The latest campaign finance data reveals potential issues for GOP presidential candidate Ron DeSantis, who is relying on large donors and has limited grassroots support.
DeSantis’ donor dilemma: Despite raising over $20 million, 70% of DeSantis’ campaign funding comes from donors who have already given the maximum allowed, and just 15% comes from small donors contributing less than $200.
* This pattern indicates a potential lack of grassroots support, which could pose a long-term issue.
* DeSantis has spent about $8 million in the first five-and-a-half weeks of his campaign, a rate of about $1.5 million a week.
Trump’s fluctuating finances: Estimating the financial health of former President Trump’s campaign is currently challenging due to different committees and reporting deadlines.
* Trump’s campaign claims to have raised over $35 million this quarter combined with the joint fundraising committee, but only $17.7 million has been officially reported.
* The campaign also transferred around $15 million from the joint fundraising committee.
Personal fortunes in play: Two other Republican candidates, Vivek Ramaswamy and Doug Burgum, have heavily invested personal wealth into their campaigns.
* Ramaswamy has donated or loaned his campaign $16 million and spent over $10 million, a burn rate of 53%.
* Burgum has loaned his campaign $10.2 million and has spent $8.1 million, a burn rate of 69%.
RFK Jr’s unexpectedly strong fundraising: Robert F. Kennedy Jr., challenging President Biden in the Democratic primary, has raised about $6.4 million, a third of which is from small donors.
* Though his totals fall short of Biden’s, they suggest enough support to sustain a lean campaign and continue gaining attention.
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