How much does it cost to become a US president? Here's a look
1/5
Increasing costs
The cost of campaigning in the US presidential elections has risen over the years. As per reports, it has jumped as much as 250 times between from Abraham Lincoln to Donald Trump, even after factoring in inflation. As per Investopedia, between 2000 and 2012, campaign spending by the candidates more than quadrupled.
2/5
What's the spending limit
According to the website of US Federal Election Commission, the spending limit for 2020 for publicly-funded general election presidential candidates is $103,701,600. However, the limits are more on donors - candidates cannot raise more than $2800 per election from each donor, according to Fortune.
3/5
What happened last time
In the 2016 polls, Republican Donald Trump and Democratic nominee Hillary Clinton said to have spent a whopping $1.16 billion. However, some other reports put that figure at much higher $2.4 bn. Many also noted that the figure could have been even higher had Trump not used free media coverage.
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4/5
Spending by winning candidates
As per reports, in 2004 George W Bush spent $345 mn while in 2008 Barack Obama spent $730 mn. In 2012, however, Barack Obama spent whopping $1.14 bn in the presidential election. Donald Trump spent just $450 mn in 2016 polls.
5/5
A 2020 record likely
As of now, there are no figures about spendings by the candidates in the presidential elections. However, earlier this year many news reports speculated that this time spendings in the US presidential elections will create a record.