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How Billionaires Are Reshaping the Presidential Race

By Ilene
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Donald Trump trailed President Biden in fund-raising for months but has closed the gap.Credit...Doug Mills/The New York Times

Wealthy donors including Timothy Mellon helped Donald Trump’s campaign out-raise President Biden’s last month, but Democratic supporters are still spending.

By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni

Donald Trump has rapidly erased his cash disadvantage against President Biden, out-raising his Democratic rival for a second straight month. Powering that fund-raising haul was a coterie of well-heeled supporters who donated millions shortly after the former president was convicted of 34 felony counts in New York.

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