Staggering amount already spent by Bloomberg on presidential campaign

[left-of-center2012]

Former New York City Mayor Michael Bloomberg has reportedly poured about $120m into campaign advertising since joining the presidential race in November. Mr Bloomberg is the ninth richest person in the US and the 14th richest person in the world, with a net worth estimated at $58bn.

According to Politico, the amount spent by Mr Bloomberg is double the combined advertising spending of every non-billionaire candidate from the same party this year. So far, he has spent over $13m on advertising each in California, Texas, and Florida - states with large numbers of delegates that could determine the success of his campaign.

In late November, over the course of one week, Mr Bloomberg spent $33m airing ads on broadcast, cable, and digital formats .... He is one of two billionaires currently vying for a presidential nomination. The other is Tom Steyer, a hedge fund manager from Manhattan whose net worth is $1.5bn.

Together, both billionaires have spent almost $200m into television and digital advertising. Mr Steyer has so far spent $83m in ad buys - no where close to Mr Bloomberg’s, but significantly more than the third highest spender, Pete Buttigieg, who has shelled out $19m.

https://www.yahoo.com/news/democrats-primary-staggering-amount-already-133718768.html

[CrispyQ]

1. Fuck both of them.

Insert two flip-the-bird smiles here.

Buy some radio stations in the heartland, hire top notch writing talent, and challenge the message of hate and fear that blankets rural America on AM radio. That would do so much more to help America than your egotistical, bloated campaigns.

[David__77]

2. I hope his ads are mainly aimed at Trump in a way that is helpful.

...

[snowybirdie]

3. Obscene

amounts of money just to stroke his ego. Those funds could do so much good, but all it does is enrich media bosses

[Autumn]

4. Might have been cheaper for Bloomberg to just accept a tax hike and support Bernie or Liz.

[MineralMan]

5. All of which goes to show that mere money can't buy you votes.

The three largest campaign spenders are all behind the three poll leaders. All of them are in single digits in the polling. Democratic primary voters don't vote based on campaign budgets. Waste of money, guys...