Feb 20, 2020 - Politics & Policy

Bloomberg campaign spent over $220 million in January alone

Photo: George Frey/Getty Images

Michael Bloomberg's campaign spent over $220 million in January alone, according to Federal Election Commission documents filed Thursday.

Why it matters: With a $65 billion net worth, it's a drop in the bucket for the businessman and former mayor of New York. Even still, the cash Bloomberg has spent so far has been enough to propel him to the top of the crowded Democratic field in national polls.

By the numbers: The $220 million Bloomberg spent in January includes salaries for about 1,000 employees. Since the end of the filing period, the nationwide campaign has bulked up to 2,400 staff across 43 states. For perspective, the campaign in January spent:

  • $7.1 million per day
  • $296,533 per hour
  • $4,942 per minute
  • $82.37 per second

What's next: Bloomberg has said he will spend "whatever it takes" to defeat President Trump.

Go deeper: Bloomberg's big bet on the power of money

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Bloomberg's historic bust

Mike Bloomberg waves to supporters in West Palm Beach, Florida, on Super Tuesday. Photo: Joe Raedle/Getty Images

Never in American history has a presidential candidate spent more to get less than Mike Bloomberg, making his buy-a-nomination bid a big bust. 

Why it matters: Bloomberg spent $600 million to win as many states as every American who chose not to run: zero. (He has American Samoa to show for it.)

Ad spending on 2020 primary tops $1 billion

Illustration: Aïda Amer/Axios

Spending on the 2020 presidential primary has officially surpassed the $1 billion mark, with more than half of that total coming from billionaire Michael Bloomberg, according to data from Advertising Analytics.

Why it matters: It's the most money that has been spent this early on in an election cycle in U.S. history.

Bloomberg suspends presidential campaign, endorses Biden

Photo: Mark Makela/Getty Images

Michael Bloomberg, who spent hundreds of millions of dollars to self-fund his 2020 presidential run, announced Wednesday that he is suspending his campaign after a poor performance on Super Tuesday and will endorse Joe Biden.

What he's saying: "I’ve always believed that defeating Donald Trump starts with uniting behind the candidate with the best shot to do it. After yesterday’s vote, it is clear that candidate is my friend and a great American, Joe Biden," Bloomberg said in a statement.

Go deeperArrowUpdated Mar 4, 2020 - Politics & Policy