Former New York Metropolis mayor Michael Bloomberg contributed greater than $200 million US of his personal cash to his bid for the Democratic presidential nomination as of the tip of 2019, in response to disclosures his marketing campaign filed on Friday with the Federal Election Fee.
Of that, Bloomberg’s marketing campaign spent $188 million, in response to the disclosures.
That quantity doubtless swelled in January as he has continued to pump hundreds of thousands of {dollars} into tv advertisements and the prices of operating a marketing campaign.
Bloomberg, a late entry to the Democratic competitors to tackle Republican President Donald Trump in November, has pledged to not take any donations and finance his marketing campaign by dipping into his estimated $60 billion US fortune.
Whereas he trails Democratic front-runners Joe Biden and Bernie Sanders in public opinion polls, his degree of assist is rising as he spends closely on a nationwide election marketing campaign.
Bloomberg will not be competing within the first 4 states within the nominating contest, together with Iowa, which holds caucuses on Monday.
As a result of he doesn’t meet the person donor threshold set out by the occasion, Bloomberg because it stands at the moment is not going to be taking part within the subsequent debate of candidates, scheduled for Feb. 7 in Manchester, N.H.
Bloomberg, who will flip 78 in February, is campaigning within the states that maintain nominating contests in March and past. There can be over a dozen states in play on so-called Tremendous Tuesday, which is March 3, and the month general options almost two-thirds of all major contests.
He’s additionally blanketing nationwide airwaves with political advertisements. Unbiased trackers estimate he has spent at the least $250 million on tv advertisements. The technique is reportedly pushing up purchase charges for different candidates.
