Businessman Tom Steyer (D) led all presidential candidates in fundraising for the third quarter of 2019, according to financial reports filed with the Federal Elections Commission Oct. 15. Steyer raised $49.6 million during the quarter, including $47.6 million in self-funding. He spent $47.0 million overall, including $34.1 million on television, digital, and direct mail ads. He was followed in fundraising by President Trump (R), who raised $41.0 million, and in spending by Bernie Sanders (I), who spent $21.6 million. Sanders announced his first ad buy, totaling $1.3 million, on October 1.
Since the beginning of 2017, President Trump has raised $165 million—nearly twice the $92.5 million President Obama (D) had raised at this point in his 2012 re-election campaign. According to Republican National Committee (RNC) campaign finance reports, Trump and the RNC have raised a combined $659 million. At this point in the 2012 campaign cycle, Obama and the Democratic National Committee (DNC) had raised a combined $402 million. At this point in the 2016 campaign, Trump had raised $5.8 million.
Trump had the most cash on hand of any candidate with $83.2 million. Sanders followed with $33.8 million. Two other candidates had more than $20 million on hand: Elizabeth Warren (D) with $25.7 million and Pete Buttigieg (D) with $23.4 million.
The 19 noteworthy Democratic candidates have collectively raised $437 million this cycle to President Trump’s $165 million and reported $130 million cash on hand to Trump’s $83.2 million.