Which Presidential Candidates Are Leading the 2024 Money Race?
Federal disclosures on Saturday provided a first glimpse of the money race between the presidential candidates for 2024, showing who has amassed the most campaign cash so far.
Cash on Hand on June 30 (in millions)
Donald J. Trump | $22.5 | |
Tim Scott | 21.1 | |
Joseph R. Biden Jr. | 20.1 | |
Ron DeSantis | 12.2 | |
Vivek Ramaswamy | 9.0 | |
+ See more candidates |
Former President Donald J. Trump leads his party with $22.5 million in cash on hand at the end of June, though this is an incomplete picture of the funds that can be used to advance his candidacy. Mr. Trump uses multiple fund-raising committees and is supported by a super PAC that can raise and spend unlimited sums on his behalf. These groups do not have to file financial reports until the end of the month.
Senator Tim Scott of South Carolina, another contender for the Republican nomination, followed closely behind, with $21 million in his campaign coffers, including money transferred from his Senate campaign.
President Biden had $20.1 million in cash at the end of June, but he reported raising more money than Mr. Trump. As an incumbent, Mr. Biden is also able to leverage funds raised by his party, which also reported a large fund-raising haul.
Money Raised From April 1 to June 30 (in millions)
DeSantis | $20.1 | |||
Biden | 19.9 | |||
Trump | 17.7 | |||
Burgum | 11.8 | |||
Ramaswamy | 7.7 | |||
+ See more candidates |
Gov. Ron DeSantis of Florida took in about $20 million this quarter, mostly from big-dollar contributions. He spent nearly $7.9 million of it, which is a “burn rate” of about 40 percent — on the high end compared with the other Republican candidates.
Former Vice President Mike Pence, who entered the race on June 5, raised just $1.2 million, a notably low figure.
The total amounts raised that campaigns report include personal loans and contributions from candidates to their own campaigns. Gov. Doug Burgum of North Dakota, a Republican, loaned himself $10 million of the $11.7 million he reported raising in the second quarter.
Another Republican, the multimillionaire entrepreneur Vivek Ramaswamy, reported a $7.7 million haul for the quarter — nearly all his own money.
Money Spent From April 1 to June 30 (in millions)
Trump | $9.1 | |||
Burgum | 8.1 | |||
Ramaswamy | 8.1 | |||
DeSantis | 7.9 | |||
Scott | 6.7 | |||
+ See more candidates |
The numbers reported by candidates’ campaigns are incomplete tallies of their financial support.
Candidates can form fund-raising vehicles beyond their official campaign committees, and they are increasingly doing so earlier on.
Here’s a guide to the often overlapping patchwork of committees.
For Republicans, these early filings are particularly important. Candidates will need to prove they have at least 40,000 unique donors in order to qualify for next month’s G.O.P. debate, and some have gone to great lengths to try to reach this threshold. Mr. Burgum has used gimmicks like offering $20 gift cards to the first 50,000 people to donate at least $1 to his campaign in hopes of getting onto the debate stage.
The total number of donors to each campaign is not included in the reports, but more detailed filings later this month can be used to estimate how close candidates are getting to the threshold.
Beyond campaign committees, below are the other committees associated with the candidates. Those without additional related committees are not listed.
Joseph R. Biden Jr.
Current president
84 days in race
Campaign, PACs and other groups | Cash on hand |
---|---|
Biden for President | $20.1 mil. |
Biden Victory Fund | $19.6 mil. |
Mr. Biden’s main fund-raising vehicle is a joint fund-raising committee, the Biden Victory Fund, which splits its proceeds between the Biden campaign account, state parties and the Democratic National Committee.
Donald J. Trump
Former president and businessman
243 days in race
Campaign, PACs and other groups | Cash on hand | ||
---|---|---|---|
Donald J. Trump for President 2024 | $22.5 mil. | ||
Trump Save America | Data expected July 31st | ||
Save America | Data expected July 31st | ||
MAGA Inc. | Data expected July 31st |
Mr. Trump has mostly raised money through a joint fund-raising committee, Save America, which then passes money to his campaign committee as well as his leadership PAC.
Tim Scott
Senator from South Carolina
55 days in race
Campaign, PACs and other groups | Cash on hand | ||
---|---|---|---|
Tim Scott for America | $21.1 mil. | ||
Opportunity Matters Fund Action | Data expected July 31st | ||
Opportunity Matters Fund Inc. | Data expected July 31st | ||
Tim Scott Victory Fund | Data expected July 31st | ||
Trust in the Mission | Data expected July 31st |
Ron DeSantis
Governor of Florida
53 days in race
Campaign, PACs and other groups | Cash on hand | ||
---|---|---|---|
Ron DeSantis for President | $12.2 mil. | ||
Ready to Win | Data expected July 31st | ||
Never Back Down PAC | Data expected July 31st |
Nikki Haley
Former governor and U.N. ambassador
152 days in race
Campaign, PACs and other groups | Cash on hand | ||
---|---|---|---|
Nikki Haley for President | $6.8 mil. | ||
Team Stand for America | Data expected July 31st | ||
Stand for America PAC | Data expected July 31st | ||
SFA Fund | Data expected July 31st |
Robert F. Kennedy Jr.
Anti-vaccine activist
88 days in race
Campaign, PACs and other groups | Cash on hand | ||
---|---|---|---|
Team Kennedy | $4.5 mil. | ||
American Values 2024 | Data expected July 31st | ||
Common Sense | Data expected July 31st |
Chris Christie
Former governor of New Jersey
40 days in race
Campaign, PACs and other groups | Cash on hand | ||
---|---|---|---|
Chris Christie for President | $1.6 mil. | ||
Tell It Like It Is | Data expected July 31st |
Mike Pence
Former vice president
41 days in race
Campaign, PACs and other groups | Cash on hand | ||
---|---|---|---|
Mike Pence for President | $1.1 mil. | ||
Committed to America PAC | Data expected July 31st |
Francis Suarez
Mayor of Miami
32 days in race
Campaign, PACs and other groups | Cash on hand | ||
---|---|---|---|
Suarez for President | $898,850.30 | ||
SOS America PAC | Data expected July 31st |
Asa Hutchinson
Former governor of Arkansas
105 days in race
Campaign, PACs and other groups | Cash on hand | ||
---|---|---|---|
Asa for America | $378,677.55 | ||
Team Asa | $107,352.62 | ||
America Strong and Free Action | Data expected July 31st |
Larry Elder
Conservative talk radio host
87 days in race
Campaign, PACs and other groups | Cash on hand | ||
---|---|---|---|
Elder for President 24 | $324,616.78 | ||
Elder Victory Fund | $6,200.00 | ||
We’ve Got a Country to Save | Data expected July 31st |
Read the full article Here