The Biden campaign is set to host a star-studded fundraiser in Los Angeles next month, featuring former President Barack Obama, George Clooney, and Julia Roberts. The event aims to boost Biden’s financial advantage over former President Donald Trump. The campaign plans to run a contest for supporters featuring Clooney and Roberts, who have acted together in multiple films, and the stars will also promote Biden’s campaign on social media and digital ads.
Obama has already participated in a fundraiser for Biden in March, alongside former President Bill Clinton, which raised $26 million. Obama is expected to increase his campaign efforts as the election approaches. The news of the upcoming star-studded fundraiser comes as the Biden campaign raised $10 million in a 24-hour period during the president’s West Coast swing last week. Biden participated in multiple fundraisers in the Bay Area and Seattle, with his fundraising figures for the previous month set to be released soon.
Biden’s cash advantage over Trump has been a significant highlight of his campaign, with the former vice president having nearly double the amount of cash on hand compared to Trump as of the last available filings in March. Biden has been utilizing this financial advantage for television ads, staffing in battleground states, and travel. However, now that Trump has secured the GOP nomination, his fundraising efforts have picked up significantly, with the president raising tens of millions of dollars at individual events over the past few weeks, including a record $50.5 million at an April fundraiser in Florida. Trump’s advisers have reported that he raised $76 million in total for the month of April.
The star-studded fundraiser in Los Angeles is part of Biden’s strategy to maintain and expand his financial advantage over Trump. The involvement of A-list celebrities like George Clooney and Julia Roberts is expected to attract more support and contributions for Biden’s campaign. Obama’s participation and expected increase in campaign efforts also signal a growing momentum leading up to the election. With Trump’s fundraising efforts accelerating now that he has secured the GOP nomination, Biden will need to continue raising substantial funds to compete effectively in the upcoming election.
Overall, Biden’s campaign fundraising efforts have been successful, with significant contributions coming in from various sources. The upcoming release of fundraising figures for the previous month will provide further insight into the campaign’s financial standing. As the election nears, both candidates will continue to ramp up their fundraising activities to support their campaign efforts. With star-studded fundraisers and high-profile events, both campaigns are working to secure the financial resources needed to compete effectively in what is expected to be a closely contested election.
