Andrew Yang raises $10 million in third quarter, campaign says

Andrew Yang raises $10 million in third quarter, campaign says
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Former tech executive Andrew YangAndrew YangGroups seek to get Black vote out for Democrats in Georgia runoffs Media and Hollywood should stop their marching-to-Georgia talk Andrew Yang: Democrats need to adopt message that government is 'working for them' MORE raised $10 million in the last three months for his presidential bid, a substantial haul that more than triples his fundraising total in the second quarter of the year.

The third quarter fundraising sum puts him in the middle tier among the six Democratic presidential candidates who announced their latest financial hauls so far. Yang is expected to report $6.3 million in cash on hand, well above the $847,000 he had in the bank at the end of June.


His fundraising numbers were boosted in the last 10 days of September by $2.28 million in donations, his campaign said. 

Yang, who entered the presidential race in 2017 as a political unknown, has seen his political stock rise in recent months, as he’s outperformed several more traditional candidates — senators, members of Congress and governors among them — in the polls.

And while he’s not among the primary field’s top-tier candidates, his latest fundraising numbers suggest that his rising profile has translated to donations. 

He outraised at least two other candidates in the third quarter. Sen. Cory BookerCory BookerBiden budget pick sparks battle with GOP Senate Policy center calls for new lawmakers to make diverse hires Dangerously fast slaughter speeds are putting animals, people at greater risk during COVID-19 crisis MORE’s (D-N.J.) campaign said on Tuesday that it had raised roughly $6 million in the past three months, while Sen. Michael BennetMichael Farrand BennetThe Hill's Morning Report - Presented by Mastercard - GOP angst in Georgia; confirmation fight looms Overnight Health Care: Moderna to apply for emergency use authorization for COVID-19 vaccine candidate | Hospitals brace for COVID-19 surge | US more than doubles highest number of monthly COVID-19 cases Bipartisan Senate group holding coronavirus relief talks amid stalemate MORE (D-Colo.) brought in about $2.1 million. 

Yang's $10 million haul puts him behind Sen. Kamala HarrisKamala HarrisMiddle East: Quick start for Biden diplomacy Hillicon Valley: GOP chairman says defense bill leaves out Section 230 repeal | Senate panel advances FCC nominee | Krebs says threats to election officials 'undermining democracy' Top intelligence official says China targeting foreign influence at incoming Biden administration MORE (D-Calif.), who raised $11.6 million in the third quarter; South Bend, Ind., Mayor Pete ButtigiegPete ButtigiegJuan Williams: Clyburn is my choice as politician of the year 'Biff is president': Michael J. Fox says Trump has played on 'every worst instinct in mankind' Buttigieg: Denying Biden intelligence briefings is about protecting Trump's 'ego' MORE, who raised $19.1 million; and Sen. Bernie SandersBernie SandersFormer Sanders press secretary: 'Principal concern' of Biden appointments should be policy DeVos knocks free college push as 'socialist takeover of higher education' The Hill's 12:30 Report — Presented by Capital One — Giuliani denies discussing preemptive pardon with Trump MORE (I-Vt.), who leads in third-quarter fundraising with $25.3 million.

But Yang’s figures show one of the most drastic quarter-over-quarter increases. He raised roughly $2.8 million between April and June, according to federal filings.

"Andrew Yang is the only contender showing exponential growth in the third quarter, more than tripling his fundraising number from last quarter," said Zach Graumann, Yang’s campaign manager. 

"This grassroots fundraising total, with over $6m in the bank, ensures this campaign will have the funding to compete and outperform expectations through Super Tuesday and beyond."

Yang has qualified for the fourth Democratic presidential debate on Oct. 15 and has already surpassed the 165,000-donor threshold to qualify for the fifth debate in November.