How much of his own money is Donald Trump spending on the presidential election?
Published 9:52 pm Friday, October 28, 2016
WASHINGTON (AP) — Donald Trump has repeatedly said he will spend $100 million or more of his own money on his presidential bid. Yet even with a fresh donation, he is $34 million short of that promise.
The Republican nominee gave his campaign another $10 million, a Federal Election Commission report filed late Friday showed. At rallies earlier in the day, he told supporters he’d contributed anew. “Boy, am I spending a lot of my money,” he said in Cedar Rapids, Iowa.
He has now made a personal investment of about $66 million over the course of the primary and general elections.
The latest infusion comes as Democrat Hillary Clinton hold a striking cash advantage over Trump, FEC reports filed Thursday show. As of last week, Clinton and her Democratic partners had $153 million in the bank, more than double the resources as on the Trump side.
Trump, a New York businessman who says he is worth billions of dollars, invested heavily throughout his GOP primary race. Then, during the general election, he slowed his personal contributions to about $2 million per month.
Trump’s giving has been tied to email appeals to his supporters, promising to “match” their donations up to $2 million.
He stopped making those solicitations through most of October, according to Tom Sather, senior director of research at the email data solutions firm Return Path. The firm tracks every email from political candidates.
Trump’s campaign recently resumed the “matching” solicitations. “I will TRIPLE MATCH any amount you can contribute today,” stated an email message to his supporters.
The new gift represents the most that Trump has put into his bid since the month of March, when he loaned his campaign $11.5 million. Trump later zeroed out all of his loans, converting them into contributions that cannot be repaid.
His personal investment shrinks when accounting for about $9 million in campaign cash that has returned to his family and businesses.
That money has largely gone to the holding company of his private jet, but the campaign also paid for rent at Trump Tower, catering at his restaurants and even the Trump Ice bottled water that has popped up at his events.
And Trump’s Friday aid follows weeks where Clinton actually chipped in more than he did to cover political expenses. In the first 19 days of the month, Clinton herself offset $87,000 worth of campaign expenses while Trump covered about $33,000 of his.
Trump gave about $31,000 through the first 19 days of October, the period covered in the filing released Thursday, all of which went to cover rent and payroll. Trump also gave an additional $2,600 on Oct. 20, other filings show.
Trump has said repeatedly, during rallies and media interviews, that he will spend $100 million of his own money. In a CNN interview on Wednesday, he said he was “prepared to go much higher than that.”
During a Friday rally in Manchester, New Hampshire, he lightly revised his words, saying he would give “maybe close to or over” the $100 million mark.
“There’s something nice about that,” Trump said of his personal campaign contributions — quickly adding that it wouldn’t be so nice if he lost the election after spending so much.
Associated Press writers Jill Colvin and Jonathan Lemire contributed to this report from Cedar Rapids, Iowa.