By Lena Masri and Mia Garchitorena

Ted Cruz, the first Hispanic to serve as U.S. Senator from Texas, announced in March that he is running for president.

He will be participating in an election that is likely to be very expensive. Much more money can now be spent on The Presidential Election Campaign of 2016 becauseThe Supreme Court has lifted restrictions on election spending, allowing an unlimited amount of financial contributions to pour into politics.

And Cruz is in the running for most accounted contributions from private employers thus far. Just in his first week as presidential candidate, he raised $2 million, doubling his initial goal of $1 million for the time period.

Most of his largest contributions come from retirees and self-employers, according to data from The Federal Election Commission, an independent regulatory agency that discloses campaign financial information.

Other candidates like Hillary Clinton have only recently started their fundraising campaign.