Kamala Harris has seen a stunning increase in fundraising since she assumed the Democratic Party’s mantle as their 2024 presidential nominee, taking over from President Biden.
Harris’ campaign reported raising a jaw-dropping $361 million in August, which was labeled as “the biggest haul of the 2024 cycle,” on Friday morning.
That is nearly three times the $130 million raised by former President Donald Trump in that same amount of time, according to an announcement from his campaign on Wednesday. Harris’s fundraising surge was visible almost immediately after she joined Biden in late August.
Since Biden made his announcement on July 21 that he was ending his re-election campaign and backing Harris, the vice president has raised over $615 million.
August “was our biggest grassroots fundraising month in presidential history by… volume, not just dollars,” her campaign said.
Harris’s campaign also announced that it had a massive $404 million in the bank as of August 31 — more than $100 million greater than the Trump for America committee balance reported by the then-Trump campaign later last month.
The rise is part of a pattern in which Harris’s fundraising surged from the $310 million raised for July, with Trump experiencing an overall slight compound decline to the $138.7 he reaped following month ago.
“In just a short time, Vice President Harris’ candidacy has galvanized a history-making, broad, and diverse coalition – with the type of enthusiasm, energy, and grit that wins close elections,” Harris campaign manager Julie Chavez Rodriguez said in a statement. “As we enter the final stretch of this election, we’re making sure every hard-earned dollar goes to winning over the voters who will decide this election.”
Biden did lead Trump in fundraising earlier this year, as the Biden campaign and Democratic National Committee (DNC) edged out Trump’s re-election effort and Republican National Committee (RNC). Yet Trump along with the RNC gathered $331 million up to Q2 2024, in contrast to Biden campaign and DNC’s income of about ($264m).
Biden had received a similar rush after his late June debate with Trump but the bump wore off on doubts whether he was up to another term. We are in early July, and Biden has substantially slowed his fundraising.
