2024 Election: The Most Expensive Presidential Race in US History

In the 2024 election, which promises to be the most expensive in US history with a total budget of $15.9 billion, a billionaire and a multimillionaire will face off, dividing the nation into two camps. Kamala Harris’s campaign and her political committees have raised an impressive $1.6 billion, surpassing the $1.1 billion raised by Donald Trump. The combined fundraising of these candidates amounts to $2.7 billion, exceeding the $2 billion raised for Trump and Biden in 2020 and doubling the $1.2 billion raised in 2016.

Kamala Harris is supported by 83 billionaires, including well-known figures such as Michael Bloomberg and Bill Gates, each contributing $50 million. Donald Trump has garnered support from 52 billionaires, including Timothy Mellon and Elon Musk, who together donated nearly $250 million.

Trump has set a new record as the wealthiest general election candidate in presidential history. (However, in the primaries, he was surpassed by Michael Bloomberg in 2020.) In October, Trump’s net worth temporarily increased to over $8 billion due to a surge in shares of his social media platform, Truth Social. Since the shares’ value decreased, his fortune has returned to under $6 billion. Meanwhile, Kamala Harris’s net worth is only 0.1% of Trump’s.