Steyer leads presidential candidates in third-quarter fundraising and spending, Trump continues to lead for cycle

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.