Entrepreneur Andrew Yang announced he raised $16.5 million in the last quarter of 2019, a total that’s expected to put him toward the upper half of the field.
His campaign said Thursday that he now had a cumulative 400,000 donors, with more than 1 million contributions. The campaign said his average donation was $30. The $16.5 million total marked Yang’s strongest fundraising quarter to date.
“At every turn in this race, Andrew Yang continues to exceed expectations whether it’s in terms of grassroots fundraising, making the debates, early state polling, or the ability to draw big crowds,” Nick Ryan, his campaign chief, said in a statement. “What we have achieved together to date through the humanity first values of this campaign, now sets us up to compete through the early-state primaries, Super Tuesday, and beyond.”
The Yang campaign did not release a cash on hand amount. His previous best quarter was just under $10 million during the third quarter of 2019.
His team also said he raised $1.3 million on New Year’s Eve, the single best fundraising day of his campaign. His previous record was $750,000, set on Nov. 30.
Yang’s fundraising haul will likely be toward the top of the pack, trailing just the four candidates who have led in polling either nationally or in the early states: Joe Biden, Pete Buttigieg, Bernie Sanders and Elizabeth Warren.
Sanders announced Thursday that he raised $34.5 million in the fourth quarter (the largest single quarter for any Democratic hopeful this cycle) and Buttigieg announced he raised $24.7 million on Wednesday, the first candidate to give a fundraising total. Both Biden and Warren have signaled they’ve raised more than $16.5 million, but have not yet released any details.
A spokesperson for Rep. Tulsi Gabbard (D-Hawaii) told POLITICO Wednesday that she raised $3.4 million.
Sanders, Buttigieg and Gabbard did not provide the amount of money they have in the bank.
Unlike the expected fundraising leaders, Yang has not yet qualified for the next Democratic primary debate, which will be held on Jan. 14.
Biden, Buttigieg, Sanders and Warren, along with Amy Klobuchar, have all qualified for the seventh debate, according to POLITICO’s tracking of public polling and donor data, which will be hosted by CNN and The Des Moines Register.
Qualification closes on Jan. 10. Yang has easily surpassed the 225,000 individual donor threshold, but has not hit the polling threshold: 5 percent in four polls approved by the Democratic National Committee (or 7 percent in two early-state polls).
Yang, in danger of missing the stage, has publicly called for the DNC to sponsor polling in the four states set to vote in February: Iowa, New Hampshire, Nevada and South Carolina. The party has balked at the idea — it would be incredibly unusual for a party committee to sponsor a poll for public consumption — but there has not been a public poll out of any of the early states since mid-November.
Article originally published on POLITICO Magazine
Source: https://www.politico.com/news/2020/01/02/yang-fundraising-fourth-quarter-092584
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The Article Was Written/Published By: zmontellaro@politico.com (Zach Montellaro)
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