Former NYC Mayor Mike Bloomberg endorses Biden, gives $20 million to re-election effort 

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Former NYC Mayor Mike Bloomberg endorses Biden, gives $20 million to re-election effort 
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endorsed President Biden Thursday and has contributed $20 million toward the incumbent’s re-election effort, according to multiple reports.

Future Forward USA PAC, a pro-Biden group also known as FF PAC, received $19 million from the former three-term mayor, according to the “From finance to media to philanthropy, Michael Bloomberg has revolutionized our economy. He’s transformed how we consume information,” Biden said as he bestowed Bloomberg with the nation’s highest civilian honor.

He re-registered as a Democrat in 2018 – the party he affiliated himself with prior to his mayoral career – and spent more than $1 billion on an unsuccessful 2020 White House run, in which he competed against Biden in the Democratic primaries. Bloomberg’s net worth is reported to be $106 billion, according to Forbes — landing him just outside the top 10 on its list of the world’s top billionaires.

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