Donald Trump is preparing to start accepting large donations to his campaign, after saying during the primary season that by self-funding his campaign, he owed favors to no one.
But going against Hillary Clinton in a general election is whole new ball game – one that not even Donald Trump has enough ready cash for.
In the 2012 campaign, Obama spent $721 million and Mitt Romney spent $449 million.
Even though he is estimated to be worth $10 billion, most of that is tied up in investments. Trump’s financial disclosure last summer indicated he had between $78 million and $232 million in cash, stock and bonds. A Wall Street analysis estimates his annual pretax income is about $160 million.
The only way Trump could “self-fund” the second phase of his campaign would be to sell some of his property, or borrow money against them.
In a recent poll, 89.31% said it doesn’t matter that Trump would now seek big money donors to help fund his campaign, as he got this far on his own dime and now it’s time for others to help him out.