Bloomberg Has Now Spent Over a Half-Billion on ‘All Media Types’

Listen to the Article!

The liberal billionaire owner of Bloomberg News has spent less than one percent of his total net worth and has still topped a half-billion dollars in spending in an attempt to buy his way into the White House.

2020 Democratic presidential candidate Michael Bloomberg has now spent an enormous $509,512,884 on “all media types,” according to Advertising Analytics Feb. 24. That’s still not even one percent of Bloomberg’s entire current net worth at $59.4 billion, according to Forbes Magazine’s real-time net worth tracker. In addition, Bloomberg spent $15,059,000 on liberal outside spending groups this cycle.

To put this into context in terms of the Democratic primaries, Bloomberg News noted Feb. 14, that its owner’s spending is “$190 million more than all of his active Democratic rivals combined, including billionaire hedge-fund founder Tom Steyer, have spent on political ads.” [Emphasis added.]

Bloomberg News used news of its owner’s cash to claim Feb. 24, that “[t]he former New York mayor’s primary campaign is the most expensive in presidential history.” [Emphasis added.] The outlet also gave a breakdown of the spending, determining that its owner has spent an average of $5.5 million a day since announcing his candidacy for president.

 

 

Open Secrets reported Feb. 25 that the 2020 Democratic primary is “already the most expensive ever,” having reached $1,234,761,975 spent amongst all candidates vying for the nomination. Both Bloomberg and fellow liberal billionaire rival Tom Steyer, “are driving the spending record by self-funding their campaigns at unprecedented levels.”

Campaigns & Elections 2020 Presidential Campaign Financing Business Coverage Capitalism Bloomberg Michael Bloomberg

Sponsored Links