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Donald Trump faces defeat in court, yet thrives in fundraising efforts.

Donald Trump's campaign has seen a significant influx of funds, with 130 million euros being raised in May. Nearly half of this amount was received within 24 hours following his conviction.

At least he can't complain about a lack of money: the newly convicted Donald Trump
At least he can't complain about a lack of money: the newly convicted Donald Trump

Upcoming American voting event. - Donald Trump faces defeat in court, yet thrives in fundraising efforts.

There's a trial happening, and loads of cash are flowing in. In the initial 24 hours following Donald Trump's conviction for obstruction and voter fraud charges, he received a significant amount - around $53 million, which roughly converts to $48 million euros. And that's far from enough - reports state that Miriam Adelson, heiress to a casino empire who's a long-time supporter of the ex-President, is planning to contribute more in the near future.

Will Miriam Adelson contribute $90 million to Trump?

The 79-year-old is said to be looking to donate millions to "Preserve America," a Political Action Committee (PAC) set up in 2020. This organization handles and disperses campaign funds for candidates, like TV spots or adverts.

Miriam Adelson's target is to significantly dent Joe Biden's campaign war chest, as per a report from US magazine "Politico." She's rumored to be planning to donate a staggering $90 million.

"Money from a criminal's campaign"

"Trump's billionaire buddies are supporting the campaign of an economic criminal since they know how the game works - they write him checks, and he cuts their taxes, while the working class picks up the tab," said Ammar Moussa, a spokesperson for Joe Biden's campaign team.

The Trump campaign hasn't yet revealed its donations figures for May. In April, it was around $50 million. Currently, Biden's team of backers has around $146 million, while Trump's has approximately $88 million.

$88 million in Trump's campaign funds

The current President's team is yet to disclose May donations. In the previous month, they raised $50 million. The amount accessible at present to Biden's campaign supporters is around $146 million, while Trump's totals at around $88 million.

Trump became the first former US President to be convicted for a criminal offense just a few days ago in New York.

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