A look inside DeSantis’s lavish spending, Trump’s financial prowess and more.
Trump Dominates Fundraising
The 2024 Republican presidential race is heating up, not just in terms of potential candidates, but also in fundraising efforts.
With the first states to vote in the race approaching, candidates are amassing their war chests to launch their campaigns.
$24.5 Million in Three Months
In this financial showdown, Donald Trump has emerged as the clear frontrunner, raising a staggering $24.5 million in the past three months.
Leveraging Legal Challenges
This not only solidifies his position but also underscores his ability to galvanize small donors, leveraging his legal challenges to fuel his campaign.
Trump’s Jailhouse Mugshot
While facing a litany of legal challenges, his campaign cleverly used his jailhouse mugshot to motivate donors, resulting in a significant surge in contributions.
Trump Eclipses Rivals
This influx of funds has bolstered Trump’s war chest to an impressive $37.5 million, eclipsing his rivals.
Trump’s Calculated Spending
While Trump leads in fundraising, he also demonstrates financial prudence by spending only $9.5 million during the same period.
Budgeting for Swing States
Trump’s calculated spending leaves him well-equipped to flood the airwaves with campaign advertisements, especially in crucial states like Iowa and New Hampshire, where early victories are pivotal in the race.
Tim Scott Coming Up Second
Among Trump’s Republican rivals, Senator Tim Scott emerges as the second-highest fundraiser, amassing $13.3 million in campaign funds.
DeSantis Follows Closely
Following closely behind is Florida Governor Ron DeSantis, Trump’s closest competitor in the polls, with $12.3 million.
Nikki Haley and Vivek Ramaswamy
Former UN ambassador Nikki Haley stands strong with $11.6 million, while businessman Vivek Ramaswamy secures $4.2 million.
DeSantis’s Lavish Spending
While DeSantis raised $11.2 million in the last quarter, he adopted a more lavish spending approach, including a substantial $1.5 million on private jets.
All Eyes on Iowa
Most of these flights connected Florida to Iowa, a clear indicator of DeSantis’s campaign strategy. However, DeSantis has recently curbed his spending, using only $1.3 million in September compared to $6 million in July.
To further focus on Iowa, he relocated one-third of his campaign staff to the state.
Nikki Haley experienced a surge in donations following her participation in two recent Republican debates.
Her campaign’s $11.6 million war chest represents a remarkable increase of over $7 million since the end of June.
Emerging Momentum for Haley
Notably, she welcomed contributions from 40,000 new donors over the past three months.
Her campaign sees this support as a sign of emerging momentum to lead America beyond the challenges of the past.
Pence Far Behind
In contrast to the top contenders, former Vice President Mike Pence reported only $1.2 million in available funds, accompanied by $620,000 in outstanding debts.
Can the Other Candidates Catch Up?
Pence’s financial situation underscores the growing financial divide in the Republican race, with Trump and a few leading candidates amassing significant resources, while others face financial constraints.
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