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Michael Bloomberg has now spent €420m on his US presidential bid

The US billionaire and Democratic presidential candidate Michael Bloomberg has spent more than $4...
Stephen McNeice
Stephen McNeice

18.08 21 Feb 2020


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Michael Bloomberg has now spen...

Michael Bloomberg has now spent €420m on his US presidential bid

Stephen McNeice
Stephen McNeice

18.08 21 Feb 2020


Share this article


The US billionaire and Democratic presidential candidate Michael Bloomberg has spent more than $460 million (€420 million) on his presidential campaign to date, according to new figures.

Mr Bloomberg entered the race in November, and since then his campaign has spent unprecedented amounts on advertisements.

Figures released by the US Federal Election Commission (FEC) show Mr Bloomberg's campaign has raised $464,145,124 to date - all from the billionaire's own fortune, meaning there is no limit on his spending.

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Republican Donald Trump, in contrast, has raised less than half that amount for his own re-election effort - with those funds a mixture of individuals' contributions and committee fundraising.

The Democratic frontrunner Bernie Sanders, meanwhile, has raised $134 million (€123 million) to date, almost entirely from individuals' contributions.

Image: FEC

Polls in the US have shown recent gains in support for Mr Bloomberg, despite his late entry to the race and his non-participation in several of the early primary contests.

Senator Sanders continues to lead in opinion polls, while former vice-president Joe Biden continues to struggle to gain momentum after earlier being the clear frontrunner.

Spending

The extraordinary spend by Mr Bloomberg made him the focus of sharp criticism from a number of the other remaining Democratic presidential hopefuls during the latest televised debate earlier this week.

He also was attacked for his record as New York City mayor, as well as reported inappropriate past comments about women.

Senator Elizabeth Warren said: "I'd like to talk about who we're running against - a billionaire who calls women 'fat broads' and 'horse faced lesbians'.

"No, I'm not talking about Donald Trump - I'm talking about Mayor Bloomberg.

"Democrats take a huge risk if we just substitute one arrogant billionaire for another."

Senator Sanders, meanwhile, said: "Mike Bloomberg has more wealth than the bottom 125 million Americans. That’s wrong and immoral".

Democratic presidential hopefuls are currently preparing for the next round of primary and caucus votes - with Nevada and South Carolina the next states set to select their preferred nominee.

'Super Tuesday' - a major landmark in the race which will see primaries in more than a dozen states - will take on March 3rd.

Eight Democratic candidates remain in the race, including former mayor of South Bend, Indiana Pete Buttigieg and Senator Amy Klobuchar.

Main image: File photo of Democratic presidential candidate and former New York City Mayor Michael Bloomberg. Picture by: Carlos Osorio/AP/Press Association Images

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