Donald Trump raises $24.8 million in less than 24 hours of launching re-election campaign for presidency in 2020

President Donald Trump raised 24.8 million dollars, less than 24 hours after kicking off his re-election campaign

The Associated Press June 20, 2019 10:12:11 IST
Donald Trump raises $24.8 million in less than 24 hours of launching re-election campaign for presidency in 2020
  • President Donald Trump raised 24.8 million dollars, less than 24 hours after kicking off his re-election campaign

  • Trump's massive haul is a demonstration of the power of incumbency, underscoring simmering Democratic worries they are not doing enough to prepare for the match up with Trump

  • It's also a sign that Trump's fundraising operation is already in high gear at a time when many Democratic donors have yet to engage and their party contends with a sprawling primary that has drawn more than 20 candidates

Washington: President Donald Trump raised 24.8 million dollars, less than 24 hours after kicking off his re-election campaign, a figure that dwarfs what the top Democratic contenders took in over the course of months.

Donald Trump raises 248 million in less than 24 hours of launching reelection campaign for presidency in 2020

U.S. President Donald Trump reacts on stage formally kicking off his re-election bid with a campaign rally in Orlando, June 18, 2019. Reuters

The staggering total was announced in a tweet on Wednesday morning by Republican Party Chairwoman Ronna McDaniel. She declared that it was proof that "enthusiasm across the country for this president is unmatched and unlike anything we've ever seen."

Trump's massive haul is a demonstration of the power of incumbency, underscoring simmering Democratic worries they are not doing enough to prepare for the matchup with Trump.

It's also a sign that Trump's fundraising operation is already in high gear at a time when many Democratic donors have yet to engage and their party contends with a sprawling primary that has drawn more than 20 candidates.

Many of the Democratic White House candidates have hyped their fundraising pulls in the last 24 hours after launching their campaign. Former Vice President Joe Biden reported a 6.3 million dollars funding in the first 24 hours, former Texas Representative Beto O'Rourke took in 6.1 million dollars and Vermont Senator Bernie Sanders reported 5.9 million dollars.

Trump beat all three combined, including the front-runner Biden, whom he bested by nearly fourfold.

Still, his campaign has yet to release a breakdown of how he raised the money, leaving it unclear of how much was raised from wealthy Republican megadonors, versus grassroots supporters who chipped in a few dollars online.

But the cash will add to the existing gulf in resources between Republicans and Democrats.

Trump already reported 48.7 million dollars in cash on hand at the end of March, spread across three committees tied to his campaign. The Republican National Committee had an additional 34.7 million dollars during the same period.

The Democratic National Committee, meanwhile, had just 7.5 million dollars with 6.2 million dollars in debt, records show.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

No empathy for Black people and minimising COVID-19 risk: What Bob Woodward wrote about Donald Trump
World

No empathy for Black people and minimising COVID-19 risk: What Bob Woodward wrote about Donald Trump

In describing his chemistry with Kim Jong-un, Donald Trump said: “You meet a woman. In one second, you know whether or not it’s going to happen.”

Donald Trump is all sound and fury, signifying nothing; he lacks real will to use the power handed to him, says Sumantra Maitra​
World

Donald Trump is all sound and fury, signifying nothing; he lacks real will to use the power handed to him, says Sumantra Maitra​

For all his rhetorical flaws, Trump has pushed back against aggressive campus feminism, critical race theory and other subversive forces within the US, says doctoral scholar on neo-realism, researcher and columnist Sumantra Maitra.

Ruth Bader Ginsburg passes away at 87: US Supreme Court judge and champion of women's rights dies of pancreatic cancer
World

Ruth Bader Ginsburg passes away at 87: US Supreme Court judge and champion of women's rights dies of pancreatic cancer

Ginsburg became the court's second female justice and a liberal icon for her sharp questioning of witnesses and intellectually rigorous defenses of civil liberties and equal protections under the law