So far, former President Donald Trump has raised under $10 million for his 2024 presidential campaign, according to analysis of Federal Election Commission reports filed this week.
Bloomberg called the haul “disappointing,” and The New York Times called it a “relatively weak” showing in the weeks following Trump’s Nov. 15 candidacy announcement.
With just $4.9 million raised with Trump’s 2024 campaign and joint fundraising committee in the final 33 days of last year, “the former president already facing an uphill battle in his comeback,” said Bloomberg. Additionally, Trump raised $4.2 million received through donors to the joint committee within two weeks of his announcement.
Shortly after Trump announced his third presidential campaign, Audacy reported that at least four billionaires known for supporting Republican causes were backing away from the candidate. Around that time, there was a weaker-than-expected GOP turnout during the midterm elections, particularly for Trump-backed candidates and a poll found that participants viewed Trump as the biggest “loser” of the election cycle.
According to Bloomberg, this month’s campaign filings reveal a “stunning reversal in donors’ sentiment toward Trump,” comparing it to the $250 million he raised in around two months between losing the 2020 presidential election and the Jan. 6, 2021, insurrection at the US Capitol.
An analysis of Trump’s filings from The New York Times found that he raised an average of $201,600 a day from his Nov. 15 candidacy announcement to the end of the year. This is just “a fraction of the sums that established front-runners from past elections – in both parties – have collected in their opening weeks, according to federal campaign finance reports.”
For example, the outlet said that former Gov. Jeb Bush of Florida opened his campaign for the 2016 presidential election with an average of $762,000 a day in its first weeks. That year, Hillary Clinton averaged $594,400 a day during her first campaign finance reporting period.
Despite Trump’s comparative lack of fundraising, a Harvard CAPS-Harris poll from earlier this month found that he remained the GOP frontrunner for 2024 with a 20-point lead over his nearest challenger, current Florida Gov. Ron DeSantis. As of Wednesday afternoon, polling from FiveThirtyEight indicated that Trump’s favorability rating was around 39% while President Joe Biden had an approval rating just under 42%.
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