Joe Biden raised less money than President Trump in July, ending the former vice president’s short-lived triumph after his campaign out-raised the incumbent president in May and June.
The Biden campaign, the Democratic National Committee, and their joint fundraising committees announced on Wednesday, Aug. 5, that they collectively raised $140 million in July.
Meanwhile, President Trump’s re-election campaign and the Republican National Committee announced that they brought in $165 million last month, outdoing his opponent’s campaign and the DNC by $25 million.
The Trump campaign said in a statement that the amount raised in July, which was the largest online fundraising event so far, eclipsed any single month in all of 2016.
With 90 days until the election, the campaign of President Trump has crossed the billion-dollar threshold with a cycle-to-date haul of $1.1 billion.
“The joint re-election effort continues their cash-on-hand advantage, with an over $300 million war chest,” the Trump campaign said.
The Biden campaign and the DNC reported less cash on hand than Trump, with $294 million in its war chest. Still, Biden’s on-hand cash increased by $50 million over the past month.
The former vice president’s campaign said that the overwhelming majority of donations (97%) were at the grassroots level, with the average contribution coming in at $34.77.