Obama has become the first politician to top that lofty mark of donations collected during his career.
His lifetime total hit $1,017,892,305 in April, nine years after he began his 2004 race for Senate, according to an analysis by the Center for Responsive Politics.
And Obama is hardly done: most observers expect him to raise at least another $300 million by Election Day.
The President has raised more than $217 million so far for this campaign, while his November opponent Mitt Romney has hauled in just under $100 million, the Center found.
However, the playing field becomes far more level when independent political action committees are included - conservative groups are expected to far outraise left-leaning organizations.
Both candidates’ parties have also poured cash into the race, which is expected to be - by far - the most expensive in history.
To help fund his re-election bid, Obama has turned to a series of big-names to join him at fundraising events - and the latest is Bill Clinton.
The Obama campaign announced Tuesday that the current and former President will co-host an event in New York next month.
“When Bill Clinton ran for president in 1992, I had just started a job registering voters in Chicago,” Obama wrote in an email to supporters.
“I remember watching his campaign and thinking, ‘Wow, I've never seen a candidate like him,’” Obama continued. “I ran for President because we lost our way as a country after President Clinton left the White House.”
Details of the event, scheduled for June 4, were not immediately released.
It follows on the heels of Obama’s wildly successful cash bash at George Clooney’s Los Angeles home. That glitzy night raised $15 million - a record for a single event.
Obama will also have another fundraiser at Sarah Jessica’s Parker’s West Village townhouse on June 14.
The Clinton event, like those two celeb-studded bashes, will mostly be populated with fat cats who pay $40,000 a plate, but two seats will be raffled off to donors who can pay as little as $3 for an entry. SOURCE