Former President Donald Trump continues to raise funds for his campaign for the US presidential election. His fund took a nosedive mainly after he was recently convicted on 34 charges. A billionaire has already donated $50 million to his campaign fund. As a result, his gap with President Joe Biden in fundraising is believed to be narrowing. How much money has been deposited in whose fund will be known next month. News from New York Times

Trump managed to collect $81 million in donations last May. Trump’s financial support increased after the conviction. Beat Biden in this. During that time, Biden’s campaign and the Democratic National Committee raised a combined 85 million.

On the other hand, Trump and the Republican National Committee have 141 million. However, Biden’s campaign team says that this June, the amount of funds jointly by the party and Biden stood at 212 million dollars.

Partial data published by the Federal Election Commission last Thursday showed that Trump jointly collected at least 170 million dollars with the party. Overall, Trump was $100 million behind Biden’s collection at the start of last April.

But in two months he has halved that cash deficit.

A full accounting of both parties’ finances will be disclosed in federal filings next month. But because of Trump’s fundraising and Biden’s big spending on advertising this spring, the two parties’ collections appear to be about equal.

Meanwhile, a billionaire named Timothy Mellon gave Trump 50 million dollars alone. He donated the money the day after he was found guilty of 34 offences. This is the single biggest gift ever.

On the other hand, the former mayor of New York City, Michael R., donated about 20 million to Biden. Bloomberg.