Kashkari has now donated $2 million to his campaign, accounting for about half of all money he has reported raising. It also represents a personally significant sum. Kashkari, who previously said he did not intend to self-finance, put his net worth at less than $5 million before the campaign began.
Despite greatly outspending Donnelly, Kashkari lags behind the Twin Peaks assemblyman in public opinion polls. Kashkari, a former Goldman Sachs executive and former U.S. Treasury Department official, has recently started paid advertising, while Donnelly is unlikely to have any traditional advertising effort before the June 3 primary election.
Donnelly and Kashkari are the two main Republicans bidding to unseat Gov. Jerry Brown. Brown, a third-term Democrat, is widely expected to finish first in the June primary election, leaving Kashkari and Donnelly to compete for second place. The top two finishers advance to a runoff election in the fall.
PHOTO: Republican Neel Kashkari speaks with reporters at Oroville Dam on March 28, 2014. The Sacramento Bee/David Siders