CHICAGO — As President-elect Barack Obama hosted a gala for some of his earliest and most loyal financial supporters Thursday evening, his aides released new information showing the magnitude of their feat: They raised nearly $1 billion for his campaign and other election-related efforts.
The total includes already recorded and estimated fundraising for his campaign, the national convention, his transition and his upcoming inauguration.
That sets a new and dramatically higher bar for future presidential candidates, radically changing the financial definition of a serious bid for the White House.
Roughly three-quarters of the money Obama raised was directly channeled to his nearly-two-year campaign, using old-school techniques as well as an Internet-based operation.
A disclosure report filed late Thursday showed Obama raised $111 million from Oct. 16 through Nov. 24.
That brings his campaign total to $770 million, easily more than the combined fundraising for the 2004 election by President Bush and Democratic Sen. John F. Kerry of Massachusetts.