Donald Trump’s campaign said it took in more than $50 million at a single fundraising event Saturday in Florida — the latest salvo in a swaggering, high-stakes battle for big money with Joe Biden.

While spending huge sums of money on campaigning may not be something to brag about in some countries, it’s often a source of pride for US political candidates.

And this year, raising big bucks is as important as ever, with the November 5 presidential election expected to be the most expensive electoral cycle in US history.

The Republican former president and the Democratic incumbent have been working to outraise each other for months, boasting about each new significant cash infusion.

Biden, 81, raised the stakes at the end of March when he headlined a huge event in New York with former presidents Barack Obama and Bill Clinton at his side, raking in at least $25 million — a record, according to his team.