In the lead-up to the 2024 United States presidential election, a significant fundraising competition has emerged between President Joe Biden and former President Donald Trump. At a recent event in New York, Biden, accompanied by former Presidents Barack Obama and Bill Clinton, raised a record-breaking $25 million. This event, which featured performances by well-known artists such as Lizzo and Queen Latifah, highlighted the Democratic Party’s unity and backing for Biden. Despite the success, the fundraiser was marred by protests inside and outside the venue, mainly focused on Biden’s position regarding Israel’s actions in Gaza.

Simultaneously, Donald Trump is organizing a major fundraising push at his Mar-a-Lago club in Florida, with the goal of gathering $33 million. With ticket prices ranging from $250,000 to $800,000, the event promises attendance from notable figures, including Steve Wynn and John Paulson. Trump has expressed confidence in surpassing Biden’s fundraising achievements, relying on his extensive network and resources to bolster his campaign’s financial foundation.

As the 2024 election draws closer, both Biden and Trump are intensifying their efforts to amass campaign funds, recognizing the pivotal role that financial support plays in securing a successful bid for presidency.