As of May 31, 2024, the end of the most recent presidential campaign finance filing period, former President Donald Trump (R) led noteworthy presidential candidates in cash on hand with $117 million, followed by President Joe Biden (D) with $92 million, Robert F. Kennedy Jr. (I) with $6 million, and Chase Oliver with $25,362.
Biden led in cumulative fundraising and spending with $232 million in receipts and $141 million in disbursements, followed by Trump with $200 million in receipts and $83 million in disbursements, Kennedy with $47 million in receipts and $40 million in disbursements, and Oliver with $108,217 in receipts and $83,855 in disbursements.
Adjusting for inflation, Biden’s 2024 cumulative fundraising ($232 million) is lower than his fundraising at this point in the 2020 cycle ($233 million), and lower than Hillary Clinton’s (D) fundraising at this point in the 2016 cycle ($272 million).
Trump’s 2024 cumulative fundraising as of May 31 ($200 million) is lower than his cumulative fundraising at this point in 2020 ($310 million), and higher than his cumulative fundraising at this point in 2016 ($74 million).
Looking at each major party presidential candidate since 2008, former President Barack Obama’s (D) 2008 presidential campaign had the highest fundraising at this point in the cycle, at $405 million adjusting for inflation. Trump’s 2016 fundraising was the lowest at this point in the cycle for any major party presidential candidate in this time period.
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