Downward angle icon Downward angle icon. President Joe Biden’s withdrawal from the 2024 race has sparked a surge in donations, surpassing the $52.8 million the Trump campaign raised in a single day after the former president was convicted in May. Kevin Dietsch and Justin Sullivan/Getty Images Following Donald Trump’s conviction, the former president’s campaign announced it raised $52.8 million in 24 hours. The Democrats eclipsed that figure about half a day after Joe Biden withdrew from the race. Democratic fundraising platform ActBlue has raised well over $53 million since the announcement.
Following President Joe Biden’s surprise withdrawal from the 2024 presidential race, Democrats on Sunday recorded Donald Trump’s largest single-day fundraising haul ever.
By 11pm Eastern time on Sunday, ActBlue, an online donation platform for the Democratic Party, announced under a ticker on its website that it had raised well over $14.053 billion in donations since it was founded in 2004. The organization had said the same day that Biden had announced he was dropping out of the race and endorsing Vice President Kamala Harris, that the organization’s lifetime donations had surpassed $14 billion.
That means Biden raised far more in the 12 hours since his announcement than the $52.8 million his campaign claimed to have raised in a single day after former President Donald Trump’s historic felony conviction.
By further comparison, it took the Trump campaign six months to raise $58 million in 2023, according to federal records reviewed by The New York Times.
ActBlue is also on track to break that record within 24 hours.
A spokesperson for Trump did not comment on the Democratic fundraising figures, choosing instead to criticize Harris in an email to Business Insider.
Biden’s decision to drop out of the race immediately sparked an outpouring of support for the party from Democratic leaders, entrepreneurs and small donors.
Some voices, including Gov. Gavin Newsom and LinkedIn co-founder Reid Hoffman, have backed Biden’s endorsement of Harris.
Democrats have already broken records for online donations, raising more than $30 million within hours of Biden’s announcement early Sunday — the largest single-day donation the party has raised since the 2020 election, according to the Times.
In 2020, ActBlue said it raised $10.8 million in donations within four hours of Biden announcing Harris as his running mate.
ActBlue announced in May that the group had raised $12 million in 2022, within months of the Supreme Court’s abortion decision being leaked in January.
