Democrat Barack Obama and Republican Mitt Romney each raised more than $1 billion in the 2012 U.S. presidential election race, federal records show.
Final Federal Election Commission filings indicated President Obama raised $1.1 billion in his re-election effort and Romney garnered $1.01 billion, both records, the Los Angeles Times reported Friday.
The huge totals don't include the hundreds of millions of dollars spent by outside groups.
Obama, who topped $1 billion by mid-October, added $111 million to his campaign and affiliated committees in the final 2 1/2 weeks of the campaign.
In that same period, Romney raised more than $89.5 million, also enough to push him over the billion-dollar mark.
Outside groups raked in last-minute cash as well. Restore Our Future, a super PAC supporting Romney, brought in $22.1 million, nearly half from Las Vegas casino magnate Sheldon Adelson and his wife, Miriam. The Adelsons contributed about $30 million to the pro-Romney group during the election.
Priorities USA Action, the Obama-supporting super PAC, also received several multimillion dollar donations as the campaign drew to a close, the Times said. Two hedge fund executives, James H. Simons and Henry Laufer of Renaissance Technologies, each contributed $1.5 million. Priorities USA also received $3.9 million from unions in the last weeks of the campaign.
The Times said Romney reported having $24.4 million cash on hand at the end of November and Obama reported having more than $14 million.
Most Popular Stories
- Entrepreneurs Chase Social Media
- European Car Sales up First Time in 20 Months
- Schedule packed with talent at the Fox
- Manila's Hollywood Week
- I never set out to be a role model but it's great to be one ; IN THE HOTSEATBetter known by his stage name Wretch 32, Jermaine Sinclair is a 28-year-old rapper from London. In 2011 his debut album Black and White sold over a million copies and scored three top five singles. His latest single Blackout was released this week
- Austin musicians point to a variety of reasons to appreciate McCartney
- Financial Times Twitter, Email Hacked
- Apple's iPhones, iPads Approved for Military Use, Sir Yes Sir!
- SINCE YOU ASKED [Pittsburgh Tribune-Review (PA)]
- Promoter McLean 'provided more musical joy than Dylan and Prince combined'