Trump Holds Major Fundraising Event in Florida

is holding a major fundraising event in Florida on Saturday, hoping to lay down a new marker in a swaggering, high-stakes race for large donations with Joe Biden .

And this year, raising big campaign bucks is as important as ever, with the November 5 presidential election expected to be the most expensive electoral cycle in the country's history. Biden, 81, raised the stakes -- quite literally -- at the end of March, when a large dinner reception in New York brought him $25 million, a record haul, according to his team.Trump, 77, will attempt to raise nearly twice as much at the Florida fundraiser on Saturday evening -- between $43 and $50 million, according to US media.

Trump's fundraiser in Florida is organized by billionaire John Paulson. Photo: SPENCER PLATT / GETTY IMAGES NORTH AMERICA/Getty Images via AFP/File"While Trump is raising money from a bunch of hedge fund billionaires, our grassroots campaign raised $187M this quarter because of folks like you," he said on X, formerly

Trump Fundraising Event Florida Joe Biden Large Donations Campaign Presidential Election Expensive Electoral Cycle

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