Michael Bloomberg Willing to Spend $1B in Election


Democratic presidential hopeful and billionaire Michael Bloomberg is willing to spend some serious cash to defeat the current White House administration in 2020, even if it means spending $1 billion to support Elizabeth Warren or Bernie Sanders if he doesn't win the nomination.

The New York Times reports that Bloomberg has already spent $200 million of his own money in TV advertising for his own campaign. Worth around $50 billion, Bloomberg said during a stop in Texas that even if he didn't win the nomination he would spend the money to help Warren or Sanders win the election, regardless of their opposing views.

While some respect that Bloomberg's using his own wealth to finance his campaign, he's also been criticized for trying to essentially "buy the presidency."

Photo: Getty Images

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