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Twitter Share to Linkedin Topline President Joe Biden’s reelection effort raised over $187 million in the first quarter of 2024, including $90 million in March alone, his campaign announced Saturday, widening the cash gap ahead of the campaign of former President
Donald Trump, who is expected to bring in millions during a major fundraising event this weekend. Biden’s campaign said it finished the first quarter with $192 million of cash on hand—a record for a ... [+] Democrat at this point in the campaign. Key Facts Biden’s campaign has $192 million in cash on hand, a record for any
Democratic candidate in history at this point in the
election cycle, the campaign said. The funds—donated to Biden’s campaign, the Democratic National Committee and joint fundraising committees—were largely from grassroots donors, as 96% of donations through the first quarter were under $200, Biden’s campaign said. More than $26 million was brought in during an event in
New York City last week, which featured former Presidents
Barack Obama and
Bill Clinton and tickets that sold for up to $500,000. Big Number Over 212,000. That’s how many sustaining donors—people with recurring donations—the Biden campaign has, more than doubling the amount at this point in the 2020 election cycle, the campaign said. In March, 704,000 individuals made 864,000 donations to Biden’s campaign. What To Watch For Trump is expected to bring in an estimated $43 million at an event in Palm Beach,
Florida later on Saturday. The event—hosted by billionaire John Paulson—features Trump’s former
Republican primary opponents Sen. Tim Scott, R-S.C., North Dakota Gov. Doug Burgum and biotech entrepreneur Vivek Ramaswamy. Those attending the event, with tickets up to $815,000 per person, include billionaires John Catsimatidis and Steve Wynn in addition to aerospace executive Robert Bigelow, among others. Key Background Biden’s campaign has continued to lead over Trump in donations. The
Trump campaign and the Republican National Committee said earlier this week they raised a combined $65.6 million in March, entering April with $93.1 million in cash on hand after ending February with $53.2 million. Despite Biden leading in fundraising, Trump has a one-percentage-point lead over Biden, according to the latest RealClearPolitics polling average. While some recent polls indicate signs of improvement for Biden, he’s still underperforming where he was at this time in 2020, according to
NBC. Further Reading Biden Campaign Attacks Trump-Aligned Billionaires John Paulson, Jeff Yass On Social Security ( Forbes ) Biden Raises Nearly $100 Million At End Of 2023—With Record Amount Of Cash To Spend ( Forbes ) Editorial Standards Print Reprints & Permissions