Since being booked into Fulton County Jail in Georgia on Thursday, former President Donald Trump has managed to generate an astonishing $7 million from his mug shot. This surge in funds follows allegations from authorities that Trump engaged in unlawful attempts to overturn the 2020 election results in the state.
First President with a Mugshot
Trump is the first former president in U.S. history to have a mugshot taken and rather than being a hindrance, it’s proving to be profitable.
Trump’s Highest-Grossing Day
Steven Cheung, Trump’s campaign spokesman in the 2023-24 Republican primary said that, on Friday alone, the campaign brought in $4.18 million, which is its highest-grossing day to date.
Legal Issues are Proving Profitable
Trump’s campaign immediately seized the opportunity to capitalize on his high-profile arrest.
Shortly after he was booked in jail, his campaign released a slew of new merchandise, including t-shirts, bumper stickers, mugs and beer koozies featuring Trump’s historic mugshot.
New Merchandise Gives a Boost of Much-Needed Cash
The new merchandise provided an instant boost of cash, as the contributions from those who had purchased Trump’s arrest memorabilia or donated money skyrocketed, especially after Trump’s tweet: “ELECTION INTERFERENCE NEVER SURRENDER!
$20 Million in 3 Weeks
Cheung said the new injection of cash had brought the campaign’s fundraising haul over the last three weeks to nearly $20 million as Trump faced two separate indictments over his efforts to keep the Oval Office.
Trump Indicted in Georgia
Last week, he was indicted along with 18 others by a Fulton County grand jury in his role to overturn Georgia election results.
Previously Indicted in Washington
Trump was previously indicted in Washington in early August on felony charges related to his efforts to overturn the results of the 2020 election which are often seen as a precursor to the U.S. Capital riot.
Third Indictment, but First Mugshot
The former president and his co-defendants in Georgia were required to surrender at the Fulton County jail by Friday.
Fulton County was the first to require a mug shot, even though the former president has been indicted three other times this year.
Still Leading the Republican Field
Despite spending tens of millions of dollars on his legal defense, Trump remains the leading candidate in the crowded Republican field.
He leads his rivals by 30 to 50 percent points, including Florida Gov. Ron DeSantis, who has built his political profile on culture wars with Disney and the LGTQ community and anti-abortion laws.
Trump’s Legal Bills Pile Up
Campaign records show that Trump raised over $53 million during the first half of 2023, during which his first two criminal indictments catalyzed a fundraising spree.
During this time, his political committee has shelled out at least $59.2 million to more than 100 lawyers and law firms since January 2021.
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The post Trump’s ‘Mugshot Money’ – How Getting Arrested Became His Latest $7M Cash Cow first appeared on Wealthy Living.
Featured Image Credit: Shutterstock / Evan El-Amin. The people shown in the images are for illustrative purposes only, not the actual people featured in the story.
Source: CNBC