Donald Trump, the twice-impeached ex-president who lost the popular vote twice and tried to stage a coup, has always made much of his ability to grift. Since running for office, the self-reported billionaire who sits on gold toilets has been able to bilk billions of dollars from working-class supporters he claims to identify with, using that money to not only fund his campaign agenda but to pocket as much as they’ll give him.
However, since the FBI’s raid on Mar-a-lago, an event Trump said would make him even more money through fundraising, the story on Trump’s ability to fundraise has shifted significantly.
Following the raid that netted law enforcement dozens of top secret and highly classified documents illegally taken by Trump to his Florida golf resort, Trump and his allies began fundraising, telling supporters that the ex-president had been unfairly targeted and, with their donations, was going to fight the evil Democrats intent on holding him accountable for his crimes. The fundraising has, in just since July 2022, brought in more than $24 million.
Trump, however, has spent more than $37 million of that money, leaving his fundraising numbers in the red. In truth, that means Trump raised actual operating funds in the amount of around $3.6 million for his two main committees, who have spent more than $15.5 million on operating costs alone.
According to The Daily Beast:
‘Those losses didn’t stop Trump’s allies from boasting to the media that the ongoing federal investigation into his hoarding of government records was playing out as a political and financial win, claiming the legal boondoggle had only energized his MAGA base. In truth, they weren’t telling the whole story—the twice-impeached former president had been hemorrhaging cash all along, while apparently struggling to convert small-dollar donors.’
Trump’s committees spent more than $23 million on costs related to operations to raise money, leaving Trump with just $1 million to spend. Legal fees have amounted to more than $7.5 million, meaning Trump is just as poor in campaign funds as he is in real life: in debt and without any real profits.
Twitter had no sympathy for the embattled ex-president and his quickly waning fundraising totals. Read some of their comments below: