President Donald Trump already has more than $100 million in hand for the 2020 presidential race. The Federal Election Commission (FEC) released the information on Monday. (RELATED: Donald Trump Holds First Silicon Valley Fundraiser)
Trump raised $18.1 million in just the last quarter directly through his campaigning committee, as well as through fundraising projects through the Republican National Committee, according to the Washington Post.
Republican U.S. presidential candidate Donald Trump speaks to supporters at a Super Tuesday campaign rally in Louisville, Kentucky, U.S., March 1, 2016. REUTERS/Chris Bergin
Citing Campaign Finance Institute research, the Post notes that no other president since Ronald Reagan has raised so much money in his first term. Trump has shown no hesitancy in taking the lead in raising the cash for his re-election bid.
Trump began preparing for 2020 not long after he successfully defeated Democrat Hillary Clinton in the 2016 presidential election. Trump put his name forward as a candidate for 2020 within a day of his 2017 inauguration and the election coffers have grown to $106 million in the interim. (RELATED: Trump Smashes Fundraising Records For Inauguration Day)
Ronald Reagan Getty Images/The White House/Michael Evans
Most of Trump’s donations in the last quarter are not coming from big-pocketed supporters. The FEC documents show that 56 percent of the donors from July to September were offering contributions of $200 or less.