Trump Loaned $10M To His Campaign For Prez Near End Of 2015

Republican presidential candidate Donald Trump speaks during a campaign event at the Orpheum Theatre in Sioux City, Iowa, Sunday, Jan. 31, 2016. (AP Photo/Patrick Semansky)
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WASHINGTON (AP) — Donald Trump’s campaign filings show the billionaire show the Republican front-runner spent just $6.8 million in the final three months of last year. The outlay is less than half of what Ted Cruz, his nearest rival in the polls, spent during the same period.

Early in his campaign, Trump said he was willing to spend $100 million of his own money to win the Republican nomination. But propelled by his ability to generate controversy and free media, the businessman turned presidential candidate has not needed to. His first advertisements ran in early January, and he’s spent relatively little on campaign staff and consultants.

In total, Trump took in $13.5 million in campaign funds. Most of that money came in the form of a $10.8 million personal loan from the candidate, though Trump also collected more than $2.6 million from individual donors. Trump has said that he is not soliciting funds from campaign donors, though Newsmax Media, which runs a conservative news site, pitched itself as the Trump campaign’s exclusive online fundraising firm this summer.

The single largest vendor to the Trump campaign funding was himself. He spent $826,590 in payments his TAG Air, Inc, which owns a fleet of aircraft including his campaign jet. Additional outlays to Trump businesses include $70,915 to Trump Tower Commercial LLC and $3,000 to Trump Restaurants LLC.

Trump’s campaign had nearly $7 million in the bank by the start of 2016.

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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  1. Avatar for chammy chammy says:

    Yet I have heard he has not spent any of his money on the campaign but has used donor money. So much for self financing his cpaign

  2. The single largest vendor to the Trump campaign funding was himself. He spent $826,590 in payments his TAG Air, Inc, which owns a fleet of aircraft including his campaign jet. Additional outlays to Trump businesses include $70,915 to Trump Tower Commercial LLC and $3,000 to Trump Restaurants LLC.

    Reminds me of Christine “not-a witch” O’Donnell. Even grifting has it’s stars. I wonder if there is a yearly awards banquet?

  3. He found out the only better return on your money than running a casino is loaning money to a campaign. Wonder what the interest rate is?

  4. Hmm. I wonder if a loan to his campaign could be written off as a deductible business loss if the campaign doesn’t pay it back, while a straight donation would have no tax benefits.

  5. Avatar for edhedh edhedh says:

    what’s this “loan” shit? is he going to pay back himself?

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