Donald Trump May Need A Lot Of Rich Backers After All

Even if Donald Trump is “really rich”—as he reminds the world frequently—he doesn’t have nearly enough money to fund a general-election campaign, if he ends up being the Republican nominee for president.

Trump has made it this far mostly by self-funding his campaign, with help from donors who have sent in around $7.5 million in contributions of $2,700 or less. But that model won’t work in the fall if it’s Trump v. the Democratic nominee, most likely Hillary Clinton. “We’ll see an end to the self-funding if he becomes the nominee,” says Republican strategist Ford O’Connell, who worked on the 2008 McCain-Palin campaign. “He’ll have to raise in excess of $1 billion.”

Republican donors have plenty of money to give, but Trump is in a tricky spot because he has sworn off super PACs, the groups able to raise unlimited amounts from wealthy contributors. Trump says donors writing six-, seven- or eight-figure checks “have corrupted our politics and politicians for far too long,” and has vowed not to accept big donations.

Read more form Rick Newman at Yahoo Finance

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Analysis & Political Strategy