🔵🔴 Joe Biden announced on Twitter that Biden Campaign, the Democratic National Committee, and their joint fundraising committees. Hauled in $383 million in September 2020 breaking his own fundraising record. -FORTH News
Donald Trump's campaign has not yet announced its September 2020 fundraising numbers.
While Joe Biden struggled few times to compete financially with his competitors during the Democratic primary, that changed quickly once he officially became the nominee. After a handful of good fundraising quarters, Biden began closing the cash-on-hand gap with the Trump campaign in summer 2020.
Biden, along with the Democratic National Committee (The DNC) and joint committees, ended August with $466 million cash on hand, while Trump and the Republican National Committee(The RNC) had $325 million.
The September total surpasses Biden's August haul of $364.5 million, which the campaign then categorized as "the best month of online fundraising in American political history." The former vice president's campaign has raised three-quarters of a billion dollars in just two months, a colossal amount of fundraising that has helped heap pressure on President Donald Trump's campaign to keep up.
The amount far outstrips the $154 million raised by the 2016 Democratic presidential nominee Hillary Clinton in September 2016.
Biden now has $432 million in the bank to sustain his campaign through the last month of the race, per campaign manager Jen O'Malley Dillon.
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The people familiar with Mr. Biden’s fund-raising did not know the exact final figure for the month of August, or how much higher than $300 million it would be.
Trump had a sizable advantage throughout much of the campaign in cash on hand, which is the amount of money available for a campaign to spend. However, a combination of heavy spending and increased donations sparked by the Democratic National Convention and the addition of Sen. Kamala Harris to the Democratic ticket in August helped Biden's campaign overtake the President's reelection bid by more than $141 million.
"That's more money than I've ever raised in my whole life," he said. "I'm really humbled by it."
Over half of the money raised around $203 million -- came from online donors, O'Malley Dillon said, and the campaign added 1.1 million new donors last month alone, accounting for 20% of their total of 5.5 million donors throughout the entire campaign.
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