Trump campaign says it raised over $60 million in June

Donald Trump speaks at an event  in Denver on July 1, 2016.
Donald Trump speaks at an event in Denver on July 1, 2016. PHOTO: REUTERS

NEW YORK (AFP) - Stung by revelations last month that he trailed Hillary Clinton's fundraising efforts by more than US$40 million, Donald Trump's campaign announced Wednesday it had raised more than US$50 million (S$67 million) in June.

The tycoon's team said more than US$26 million had been raised from more than 400,000 supporters through a newly set up online and small contribution network.

Twenty-two fundraising events raked in another US$25 million since the last week of May and Trump had personally contributed US$3.8 million, it said.

"We just started our fundraising efforts in the last week of May and we are extremely pleased with the broad-based support," said Steven Mnuchin, the campaign's finance chairman.

The fundraising push comes after filings to the Federal Election Commission showed that Clinton had US$42 million cash on hand compared to US$1.3 million for Trump, sounding alarm about his readiness for a gruelling election battle.

Trump, who denounced Clinton's war chest last month as "blood money", has repeatedly knocked political rivals for being beholden to mega-donors.

But after The New York Times reported that around 20 per cent of his campaign expenses were being ploughed back into his businesses, Trump wrote off more than US$50 million in personal donations to his campaign as a gift.