Donald Trump’s political influence continues to soar as new campaign finance disclosures reveal his war chest swelled to a staggering $375 million in 2025. This unprecedented accumulation of funds sets a new benchmark not just for term-limited presidents but for any political figure in the U.S. as we head into 2026.

In the latter half of 2025 alone, Trump’s joint fundraising committee, the Trump National Committee, amassed $26 million, complemented by an additional $8 million funneled directly into his leadership PAC, Never Surrender. A super PAC closely associated with Trump, MAGA Inc., reported having over $300 million ready for deployment.

This financial behemoth dwarfs the resources available to any other Republican or Democrat and positions Trump as a formidable force in the upcoming midterm elections and beyond. Despite his ineligibility to run for another presidential term, Trump’s financial arsenal remains robust, primarily fueled by both large and small-dollar donations.

Trump's fundraising prowess was particularly evident on WinRed, the primary Republican online fundraising platform, where his committee accounted for one-eighth of all money raised in the second half of 2025. MAGA Inc. alone raised more money than any other super PAC this past year, totaling $289 million, with high-profile fundraisers featuring Trump and Vice President J.D. Vance.

The utilization of these funds remains somewhat ambiguous. The majority of the Trump National Committee’s distributions bolster Trump’s leadership PAC, with smaller amounts aiding the Republican National Committee and Vance’s PAC, Working For Ohio. Leadership PACs, often criticized as political "slush funds," are prohibited from funding personal election campaigns but can finance political travel, endorse allies, and more.

From July to December, Never Surrender expended $6.7 million, with over half directed towards advertising, digital consulting, and direct mail—expenses that are typically aimed at fundraising efforts. Although Trump has made several endorsements in Republican primaries, significant financial intervention in these races has yet to be seen. Notably, a Trump-affiliated super PAC, MAGA KY, targeted Rep. Thomas Massie without significant financial backing from Trump’s groups.

In 2025, MAGA Inc.'s sole election-related expenditure supported Matt Van Epps in Tennessee’s 7th District special election, marking a strategic, albeit minimal, use of its vast resources.

Trump’s financial dominance not only underscores his continued influence over the Republican Party but also highlights the stark contrast in resources between his groups and other major party organizations. The Republican National Committee ended the year with $95 million, a mere quarter of what Trump-linked groups possess, while the Democratic National Committee faces even more dire financial straits with just over $14 million in hand and over $17 million in debt.

As the political landscape gears up for another heated electoral season, Trump’s financial juggernaut remains poised to reshape American politics, maintaining his grip on power and influence within the GOP and the broader national arena.