Despite Trump’s near-constant legal troubles, the former president and extremely controversial businessman is easily out-earning his GOP competition ahead of the 2024 Presidential Elections.
Trump raked in over $24 million during the third quarter, which is more than twice what any other Republican rival has raised, including Florida Governor Ron DeSantis.
Trump’s campaign raised considerably less than $45 million, which was disclosed as the sum collected by his joint fundraising committee between July and September. This suggests that the joint fundraising committee incurred significant expenses before transferring funds to Trump’s campaign.
Nevertheless, Trump enjoys a strong financial position.
DeSantis’ fundraising has slowed down, with $12.3 million in the Florida governor’s account. Nikki Haley, former U.N. Ambassador, reported $11.5 million in her coffers at the close of the third quarter. Even independent candidate Robert F. Kennedy, who previously announced his candidacy, raised $11 million since officially kicking off his presidential campaign.
Trump’s financial advantage has significant implications.
If his commanding lead in polls wanes, he can easily outspend his primary competitors on advertising. Additionally, he can maintain a larger payroll to bolster his ground game advantage. Although DeSantis has a well-funded super PAC to address these disparities, it cannot legally coordinate with his campaign.