According to the most recent financial data available, former President Donald Trump had more money than President Joe Biden as of July. In June, new federal financial disclosures showed that committees supporting Trump’s campaign had about $15.6 million more than those supporting Biden’s campaign entering July.
Between July 15 and July 20, all committees registered with the Federal Election Commission released disclosure statements, providing the public with a clear view of the financial activities of federal candidates in the 2024 election cycle so far.
Three committees associated with former President Trump ended June with approximately $245 million in cash on hand. These committees, including Donald J. Trump for President 2024 Inc., Make America Great Again Inc., and Save America, raised about $44 million in June and spent $13.4 million.
Additionally, joint fundraising committees aligned with Trump raised around $286.5 million in the second quarter of 2024, with a total of $261.3 million distributed between April and June. The Trump campaign committees collectively had about $51.6 million in cash on hand at the end of June.
In comparison, committees supporting President Biden had approximately $217.9 million in cash on hand at the end of June. These committees, including Biden for President and Future Forward, raised about $96.6 million and spent $62.7 million.
Independent candidate Robert F. Kennedy Jr., who is polling in third place with over 8 percent support, had about $21.6 million in cash on hand at the end of June. His campaign committees raised $5.6 million in June and spent $9.7 million.
Overall, the financial disclosures provide valuable insights into the fundraising efforts and financial positions of the presidential candidates as the 2024 election cycle progresses.
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