US presidential candidate Donald Trump has significantly outpaced his Democratic rival Joe Biden in fundraising for the second quarter of 2024, according to the Financial Times.

The British newspaper's analysis of federal election campaign data reveals that Trump's campaign collected over $431 million from April to June, while Biden's campaign raised approximately $332 million—nearly $99 million less.

This fundraising period does not account for the effects of the June 27 debate or the assassination attempt on Trump on July 13.

Compared to the same period in 2020, Trump's campaign has more than doubled its fundraising results.

Initially, Biden's campaign was leading in donations. However, Republican fundraising surged after May 30, following Trump's conviction in the New York City court over the "hush money" scandal involving adult film actress Stormy Daniels.

Notably, billionaire Timothy Mellon contributed $75 million, including $50 million donated the day after the verdict, marking a significant boost in Trump's campaign finances.

Read more: Trump rallies after assassination attempt; Biden isolates with COVID

On Saturday, at his first rally since surviving an assassination attempt, Donald Trump framed the event as a powerful comeback, stating, "I had God on my side."

Trump drew large crowds to his Michigan rally Saturday, as he benefited from recent court rulings and his ability to use the assassination attempt to energize his base.

Biden on the other hand remained isolated at home with COVID-19. 

Is VP Harris going to replace Biden?

CNN reported on Saturday that an increasing number of Democrats are voicing their support for Vice President Kamala Harris' nomination as president on the Democratic ticket.

Many Democrats agree on the need to replace Joe Biden in the presidential race; however, they are reportedly not rushing to any conclusions. Even those with serious concerns about Biden's candidacy have ceased openly opposing him, the report said.

Harris is expected to present a more active challenge against the official Republican nominee Donald Trump, as per reports.

"I do believe it has to be the vice president. She's campaigning vigorously under the mantle and she's the natural successor," a Democrat told CNN.

According to ABC News, Biden feels personally hurt and betrayed by the growing number of Democrats, including close friends and allies, who are turning away from him.