2023-07-08 06:36:11
To date, the US presidential candidates have raised $75 million in donations for the November 5, 2024 election. The Federal Election Commission registers donations on an ongoing basis, but with a slight delay.
That’s why the ranking list at the end of June probably also lacked former President Donald Trump’s most promising opponent, Ron DeSantis (44), who only announced his candidacy on May 24, 2023. With just $1,174,000 in net worth and $141,400 in 2022 gubernatorial income, he’s more in need of campaign funds than Donald Trump’s $1.5 billion fortune.
In the 2016 legislature through the 2020 presidential election, a total of $10.9 billion was raised in election donations. Of that, 7.1 billion went to Democratic candidates and 3.6 billion to Republican candidates.
The volume of election donations has thus more than doubled since 2012, when “only” 5.2 billion were received. At that time, the Republicans got a little more with 2.7 billion than the Democrats with 2.5 billion. Of the 2020 election donations, 37 percent or 4 billion went to the presidential candidates, with Democrat Michael Bloomberg not topping the list with $1.12 billion, not Trump ($812 million) or Biden ($1.07 billion).
Seen in this way, the $75 million in election donations received so far for the presidential candidates are just a drop in the bucket. Republicans account for $62 million and Democrats for only $13 million.
Recently it became known that President Biden and his entourage are on the lookout for election donations more intensively, because the funds are no longer flowing as freely as in the last election.
The expensive donation tickets to his election events would already be given with envelopes. The donors take note of Biden’s projects and the low unemployment and also recognize that he was able to bundle the West in the Ukraine war behind him. But the poor poll numbers, the age of the candidate and occasional dropouts raise doubts as to whether Joe Biden (80) will make it again.
At the top of the list of donations for the presidency at the end of June is Republican John Anthony Castro (39), who comes from a poor background. But he still managed to get his law degree and founded his own global tax law firm and an artificial intelligence tech company. He has $20 million in his campaign account.
Donald Trump (77) currently ranks second with 18.3 million, and incumbent US President Biden only came third with 12.1 million dollars.
Even the Republican candidate Vivek Ganapathy Ramaswamy (37), son of Indian immigrants who founded the pharmaceutical and biotechnology company Roivant Sciences (market value 7.7 billion US dollars), is almost on par with 11.4 million dollars. Four more Republican candidates follow (Nikki Haley, Perry Johnson, Timothy Scott, Rollan Roberts II) until the second Democratic name, Marianne Williamson, appears at $934,000.
The list of donations for the Senate mandates shows ten candidates for the period from 2019 to the present, who collected amounts in the tens of millions, above all the Republican Ted Cruz with 34 million. All senators together brought it to 280 million, of which 151 are accounted for by the Democrats.
Looking ahead to the 2022 midterm elections, Representatives raised $1.7 billion over the previous two years. Since then, 23 members of parliament have already amassed more than a million each, most notably the new majority speaker, Republican Kevin McCarthy.
In the first half of 2023, donations to Representatives add up to 150 million. The Republicans are ahead in the Grand Chamber with 79 million. That’s how politics works in the US.
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