Donald Trump and Kamala Harris have spent a combined $3.5 billion in the 2024 U.S. presidential election, making it the most expensive campaign in U.S. history.

[ad]

Financial Times, which cited campaign finance filings, said the two candidates and their respective parties raised nearly $4.2 billion in total.

Harris, with support from the Democratic National Committee and associated Super PACs, raised over $2.3 billion, outspending Trump, whose groups raised $1.8 billion. Both campaigns funnelled significant amounts into media and advertising, especially in key swing states, with Harris’s groups spending over $1 billion on ads, the FT noted.

The campaigns have collectively invested $1.5 billion in advertisements across the seven battleground states, with $400 million alone going to Pennsylvania.

[ad]

A notable portion of Trump’s campaign funds, over $100 million, has been directed towards his ongoing legal expenses, a financial burden offset by PACs like the Musk-backed America Pac, which contributed $118 million and managed voter outreach.

Harris’s campaign has maintained a more traditional approach, focusing its Super PAC, Future Forward, on ad spending in crucial states.

READ ALSO:US Election: Hippopotamus predicts Trump’s victory

The election’s unprecedented fundraising and spending demonstrate the escalating financial stakes in U.S. politics, as both parties vie for the presidency amid a highly competitive and costly campaign.

[ad]