Here's how Hillary Clinton plans to raise tons of campaign money
The gusher is officially open.
Hillary Clinton’s formal entry into the 2016 presidential race is also the launch of a wildly ambitious fundraising effort. Clinton aides have promised an “insane” push to wring money from donors that might be the most successful ever. By Election Day in 2016, total donations to Clinton’s campaign could approach $1 billion. Barack Obama in 2012 raised a mere $716 million.
Clinton’s most likely GOP opponent — presumed front-runner and former governor of Florida Jeb Bush — is the early favorite among corporate billionaires who long for a Republican in the White House. But Clinton is a formidable fundraiser herself. She raised $329 million during eight years in the Senate and another $229 million running for president in 2008. As a senator from New York, she became intimately familiar with Wall Street’s movers and shakers. And as Secretary of State, she made connections with global business interests.
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Lawyers. Law firms have been Clinton’s single biggest source of funds, according to the Center for Responsive Politics, contributing $23 million to her as a senator and another $16.5 million to her 2008 presidential bid. Firms whose employees donate the most: DLA Piper ($1.1 million in total donations to Clinton's various campaigns), Skadden Arps ($626,950), Greenberg Traurig ($466,300) and Kirkland & Ellis ($489,182). All of those firms lobby for corporate clients or have in the past.
Wall Street. When Clinton was a senator from 2001 to 2009, 5 of her 10 biggest funding sources were Wall Street banks: Citigroup (No. 1 with $782,327 in donations), Goldman Sachs (2, $711,490), J.P. Morgan Chase (4, $620,919), Morgan Stanley (6, $543,065) and the now-defunct Lehman Brothers (9, $362,853). Donors from the securities industry overall contributed $11 million to Sen. Clinton. Wall Street CEOs who have helped fund her past campaigns include Jamie Dimon of J.P. Morgan, Lloyd Blankfein of Goldman Sachs and James Gorman of Morgan Stanley. They may have soured on Democrats since Clinton was in the Senate, due to aggressive new banking regulations rolled out under Obama. But they may also see Clinton as friendlier toward the financial industry than the current president.
More: Yahoo