Youngkin invested $ 20 million of his own money in a campaign – NBC4 Washington

Republican Glenn Youngkin’s reverse-trend victory in Virginia’s gubernatorial race cost him $ 20 million out of his own pocket, according to new campaign finance reports.

Reports filed with the State Election Council on Thursday show that Youngkin, a wealthy businessman and newcomer to politics, has not made any last-minute loans to his campaign in his final weeks. The $ 20 million he loaned to his campaign had already been reported.

The personal loan, however, kept him up to speed financially with Democrat Terry McAuliffe, who has many fundraising contacts throughout his long career in Democratic politics.

Final reports show McAuliffe raised $ 68.7 million over the election cycle. Youngkin has raised almost as much – $ 67.9 million – during the cycle, including the $ 20 million he loaned to his campaign.

Youngkin’s campaign indicated he still had nearly $ 3.5 million in the bank.

Fundraising broke records set during the 2017 Governors’ Campaign.

Youngkin beat McAuliffe by a 51-49 margin in last month’s election, according to official board results. He led a GOP sweep across all three state offices, including the lieutenant governor and attorney general, to mark Republicans’ first statewide victories in Virginia since 2009.

In the lieutenant governor’s race, Winsome Sears won despite a 2-1 disadvantage in fundraising. Final reports show Sears raised $ 2.9 million for the election cycle, compared to $ 6.8 million for Democratic opponent Hala Ayala.

In the race for attorney general, Republican Jason Miyares has also been overtaken in his successful attempt to oust Democrat Mark Herring to two terms. Miyares raised $ 7.2 million in the cycle, compared to $ 9.2 million for herring.

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