Trump’s political operation expects a significant influx of donations, aiming for $500 million by summer to support GOP efforts.
West Palm Beach: Team Trump is really raking in the cash these days. After his election win, they’re expecting to pull in around $500 million by summer. That’s a huge boost for the GOP.
This cash flow is about a third of what Trump and his allies raised in 2024. It’s going to help support Republicans in the upcoming 2026 midterms. One adviser mentioned that money is just pouring in at Mar-a-Lago without Trump even having to ask.
They’re on track for this goal, and it’s not just a pipe dream. Donations are coming from various Trump-aligned groups, including the Republican National Committee and his inauguration fund.
In the past, Trump was outspent in elections, but now it seems donors are eager to support him. Big names like Hyundai and Google are stepping up, each pledging $1 million to his inaugural fund.
Even some CEOs, like Tim Cook from Apple, are getting in on the action, donating around $1 million. The donations are coming from all over, including finance, tech, and healthcare.
Since Trump’s win, industry leaders have been flocking to Mar-a-Lago to meet him. His allies are gearing up for a strong financial position heading into the midterms.
Interestingly, the crypto crowd is really stepping up their game, with some folks giving as much as $10 or $20 million. Trump has even appointed David Sacks as his AI and Crypto Czar, showing he’s open to working with the crypto industry.
Despite the cash influx, Trump’s team insists he won’t be swayed by donors. He’s known for saying he’ll take their money but do what he wants, regardless of their agenda.
Some companies are worried that rivals will get closer to Trump, which is pushing them to donate. Elon Musk has been particularly active in courting Trump, and it seems to be influencing other tech leaders to do the same.
Jeff Bezos has also been publicly optimistic about Trump, while Mark Zuckerberg has been more critical of the Biden administration lately. All three tech giants are expected to attend Trump’s inauguration.
In the last election cycle, Trump and his groups raised about $1.4 billion, while his opponents raised around $2 billion. It’s shaping up to be an interesting political landscape.
