President Donald Trump has amassed a nearly $200 million war chest through the first six months of 2025, a gargantuan sum for a term-limited politician.
According to a Federal Election Commission filing submitted Thursday by MAGA Inc., Trump’s super PAC, the president raised roughly $177 million in the first six months of his second term in office. MAGA Inc. has more than $196 million on hand, and Trump and his allies signal he plans to spend heavily in the coming midterm election cycle.
MAGA Inc.’s haul includes several multi-million dollar contributions from tech executives, including $5 million from a crypto group founded by Sam Altman, $6 million combined from Marc Andreessen and Ben Horowitz, and $5 million from political backer-turned-adversary Elon Musk, according to the New York Times.
Trump’s fundraising prowess has far surpassed that of other modern presidents. Priorities USA, a super PAC that supported former President Barack Obama during his political career, reported raising just $356,000 during the first six months of Obama’s second term and held roughly $3 million in reserves.
Republican operatives plugged into Trump’s political operation say that the president plans to spend heavily in the midterm elections, both against Democrats ahead of the November elections and in the Republican primaries themselves.
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Author: Marty Kaufmann
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