Mr Trump hailed the success on his Truth Social social media channel.
“Biggest night in Fund Raising of ALL TIME!!! Will double up the Biden number of last week at Radio City. People are desperate for change. They want to MAKE AMERICA GREAT AGAIN!” he wrote.
The haul will also go some way towards paying the former president’s massive legal bills as he tackles a blizzard of civil and criminal litigation.
Under an agreement with the Republican National Committee, the first $6,000 of each donation goes towards Mr Trump’s presidential campaign and the next $5,000 towards a political action committee which has been footing the bill for the legal costs.
“You can’t run for president without enormous amounts of money,” Professor Christopher Galdieri, of the politics department at Saint Anselm College in New Hampshire, told The Telegraph.
“Biden has been outpacing Trump and he is playing catch up,” he added.
Mr Biden currently has $192 million cash in hand and Mr Trump $93 million.
Prof Galdieri continued: “There are a lot of folks who like his tax policies more than what they are hearing from Biden.
“Trump was outspent by Hillary Clinton in 2016, but he still won. While there is a law of diminishing returns, nobody wants to be the campaigner who says they want to do it on the cheap, you want to raise as much money as you can.”
Amanda Smith is a dedicated U.S. correspondent with a passion for uncovering the stories that shape the nation. With a background in political science, she provides in-depth analysis and insightful commentary on domestic affairs, ensuring readers are well-informed about the latest developments across the United States.
