Billionaire media mogul Michael Bloomberg, the former mayor of America’s largest city, has jumped into the race for the Democratic U.S. presidential nomination. Here are some facts about the billionaire
WASHINGTON - Billionaire media mogul Michael Bloomberg, the former mayor of America’s largest city, jumped into the race for the Democratic U.S. presidential nomination on Sunday as a moderate with deep pockets unabashedly aiming to beat fellow New Yorker Donald Trump in the November 2020 election.
Bloomberg, founder and CEO of prominent media company Bloomberg LP and a leading philanthropist, has a financial advantage over his Democratic rivals. It already is on display as he has spent at least $31 million in television ads that will run in states across the country over the next two weeks, a campaign spokesman said.
He announced earlier in November a $100 million online ad campaign targeting Trump in four battleground states. “I know what it takes to beat Trump, because I already have. And I will do it again,” Bloomberg said, stressing his success as a self-made businessman who came from humble roots.Bloomberg, who filed paperwork on Thursday with the U.S. Federal Election Commission to run for president, previously had filed paperwork to be eligible for the Democratic primaries in Alabama and four other states with early deadlines for ballot qualification.
He apologized this month for New York’s “stop and frisk” policy that allowed police to stop and search people on the street, which was decried by critics as racist for overwhelmingly targeting black men. Black voters are a critical Democratic voting bloc.Bloomberg also has been mocked by some critics for attempting to ban sodas sold in cups larger than 16 ounces in an effort to reduce sugar consumption at a time of high rates of obesity in the United States.
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