How Much Money Has Donald Trump Raised Compared To Joe Biden? Breaking Down 2020 Campaign Fundraising

President Trump and the Republican National Committee raised a total of $74 million in May, but the amount fell short of his opponent’s campaign. Democratic presidential candidate Joe Biden, along with the Democratic National Committee, raised $80.8 million during the month, a record for his campaign.

However, the Trump campaign and RNC still have $265 million in cash-on-hand, with the Trump campaign expected to have a massive financial advantage over Biden. The Biden campaign and the DNC did not release cash-on-hand figures for May, but the DNC had approximately $100 million in cash reserves at the end of April.

“After yet another massive fundraising haul, it remains clear that the enthusiasm behind President Trump’s re-election campaign goes unmatched. While Sleepy Joe Biden lobs ineffective partisan attacks from the shadows of his basement, President Trump is leading The Great American Comeback and he is drawing support from every corner of this country,” Trump campaign manager Brad Parscale said about May’s fundraising numbers.

May was the first month the Biden Victory Fund, the joint fundraising effort between the Biden team and the DNC, was in operation. On June 23, former President Barack Obama will appear with Biden in a virtual fundraising event.

Last week, Biden raised $6 million in a virtual fundraising event with Sen. Elizabeth Warren, D-Mass., the most successful fundraiser for the Biden campaign to date.

As Trump is criticized for his handling of the coronavirus and race relations after the death of George Floyd, Biden may now be the favorite to win the election. A poll from Fox News last week showed Biden leading Trump, 50% to 38%.