Eleven presidential candidates raised a combined $390 million in January

Michael Bloomberg (D) led presidential candidates in fundraising for January 2020, according to financial reports filed with the Federal Election Commission Thursday. Bloomberg raised $263.8 million in January, including $263.7 million in self-funding. He was followed by Tom Steyer (D), who raised $65.3 million, including $64.7 million in self-funding. Bernie Sanders ($25.2 million) and Elizabeth Warren ($11.0 million) were the only other candidates to raise more than $10 million

As of the January 31, 2020, reporting cutoff, President Donald Trump (R) had $92.6 million in cash on hand, the most of all presidential candidates. Bloomberg followed with $55.1 million, then Steyer with $17.9 million. Sanders had $16.8 million, and no other candidates had more than $10 million on hand.

President Trump’s $217.7 million raised to date is 27.0% more than the inflation-adjusted $166.0 million President Barack Obama (D) had raised at this point in his 2012 re-election campaign. According to Republican National Committee (RNC) finance reports filed Thursday, Trump and the RNC have raised a combined $810.9 million. At this point in the 2012 campaign cycle, Obama and the Democratic National Committee (DNC) had raised a combined inflation-adjusted $563.9 million.

The eight remaining noteworthy Democratic candidates have collectively raised $1.164 billion this cycle, while the three noteworthy Republicans have collectively raised $233.5 million. The eight Democrats had a combined $110.7 million in cash on hand to the three Republicans’ combined $97.5 million.

Since the start of the election cycle, the top five Democratic fundraisers are Bloomberg ($464.1 million), Steyer ($271.6 million), Sanders ($134.3 million), Warren ($93.0 million), and Pete Buttigieg ($83.0 million). The 11 noteworthy Democratic and Republican candidates have raised a combined $1.398 billion since the start of the election cycle.

Click here to learn more about 2020 Presidential election campaign finance.

Additional reading:
Presidential election, 2020
Presidential candidates, 2020
Democratic presidential nomination, 2020
Republican presidential nomination, 2020




About the author

David Luchs

David Luchs is a staff writer at Ballotpedia and can be reached at david.luchs@ballotpedia.org

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