In his third bid for the White House, former President Donald Trump is once again at a financial disadvantage against his Democratic opponent.
Trump’s ensuing legal problems, which could cost him hundreds of millions of dollars, are only helping to further drain his coffers in the 2024 rematch against President Joe Biden.
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Biden vastly outraised Trump in 2020 before winning the election, as did former Democratic presidential nominee Hillary Clinton in 2016. In 2020, Biden raised more than $1 billion, the first campaign to do so in U.S. history, according to Open Secrets, while Trump’s campaign raised $774 million.
Biden is once again massively outraising Trump. The Biden campaign had more than $71 million cash on hand in February, double the Trump campaign’s $33.5 million
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