Democratic presidential candidate and US Vice President Kamala Harris applauds US President Joe Biden’s speech on the first day of the Democratic National Convention (DNC) in Chicago, Illinois, USA, August 19, 2024.
Mike Seeger | Reuters
Vice President Kamala Harris has raised nearly $500 million for her White House bid in the one month since President Joe Biden dropped out of the presidential race and endorsed Harris as his successor, NBC News reported Tuesday.
The large windfall includes funding from Harris’ campaign and several fundraising groups more broadly connected to her campaign, two sources familiar with the fundraising told NBC News.
Democrats expect that figure to swell to about $600 million by the end of August, one of the sources added.
The amount reflects the enthusiasm that has erupted as Harris has risen to the top of the Democratic field after Biden wrapped up his campaign against former Republican President Donald Trump on July 21.
The 81-year-old incumbent’s campaign was derailed by growing concerns about his eligibility to serve another four-year term after his disastrous debate performance with Trump in late June, which wowed donors and generated huge public interest. Funding slowdown.
The transition to Harris has reversed that trend: The vice president’s campaign raised $310 million in July alone, more than $200 million of which came after Biden left the party.
The Harris campaign had $377 million in cash as of the start of August, more than the $327 million the Trump campaign had at the time.
This is a developing story so check back for updates.
