Former Mayor Mike Bloomberg wasted at least $600 million on his failed presidential campaign that ended after a mere 101 days.
The former New York City mayor announced his decision to drop out of the Democratic 2020 presidential primary Wednesday morning, after performing badly in the Super Tuesday primaries.
“I’m a believer in using data to inform decisions,” Bloomberg wrote in a statement. “After yesterday’s results, the delegate math has become virtually impossible.”
Bloomberg bet that massive advertising in the 14 Super Tuesday states would help him win enough delegates to propel him to the Democrat nomination. He spent $528 million just on advertising, according to reports, with millions more on staff and organization. Axios reports that Bloomberg spent $600 million on his campaign, most of it his own money.
Tim Scott balances Senate policy and GOP political roles
Trump’s hostage-freeing ceasefire plan draws gratitude from Israelis
FBI investigating antifa’s apparatus, sources say
Labor unions sue Trump administration over social media monitoring of visa holders
DHS to impose $1K fee for migrants granted humanitarian parole
Mamdani clashes with rivals in fiery debate less than three weeks before NYC chooses next mayor
Erika Kirk shows TPUSA staff Charlie’s Medal of Freedom: ‘You guys are all part of the legacy’
NYC schools sue Education Department over nearly $50M in grant cuts due to transgender policies
National Guard not welcome: NYC mayoral candidates come out strong against troop deployments
Mamdani flip-flops on key Hamas position one day after refusing to call on it to disarm
Jones and Miyares clash over murder texts as Dem repeatedly invokes Trump at heated, high-stakes debate
Jason Miyares hammers Jay Jones over leaked texts during Virginia attorney general debate
Watch: AOC and Bernie Sanders Flip Out on CNN’s Kaitlan Collins Over Chuck Schumer Question
Fox News ‘Antisemitism Exposed’ Newsletter: Hostages’ ‘deep and lasting effects’ revealed
Dem school board chair drops Senate bid after ‘radical empathy’ backlash over illegal immigrant superintendent
The billionaire, who was repeatedly taunted by President Donald Trump for being short and uncharismatic, did not win a single state’s primary but did win American Samoa.
Bloomberg spent more than any other failed Democrat presidential candidate, including billionaire self-funder Tom Steyer, who wasted $252 million on his now-defunct campaign. Sen. Kamala Harris (D-CA) spent over $25 million on her failed presidential campaign and former Congressman Beto O’Rourke (D-TX) spent about $14 million on his attempt to win the presidency. Sen. Cory Booker (D-NJ) wasted over $14 million and Sen. Amy Klobuchar wasted over $30 million.
Story cited here.
