Donald Trump’s political war chest grew dramatically in the second half of 2025, according to new campaign finance disclosures submitted late Saturday, giving him an unprecedented amount of money for a term-limited president to influence the midterms and beyond.

Trump raised $26 million through his joint fundraising committee in the back half of last year, and another $8 million directly into his leadership PAC. And a super PAC linked to him has more than $300 million in the bank.

All together, a web of campaign accounts, some of which he controls directly and others under the care of close allies,