His total take reached $1,017,892,305 in April, some nine years after he began his 2004 race for the Senate. Obama is widely expected to raise at least $300 million more before November.
President George W. Bush, in contrast, raised roughly $430 million despite running two complete presidential races and bearing the brunt of Democrats’ claims that he was a pawn of bankers, oil companies, coal magnates and defense contractors.
Bush’s total campaign spending was roughly $140 million more than his donations because he received matching federal funds in exchange for limiting his own private fundraising.
Obama, however, raised nearly all of his $1 billion after reversing his promise to follow suit.