The American election is something that the whole world is talking about. It will also cost a fortune for elections in a declining superpower. However, this time around, the presidential election has come at an unprecedented cost. The Center for Responsive Politics report estimates that the US 2020 election will cost nearly $ 14 billion (over Rs. 3 trillion). The report says that the cost of this election is less than the cost of the 2012 and 2016 elections. Elections are expected to cost up to $ 11 billion (over Rs 81,000 crore) this time around. However, the cost of the election is beyond expectations. The rivalry between Trump and Joe Biden is juicy. In addition, the corona issue is playing a key role in the US election.
Democratic presidential candidate Joe Biden received $ 1 billion (Rs 7,400 crore) in funds. Big billionaires stand by him to win over Joe Biden. Prominent among them were New York Mayor Michael Bloomberg and social worker Tom Steyer. The two first competed for the presidency and then withdrew from the race. But Joe Biden is spending billions of dollars campaigning for the win. The two have so far spent $ 1.4 billion (over Rs 10,000 crore) on the Joe Biden campaign. Other groups and supporters spent another $ 5.5 billion (over Rs 40,000 crore) on the campaign.
Trump, on the other hand, raised $ 596 million (Rs 4,415 crore) through fundraising. In all, the Republican Party spent $ 3.8 billion (over Rs 28,000 crore) on its election campaign. Women mostly donated to Joe Biden. This is also one of the reasons why he has received more donations than Trump. The number of donors giving less than $ 200 to both parties is also high. The Democratic Party received a total of $ 1.7 billion (over Rs 12,000 crore) in donations, while the Republicans received $ 1 billion (over Rs 7,000 crore).