Aug 1, 2021 - Politics & Policy

Trump PACs raise over $82M for first half of 2021

Axios

Former U.S. President Donald Trump prepares to speak during the Conservative Political Action Conference CPAC held at the Hilton Anatole on July 11, 2021 in Dallas, Texas. — Former President Trump during the Conservative Political Action Conference in Dallas, Texas, on July 11. Photo: Brandon Bell/Getty Images

Former President Trump's political action committees (PACs) raised more than $82 million in the first half of 2021, per Federal Election Commission filings published on Saturday.

Why it matters: It's a significant amount for a former president who's been banned from major social media platforms. It demonstrates his ability to raise huge sums of money should he choose to run for the presidency for a third time.

No other former president has ever raked in nine figures for donations for a political operation, Politico notes.

Details: Trump's affiliated political committees raised nearly $82 million during from Jan. 1 to June 30, 2021, from 3.2 million contributions, according to an emailed statement from his representatives.

"The committees have approximately $102 million cash on hand," the statement added.

The big picture: Trump's major fund-raising arms are the Save America and Make America Great Again PACs, along with his former campaign account, which became a PAC this year.

Trump has so far held on to the vast majority of money raised this year, per the Washington Post, which first reported news of the PACs' fund-raising total.

Go deeper: Trump's Republican critics rake in cash

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Trump PACs raise over $82M for first half of 2021

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