The Constitution may bar President Donald Trump from running for and serving a third term in the White House, but that hasn't stopped him from continuing to raise substantial amounts of money since his re-election last year.

Trump revealed on Tuesday that, since his victory in November, he has raised more than $1.5 billion "in various forms and political entities," according to The Hill.

A sizeable portion of that money will undoubtedly go toward helping Republicans in the 2026 midterm elections, but some could also be held in reserve to form a base of financial support for the 2028 GOP presidential nominee, whomever that might be.

Trump built a massive war chest

In a late-night Truth Social post on Tuesday, President Trump wrote, "I am pleased to report that I have raised, since the Great Presidential Election of 2024, in various forms and political entities, in excess of 1.5 Billion Dollars. MAKE AMERICA GREAT AGAIN!!!"

According to an earlier report from The Hill, the primary political action committee affiliated with the president, MAGA Inc., has raised nearly $177 million so far this year and had nearly $200 million in cash on hand at the end of July.

The bulk of the overall funds was raised by the Republican National Committee, according to a Fox News report in June, which brought in around $900 million from donors since November.

That report noted that the "political warchest," estimated to be near $1.4 billion at that time, would most likely be used to support Republican efforts to retain and expand upon their majorities in the House and Senate in Washington D.C., though some of the funds could also be redirected to whatever Trump determined was "necessary and appropriate."

Meredith O'Rourke, a senior advisor and National Finance Director for the president, told Fox News, "After securing a historic victory in his re-election campaign in 2024, President Trump has continued to break records, including fundraising numbers that have positioned him to be an even more dominant force going into the midterms and beyond."

Democrats trailing far behind Republican fundraising

Meanwhile, as President Trump and Republicans are garnering record amounts in political donations so far this year, the same cannot be said of their Democratic opponents.

Though it is unclear how much they've raised thus far in total, the Democratic National Committee reportedly only had about $14 million in cash on hand at the end of July, as compared to more than $84 million in available cash for their RNC counterparts, according to ABC News.

Faring slightly better than the DNC was the House-focused Democratic Congressional Campaign Committee, which reported having around $40.4 million in the bank at the end of July, a sum that was a little bit higher than their GOP competitors, the National Republican Congressional Committee, which reported having approximately $37.6 million in cash on hand.

One bright spot for Democratic fundraising

Yet, while the national Democratic organizations appear to be struggling to convince donors to contribute financially to their flailing party, there is at least one elected Democratic member of Congress who apparently hasn't experienced the same troubles and instead has successfully built a "fundraising juggernaut," according to CNN.

That would be progressive Rep. Alexandria Ocasio-Cortez (D-NY), who has single-handedly raised nearly $15 million in the first half of 2025, with the overwhelming majority of the funds coming from small donors and averaging around $20 each, of which she still has approximately $10 million in cash on hand.

Given that she safely represents a deeply blue district and won't need to spend much on her re-election next year, there is some speculation about what she might use the accumulated funds for, which could include a 2028 run for the U.S. Senate seat currently held by Senate Minority Leader Chuck Schumer, or a presidential run in 2028, or, with some limitations, a state-level office or support for some of her fellow Democrats facing tough races.