NEW YORK (AP) — Donald Trump’s campaign said it raised $50.5 million on Saturday, a staggering reported haul as his campaign works to catch up to the fundraising juggernaut of President Joe Biden and the Democratic Party.

The reported haul from the event with major donors at the Palm Beach, Florida, home of billionaire investor John Paulson sets a new single-event fundraising record and is almost double the $26 million that Biden’s campaign said it raised recently at a gathering with former Presidents Bill Clinton and Barack Obama at Radio City Music Hall in New York.

“It’s clearer than ever that we have the message, the operation, and the money to propel President Trump to victory on November 5,” his campaign senior advisers Chris LaCivita and Susie Wiles said in a statement.

The event, billed as the “Inaugural Leadership Dinner,” sends a signal of a resurgence of Trump and the Republican Party’s fundraising, which has lagged behind Biden and the Democrats.