Politics & Government
Donald Trump's Campaign Is Nearly Broke, Finances Show
The Trump campaign had little more than $1 million on hand at the end of May.
Donald Trump the man may or may not be super rich. We'll never really know for sure until he releases his tax returns.
Donald Trump the campaign, though, can't hide so easily. And its latest filing with the Federal Election Commission showed an unmistakable truth: The Trump campaign is dirt poor, at least by presidential campaign standards.
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And that's after a $2.2 million loan that Trump himself gave the campaign during the month of May, the filing shows. The New York Times called it the "worst financial and organizational disadvantage of any major party nominee in recent history."
(For some comparison: Mitt Romney had a whopping $76.8 million in cash on hand at this point in 2012.)
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And where is the Trump campaign spending what little money it has if it isn't launching attack ads, organizing a ground game or building out infrastructure in key battleground states?
Himself.
Recipients of payments from Trump campaign with “Trump” in name, through May 31. Doesn’t include Mar-a-Lago/planes. pic.twitter.com/JF6skaWYGF
— Derek Willis (@derekwillis) June 21, 2016
Also hats. Lots of hats.
Trump campaign expenses in May, per @FEC report: Hats: $208k Online advertising: $115k Data management: $48k Communications consulting: $38k
— Kenneth P. Vogel (@kenvogel) June 21, 2016
It's been a rough start to the week for Trump, the campaign.
On Monday, Trump campaign manager Corey Lewandowski was fired, and another top aide resigned for making fun of said firing.
Meanwhile, Hillary for America reported more than $42 million in cash on hand at the beginning of the month and is in the middle of launching an eight-state ad blitz costing more than $10 million.
Trump could easily solve his campaign's finance woes with the stroke of a pen. The man who claims to be worth $10 billion could swing part of that over to his campaign and really get this thing rolling.
Of course, that would require Trump himself to have that kind of money in the first place.
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