Billionaires fill up Trump's coffers

It is primarily dollar billionaires and millionaires who are filling up Republican Donald Trump's campaign fund. The Democratic candidate Kamala Harris is leading, however, in terms of most collected money.

» Published: October 22 2024

Billionaires fill up Trump's coffers
Photo: AP/TT

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During the third quarter, Harris received around one billion dollars, more than ten billion kronor, according to information from the Federal Election Commission. It was more than double what Trump received.

Decisive

It is almost entirely decisive for a presidential candidate to have a robust campaign fund, otherwise the chances of being elected decrease significantly. At the end of the election campaign - there are two weeks left until the election on November 5 - the money is needed even more.

Of the approximately one billion dollars Harris received during the third quarter, 321 million dollars came in the form of smaller donations under 200 dollars. Donald Trump received a third as much from smaller donors.

Since President Joe Biden dropped out of the re-election campaign in July and promoted Kamala Harris as the party's candidate, she has received donations from almost 5 million donors, compared to 1.3 million Trump donors.

According to an analysis in Financial Times, Biden and Harris' campaign have collected 1.6 billion dollars from January 2023 to September this year, compared to Trump's nearly 900 million dollars.

But if the large fundraising organizations, called Superpacs, are included, the difference decreases - 1.9 billion to 1.5 billion dollars.

From billionaires

Over half a billion of Trump's funds come from donors who have donated more than one million dollars each.

Four billionaires, including Elon Musk, Timothy Mellon, and Miriam Adelson, have via fundraising organizations donated 395 million dollars, over 4 billion kronor to Trump's campaign.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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