Bernie Sanders’ Fundraising Leads Among the Democratic Candidates for the 2020 US Election

Till Thursday, December 2, 2019, Bernie Sanders, who is one of the promising Democratic candidates for the upcoming 2020 US Presidential election, led fundraising in the fourth quarter (Q4) for his election campaign. Several other Democrats candidates including the former South Bend Mayor, Pete Buttigieg and the Ivy League-educated student cum entrepreneur, Andrew Yang have revealed their fundraising for the Q4. However, some of the leading competitors for the Democratic nomination, the former Vice President, Joe Biden, and Senator Elizabeth Warren, have not yet announced their fundraising statements.

Sanders’ Fundraising Led Among Democrats

Former Vermont’s Senator Bernie Sanders, who is the longest independent candidate serving in US congress, added more than $34.5 million in the fourth quarter (Q4) as part of his fundraising for the 2020 election. Among the Democratic candidates, Sanders scored as the highest receiver of the fund by the end of Q4. Another candidate of the same party, Pete Buttigieg followed Sanders by accumulating $24.7 million during the Q4 and the young entrepreneur, Andrew Yang’s campaign expected to raise more than $12.5 million for the coming months.

Bernie Sanders’s campaign officials stated on Thursday that the former Senator of Vermont raised more than $18 million in the month of December 2019 which was the best month of his election promotion. Earlier, many Sanders’ supporters were worried about the election campaign as he suffered a heart attack on October 1, 2019, the first day of the Q4. However, his doctor released a statement last week saying that Sanders recovered and could resume his campaign activities.

Despite there was no clear information about Sanders’ total funds, it was reported that he had around $33.7 million on hand by the end of the third quarter (Q3) surpassing his rivals. As CNBC reported, the cash was enough for Sanders to move ahead of the first nominating contests in Iowa and New Hampshire in February 2020. The report continued, “The $34.5 million, however, does not include another $12.7 million in transfers from other Sanders campaign accounts.”

Sanders’ Campaign Fund Donors

Sanders’ campaign has been receiving fundraising, especially from individual donors. On Thursday, around 5 million supporters made the monetary contribution to Sander’s campaign. At the end of 2019, as many as $25.3 million was donated from individual supporters in the Q3.

During these three months of the 2019 election campaign, Sanders received a chunk of funds from the supporters who were mostly identified as ‘teacher’. Among these individual supporters, several employees from the five business enterprises including Amazon, Starbucks, Walmart, the U.S. Postal Service, and Target have largely contributed the Sanders’ funding. Over several years, the former Senator has been working for the welfare of the workers and periodically criticizes Amazon and Walmart for their anti-trade union approach.

On average, Sanders comes next to the former Vice President Joe Biden in national primary polls. However, he started getting more supports gradually as it was shown by the tremendous increase of the recent fundraising. Meanwhile, many Democrats candidates are far behind the Republican presidential candidate, the incumbent US president, Donald Trump in terms of the fundraising campaign. In the Q3 alone, Trump’s campaign and the Republican National Committee had dragged a total of $125 million surpassing his earlier $105 million received during the second quarter.

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