Donald Trump is the presumptive Republican nominee and to get there, he only spent a quarter of what his rival Democrats laid out. He says he'll continue to self-fund what's left of his primary. So why has he hired a new fundraising chief? Today, we take a look at where the big Campaign Cash is coming from and which interests are pulling the strings. One trend stood out immediately: the biggest money of all, in both Republican and Democrat politics, comes from giant hedge fund billionaires.
Hillary Clinton: Our campaign depends on small donations for the majority of our support. We can't do this without you.
Donald Trump: I don't need anybody's money. I'm using my own money. I'm not using the lobbyists. I'm not using donors. I don't care. I'm really rich.
The candidates know it's seen as a virtue if they shun big money. But the reality is, it takes cash to elect a President.
Will Tucker is the Money and Politics Reporter for Opensecrets.org, which tracks campaign spending. He's our guide, helping dissect the complex and secretive world of campaign funding.
Donald Trump has spent $37 million dollars out of pocket so far and says he'll continue to self-fund the rest of his primary campaign.
Trump: I'm not taking money from anybody. I'm not taking millions and millions of dollars.
Sharyl Attkisson: Donald Trump says he doesn't want our money. He's self-financing his campaign, so why does he have a "donate" button on his website?
Will Tucker: Well, I think Donald Trump is a little disingenuous when he says that he's self-funding his campaign. He's actually loaning money to his campaign. That money that he has loaned to his campaign can ultimately be paid back to him. There are a lot of people out there who want to give to Donald Trump and I believe small donors have given him something like $7 million so far.
Sharyl: Donald Trump can rightfully say he does not have the big money backing him that other candidates do?
Tucker: He can. He can credibly say that.
For the general election, which starts after the party conventions in July, Trump will play the nominee's traditional role, helping the Republican Party raise funds to support Congressional candidates and national goals. For that, he's hired Steven Mnuchin, CEO of Dune Capital Management. Mnuchin is hedge fund manager #1 in our campaign money story.
Hedge funds invest pools of money from wealthy investors using high-risk strategies. Said to control a trillion dollars, they're working to fend off greater federal regulations.
Hillary Clinton has hedge fund managers in her own orbit, and compared to Trump, she's swimming in money.
Clinton: Please join the 950,000 supporters who already have contributed, most less than $100.
Sharyl: Clinton brags a lot about her small donors and maybe that's true when you're talking about direct campaign contributions, but it doesn't factor in her super PAC network, which is formidable.
Tucker: It is.
Sharyl: Who are Hillary Clinton's biggest industries and individuals giving to her or her super PACs?
Tucker: So if you look at her campaign, what you'll see is very traditional Democratic sources of campaign funds: education as an industry and lawyers and law firms, to be specific. But if you factor in the super PACs that are supporting her, securities and investment, what we consider to be Wall Street jumps up the list and it is her number one donor industry.
Super PACs are controversial because they can raise unlimited sums of money from corporations, unions and people. A lot of their spending falls in the dirt department: paying for negative ads, social media attacks and digging up dirt on opponents.
Clinton's top donor is billionaire George Soros. He's hedge fund manager #2 in our report. He's given more than $7 million dollars, most of it to a pro-Hillary super PAC.
Tucker: The group supporting Hillary Clinton is Priorities USA Action, and they take money from George Soros, from Haim Saban and several other wealthy Democratic mega-donors.
Sharyl: Who's Haim Saban?
Tucker: Haim Saban is the Chairman of a big media group. He is a liberal mega-donor and has been for several years. He's a very plugged in donor with the Clinton coalition.
Saban and his wife have supported Hillary to the tune of $7 million dollars. Their giant media investment firm owns Univision. That's the Spanish language TV network that cancelled plans to air Trump's Miss USA, after he said he'd build a wall on Mexico's border and crack down on illegal immigration. The Saban company is also the network of Jorge Ramos, who has publicly sparred with Trump.
Clinton's biggest money strength comes through a formidable network that includes American Bridge, Priorities USA, Media Matters and Correct the Record, groups that work together on data, polling, news media outreach, opposition research and negative ads.
Also on Clinton's big money list: billionaire James Simons of Euclidean Capital, our #3 hedge fund mogul. Like Soros, he's in for around $7 million dollars so far.
In contrast to Hillary's seven million dollar men, The Donald's top donor weighs in at $150,000. It's John Powers Middleton Companies, founded by the executive producer of My Big Fat Greek Wedding 2.
For the first time, Trump is also getting some major super PAC support. In the past few weeks, Great America PAC has dropped $6 million dollars on pro-Trump TV ads.
But believe it or not, the largest conservative and liberal donors of 2016 haven't given big money to either Hillary or Donald so far.
The number one moneyman, bar none, has plunked down upwards of $14 million dollars, most of it to Ted Cruz.
He's Wall Street CEO Robert Mercer and our #4 hedge fund magnate.
The top liberal donor is billionaire Tom Steyer, our #5 hedge fund boss, and he's not given much to Clinton, according to Tucker. He's supporting issues.
Tucker: Tom Steyer has given more than $10 million to a group of super PACs that he started that advocate for climate change policies, progressive climate change policies.
That takes care of the most colossal donors. Which candidate is getting the most support from small donors? It's far and away Democrat Bernie Sanders.
Tucker: As a matter of fact, when we download the data from the Federal Election Commission, it takes us days to process all of the small contributions that go to Sanders. It's a huge headache for our researchers, but you know, it is a point that Sanders can credibly make on the campaign trail. Hillary Clinton, on the other hand, because she has super PACs supporting her, the amount of money that she receives from small donors pales in comparison to the amount of money that her super PACs get and then will spend to support her in the general election.
Sanders has not had a super PAC that has been affiliated in any way with his campaign, though he does have support of super PACs. National Nurses United have made independent expenditures, though certainly not on the level of Hillary Clinton's Priorities USA.
Directly to his campaign, we see a lot of contributions from, again, reliably liberal industries like, education and health professionals that are giving to Bernie Sanders.
Sanders' biggest single donor is the parent company of Google, Alphabet Inc: $255 thousand dollars.
So how does it all look in a side-by-side comparison?
Including so-called outside money:
Trump's biggest donor gave $150,000 and his top 20 quickly falls off to $5,000 dollars.
Sanders' biggest donor gave $250,000.
All of Clinton's top 20 donors break a million dollars.
For Trump and Sanders, their top industry is listed as "retired" people: a total of $756,000 for Trump and $4 million dollars for Bernie.
Clinton's top industry, "Wall Street" tops $23 million dollars.
When it comes to the direct campaigns, Sanders has raised the most, over $182 million dollars. Clinton is right behind him at $180 million and Trump has raised less than a third of each of his current challengers: $48 million dollars.
Add in so-called outside money, including super PACs:
Clinton takes the lead with a total that tops $256 million. Sanders hovers around $182 million and Trump comes in just above $51 million dollars.
Sharyl: Would people be surprised to know what's really going on behind some of these campaigns?
Tucker: I think they would, and I think the data that we work with every day reflects kind of what people fear about the political system. It reflects that very few people have an outside influence over the federal political system in the United States.
Under the category of it's a small world: Trump's national campaign fundraising manager, hedge fund manager Steven Mnuchin, once partnered up in a business venture with Clinton's biggest donor: hedge fund manager George Soros.
Trump's campaign told us they think he'll be elected President with far less money than others have spent in recent times. "We're watching every dime," said a spokesman.