Trump is already swimming in cash for his 2020 re-election campaign
- US President Donald Trump has raised at least $106 million, or about R1.5 billion, for his re-election campaign since the start of his presidency in January 2017.
- In just this past quarter, Trump has pulled down more than $18 million.
- Trump's campaign may have raised more money, but it has also spent more than twice as much in the last three months.
US President Donald Trump raised over $100 million for his 2020 reelection campaign, an amount from the likes of which no US president since Ronald Reagan has seen at this point in their presidency, according to a Washington Post report published on Monday.
Trump raised at least $106 million since the start of his presidency in January 2017 and more than $18 million this past quarter, The Post reported. Trump appears set to carry on that momentum weeks ahead of the November midterms elections.
Last quarter, 98% of campaign donations were $200 or less, according to The Post.
Trump's campaign may have raised more money, but it has also spent more than twice as much in the last three months. Trump's campaign spent $3.6 million from April to June, less than half of the $7.7 million earned from July to September, according to filings reviewed by The New York Times.
The lion's share of Trump's campaign funds went toward advertising with American Made Media Consultants, a consulting firm established by Trump's re-election campaign manager, Brad Parscale. AMMC, which was reportedly incorporated in April, was paid $1.6 million, according to a Federal Election Commission report reviewed by The Times.
Despite the Trump campaign's quarterly gains, a Democratic candidate for the Senate appears to have out-earned him. Beto O'Rourke of Texas, a rising star in congressional politics, raked in $38.1 million last quarter and achieved a new quarterly fundraising record for a Senate election. O'Rourke's campaign tripled the $12 million Senator Ted Cruz, his Republican challenger and incumbent, earned last quarter.
But more fundraising does not necessarily translate to more votes. Although O'Rourke may have pulled in significantly more money than Cruz, some recent polls indicate Cruz has a healthy single-digit lead.
Receive a single WhatsApp every morning with all our latest news: click here.
Also from Business Insider South Africa:
- The price of Clicks’ faulty pregnancy tests: Fights, surgery and devastation
- There's a major bug with the PlayStation 4 - a single message can break your console
- A global beer shortage could be triggered by extreme weather, causing beer prices to skyrocket
- Here are the most popular name predictions of Prince Harry and Meghan Markle's baby
- This photo of a neck — or is it a back? — is going viral, and people are seriously stumped