In this article. Kamala Harris has received huge financial backing from Wall Street and Silicon Valley, raising nearly $5 million a day and vastly outspending Trump during the campaign.
Harris has more than $400 million at her disposal, allowing her to dominate advertising and gain an advantage in key states. She's backed by big financial and tech donors like Bruce Kirsch of Oaktree and Dustin Moskowitz of Facebook.
This surge in funding has given her the opportunity to go on the offensive against Donald Trump as the election approaches. And this little love affair could help her get elected. With the support of the Democratic National Committee, Harris is outspending Trump and the Republican Party by a three-to-one margin every day.
In August, she spent an average of $7.5 million a day, while Trump spent $2.6 million.
Since she replaced #Joe Biden as the Democratic nominee, her ability to raise money from wealthy donors has strengthened her position as a financial leader, which Democrats lost earlier this year.
In September, Harris increased her spending even more, spending $152 million on advertising, up 21 percent from August. By comparison, Trump spent just $63 million on ads.
polls show Harris has significantly narrowed Trump's lead over Biden, with a slight advantage in swing states. Still, the race remains close, and every dollar counts.
She's been invested in by donors such as Bruce Kirsch of Oaktree Capital, oil trader Andy Hall and Facebook co-founder Dustin Moskowitz. Actress Scarlett Johansson has also played a role.
These donors give Harris a clear financial advantage, allowing her to pour millions of dollars into key states like North Carolina and Nevada, where Trump was previously considered a must-win candidate.
See also: Why did #DOGE stock price rise 14% in one week?
By early September, Harris had $404 million, while Trump had $295 million.
Trump's campaign was forced into defense mode and spent $32 million more than it raised in August to stay competitive.
Read us at: Compass Investments