Can Donald Trump go broke with 'flawed' fund raising strategy?

Joe Biden amasses $90m in March whereas Donald Trump secures $65m

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Web Desk
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Former president Donald Trump speaks during a campaign rally in Grand Rapids, Michigan on April 2, 2024. — Reuters
Former president Donald Trump speaks during a campaign rally in Grand Rapids, Michigan on April 2, 2024. — Reuters

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.

President Joe Biden waves as he departs for Baltimore from the White House in Washington on April 5, 2024. — Reuters
President Joe Biden waves as he departs for Baltimore from the White House in Washington on April 5, 2024. — Reuters

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).