biggest 2020 Donor

Trump Raises $50 Million in One Night: With Trump as the presumptive nominee, his campaign and a joint fundraising committee can accept contributions of up to $814,600 per donor, while previously his campaign could only accept $6,600 per donor.

Brian Ballard, a GOP fundraiser, said, "This is likely to be the biggest and most successful fundraising event in history."

Many Republican megadonors generally support Trump's economic policies, including reduced regulation and limited government. Biden's repeated calls to increase taxes on the wealthy have not won him any friends.

Following the U.S. Capitol riot on Jan. 6, 2021, billionaire investor Nelson Peltz, who lost a proxy battle with Disney this past week, apologized for voting for Trump. But Peltz in March, speaking to the Financial Times, cited Biden’s immigration policies and what he said is his mental decline.

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Biden's campaign recently raised $26 million during a Manhattan event. There were two Democratic predecessors present at that event, Bill Clinton and Barack Obama. Tickets on the low end were a couple hundred dollars, far less than Trump's event, but Democrats were eager to tout the outcome.

In the primary, some of the boldface names set to attend Saturday's Trump fundraiser backed other candidates.

According to people familiar with his plans, Schwarzman is still undecided. He broke with Obama in 2022 and said he would support a new generation of Republicans. Singer has also been mentioned as a possible Treasury secretary candidate.

Singer contributed to the super PAC supporting Haley, Trump's biggest primary rival. Singer has also been raising money for Republican Senate candidates.

One of the nation's top GOP donors and a supporter of Haley, Citadel CEO Ken Griffin is less likely to support Trump. In the past, Griffin said he wanted to focus on congressional campaigns. He hasn't decided about running for president yet.

Initially, hotelier Robert Bigelow supported Florida Governor Ron DeSantis, but later changed his mind to support Trump. In an interview with Reuters, Bigelow said he would contribute $1 million to Trump's legal bills as well as $20 million to the campaign.

Hamm, an Oklahoma oil-and-gas billionaire who supported DeSantis and Haley in the primary, is hosting the Palm Beach fundraiser, which has suggested contributions ranging from $250,000 to $814,600.

Several holdouts remain, but Trump has an opportunity to win them over.

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