from Statista.com
— this post authored by Sarah Feldman
President Trump has more cash on hand than any single Democratic primary candidate, a product of his unorthodox campaign that started amassing money his first day in the White House, a move no other president in U.S. history has done.
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While President Trump is gearing up for the general election, there are still 18 Democratic candidates who are fighting to become the party’s nominee in the primary. Senator Bernie Sanders has the most cash on hand, followed closely by Senator Elizabeth Warren. Mayor Pete Buttigieg rounds out the three leading Democrats by cash on hand. All top three Democratic hopefuls have over double the cash that former Vice President Joe Biden has on hand. Former Vice President Joe Biden has a moderate $9 million in cash, a number that hasn’t changed much since last quarter.
The amount of cash on hand includes money from fundraising, and any funds from any previous presidential, senate, or congressional campaigns. The cash on hand metric provides insights into how much wiggle room campaigns have to grow their staff, expand their operations, and develop their advertising strategy. Candidates need to do all three to gain traction in early primary and caucus states.
Many of the middling and cash-strapped candidates will be in danger of running out of funds, or not meeting the DNC’s stringent fundraising threshold to make the September debate stage. The fundraising requirement involves getting 130,000 donors, 400 of whom need to be from at least 20 states.
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