2024 GOP presidential candidates’ campaign funds raised.

2024 Republican Presidential Primary: Who’s Raising the Most Money?

The 2024 Republican presidential primary is heating up, and candidates are wasting no time raising money for their campaigns.

At the moment, there are four major players in the GOP race to become president in 2024, with Gov. Ron DeSantis (R-FL) expected to announce his bid for the White House on Wednesday. Each candidate who has entered so far has launched campaign fundraisers and attack ads against their opponents to raise money to help their cause.

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Here is where each presidential candidate stands with campaign funds and cash on hand.

Tim Scott

Sen. Tim Scott (R-SC) announced his long-anticipated campaign “Faith in America” on Monday. Within 24 hours of his announcement, Scott raked in $2 million in fundraising.

The senator is already spending money, launching his campaign in Iowa and New Hampshire with a $6 million advertising buy. Scott has a history of being known as one of the top fundraisers in Washington. For his Senate reelection campaign, he hauled in more than $41 million during the recent midterm election cycle — the second-most of any Republican senator running for reelection in 2022. Most of that money has rolled over into 2024. In March, he had roughly $22 million remaining in his pocket, which is being transferred over to his presidential campaign.

Former President Donald Trump

Former President Donald Trump is the current GOP front-runner for the 2024 election and is likely to be the biggest spender of the cycle as well.

Trump, who announced in November shortly after the Republicans’ weaker-than-expected midterm performance, began campaigning immediately. So far, his campaign has raised over $14.4 million, and his fundraising committee raised $4.4 million more for $18.8 million in total from January to March. Trump had $13.9 million left in campaign funds as of March 31.

A boost in funds to his campaign came after Trump became the first former president in America’s history to be indicted. The former president was indicted and arrested on criminal charges for hush-money payments made to Stormy Daniels during the 2016 presidential campaign. He had previously used speculation over his impending arrest to raise money as well. In the three days after his indictment was announced, Trump’s campaign raised $7 million. About $4 million was raised within the first 24 hours, the campaign reported, with about a quarter of the funds coming from first-time donors.

Nikki Haley

Former Ambassador to the United Nations Nikki Haley launched her presidential campaign on Feb. 15 and has steadily added to her campaign coffers over the last few months.

Haley had $4.6 million cash on hand after the first fundraising period. Her political apparatus raked in a total of $11 million during the first six weeks of her campaign. To compare, Trump raised $9.5 million during the same time frame. Haley’s campaign noted at the time that 67,000 donations were from people who contributed $200 or less.

The former ambassador is backed by several billionaire megadonors and ex-allies of Trump, as well as Wall Street executives and South Carolina moguls. Some donors who have supported Democrats in the past are making donations to her campaign, such as Aryeh Bourkoff, the CEO of LionTree. In the first quarter, executives at the companies Goldman Sachs, Susquehanna International Group, UBS Group, and Tiger Management donated more than $91,500 combined to Haley’s campaign and PACs.

Vivek Ramaswamy

Entrepreneur Vivek Ramaswamy, while trailing in recent polls, is not letting people forget his expansive war chest.

Ramaswamy ended the first quarter with about $9.4 million cash on hand, putting him roughly on par with the best-known 2024 GOP candidates. The money came from a loan of roughly $10.25 million that he gave to his campaign and about $1.16 million in contributions that he raised. His campaign spent about $2 million between Jan. 1 and March 31.

Ramaswamy is at a slight disadvantage entering the race as an outsider and could struggle to fundraise compared to established politicians. However, Ramaswamy’s wealth is likely to give him a leg up in the 2024 race. Forbes estimated his net worth at around $600 million in 2016.

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