Which Presidential Candidates Are Leading the 2024 Money Race?


Federal disclosures on Saturday provided a first glimpse of the money race between the presidential candidates for 2024, showing who has amassed the most campaign cash so far.

Cash on Hand on June 30 (in millions)

Donald J. Trump $22.5
Tim Scott 21.1
Joseph R. Biden Jr. 20.1
Ron DeSantis 12.2
Vivek Ramaswamy 9.0
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Source: Federal Election Commission

Former President Donald J. Trump leads his party with $22.5 million in cash on hand at the end of June, though this is an incomplete picture of the funds that can be used to advance his candidacy. Mr. Trump uses multiple fund-raising committees and is supported by a super PAC that can raise and spend unlimited sums on his behalf. These groups do not have to file financial reports until the end of the month.

Senator Tim Scott of South Carolina, another contender for the Republican nomination, followed closely behind, with $21 million in his campaign coffers, including money transferred from his Senate campaign.

President Biden had $20.1 million in cash at the end of June, but he reported raising more money than Mr. Trump. As an incumbent, Mr. Biden is also able to leverage funds raised by his party, which also reported a large fund-raising haul.

Money Raised From April 1 to June 30 (in millions)

DeSantis $20.1
Biden 19.9
Trump 17.7
Burgum 11.8
Ramaswamy 7.7
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Source: Federal Election Commission

Gov. Ron DeSantis of Florida took in about $20 million this quarter, mostly from big-dollar contributions. He spent nearly $7.9 million of it, which is a “burn rate” of about 40 percent — on the high end compared with the other Republican candidates.

Former Vice President Mike Pence, who entered the race on June 5, raised just $1.2 million, a notably low figure.

The total amounts raised that campaigns report include personal loans and contributions from candidates to their own campaigns. Gov. Doug Burgum of North Dakota, a Republican, loaned himself $10 million of the $11.7 million he reported raising in the second quarter.

Another Republican, the multimillionaire entrepreneur Vivek Ramaswamy, reported a $7.7 million haul for the quarter — nearly all his own money.

Money Spent From April 1 to June 30 (in millions)

Trump $9.1
Burgum 8.1
Ramaswamy 8.1
DeSantis 7.9
Scott 6.7
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Source: Federal Election Commission

The numbers reported by candidates’ campaigns are incomplete tallies of their financial support.

Candidates can form fund-raising vehicles beyond their official campaign committees, and they are increasingly doing so earlier on.

Here’s a guide to the often overlapping patchwork of committees.

For Republicans, these early filings are particularly important. Candidates will need to prove they have at least 40,000 unique donors in order to qualify for next month’s G.O.P. debate, and some have gone to great lengths to try to reach this threshold. Mr. Burgum has used gimmicks like offering $20 gift cards to the first 50,000 people to donate at least $1 to his campaign in hopes of getting onto the debate stage.

The total number of donors to each campaign is not included in the reports, but more detailed filings later this month can be used to estimate how close candidates are getting to the threshold.

Beyond campaign committees, below are the other committees associated with the candidates. Those without additional related committees are not listed.

Joseph R. Biden Jr.

Current president
85 days in race

Campaign, PACs and other groups Cash on hand
Biden for President $20.1 mil.
Biden Victory Fund $19.6 mil.

Mr. Biden’s main fund-raising vehicle is a joint fund-raising committee, the Biden Victory Fund, which splits its proceeds between the Biden campaign account, state parties and the Democratic National Committee.

Donald J. Trump

Former president and businessman
244 days in race

Campaign, PACs and other groups Cash on hand
Donald J. Trump for President 2024 $22.5 mil.
Trump Save America Data expected July 31st
Save America Data expected July 31st
MAGA Inc. Data expected July 31st

Mr. Trump has mostly raised money through a joint fund-raising committee, Save America, which then passes money to his campaign committee as well as his leadership PAC.

Tim Scott

Senator from South Carolina
56 days in race

Campaign, PACs and other groups Cash on hand
Tim Scott for America $21.1 mil.
Opportunity Matters Fund Action Data expected July 31st
Opportunity Matters Fund Inc. Data expected July 31st
Tim Scott Victory Fund Data expected July 31st
Trust in the Mission Data expected July 31st

Ron DeSantis

Governor of Florida
54 days in race

Campaign, PACs and other groups Cash on hand
Ron DeSantis for President $12.2 mil.
Ready to Win Data expected July 31st
Never Back Down PAC Data expected July 31st

Nikki Haley

Former governor and U.N. ambassador
153 days in race

Campaign, PACs and other groups Cash on hand
Nikki Haley for President $6.8 mil.
Team Stand for America Data expected July 31st
Stand for America PAC Data expected July 31st
SFA Fund Data expected July 31st

Robert F. Kennedy Jr.

Anti-vaccine activist
89 days in race

Campaign, PACs and other groups Cash on hand
Team Kennedy $4.5 mil.
American Values 2024 Data expected July 31st
Common Sense Data expected July 31st

Chris Christie

Former governor of New Jersey
41 days in race

Campaign, PACs and other groups Cash on hand
Chris Christie for President $1.6 mil.
Tell It Like It Is Data expected July 31st

Mike Pence

Former vice president
42 days in race

Campaign, PACs and other groups Cash on hand
Mike Pence for President $1.1 mil.
Committed to America PAC Data expected July 31st

Francis Suarez

Mayor of Miami
33 days in race

Campaign, PACs and other groups Cash on hand
Suarez for President $898,850.30
SOS America PAC Data expected July 31st

Asa Hutchinson

Former governor of Arkansas
106 days in race

Campaign, PACs and other groups Cash on hand
Asa for America $378,677.55
Team Asa $107,352.62
America Strong and Free Action Data expected July 31st

Larry Elder

Conservative talk radio host
88 days in race

Campaign, PACs and other groups Cash on hand
Elder for President 24 $324,616.78
Elder Victory Fund $6,200.00
We’ve Got a Country to Save Data expected July 31st



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