Bloomberg, whose net worth is estimated at more than $50 billion, spent about $1 billion on his own failed Democratic primary bid before dropping out and immediately endorsing Biden.
Billionaire Michael Bloomberg announced Sunday he plans to spend at least $100 million to help Democratic presidential nominee Joe Biden in the crucial battleground state of Florida, where polling has tightened in recent weeks as President Donald Trump fights for a second term.
Bloomberg, whose net worth is estimated at more than $50 billion, spent about $1 billion on his own failed Democratic primary bid before dropping out and immediately. He vowed to"do whatever it takes to defeat Trump" and has contributed millions to help Democratic candidates in 2020. He transferred $18 million from his presidential campaign to the Democratic National Committee.
Trump reacted to the news of Bloomberg's planned contribution with a tweet that mocked the former New York mayor's failed primary bid. In the tweet, Trump referred to Bloomberg with a disparaging nickname and claimed he spent $2 billion, doubling his actual expenditures.
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