Mike Bloomberg. Photo: Ray Chavez/Bay Area News Group/Getty Images

Billionaire presidential contender Mike Bloomberg received an extension through March 20 that allows him to keep details about his personal wealth confidential until after Americans vote in the 2020 Democratic primaries, The New York Times reports.

Why it matters: Billionaires have been a focal point so far in the 2020 election, and have been lamented by other candidates for using their vast wealth to buy the nomination.

The state of play: Bloomberg received an extended deadline to file his financial disclosure more than two weeks after Super Tuesday.

  • He has already poured $200 million into TV and digital ads, the Times notes.
  • Bloomberg entered the race in November, months after his rivals. If he drops out before March 20, he may never have to share his financial particulars.

The big picture: Transparency has become important to the 2020 race since President Trump has refused to share his tax returns. "Many Democrats do not want to cede their political advantage on the topic in 2020," the Times writes.

Our thought bubble, via Dan Primack: Bloomberg, as one of America's most successful living entrepreneurs, has created and amassed a lot of wealth.

  • There should be a thorough accounting of how he made his money, and how it affected others along the way.
  • If there are legitimate criticisms, let 'em fly. Just as they should for any other part of his professional and personal conduct, in both the private and public sectors.
  • And there is certainly value in a robust debate over the future viability of plutocracy in America, including the idea of taxing wealth (as opposed to only taxing income).

Bloomberg is worth an estimated $50 billion, per the Times.

His campaign did not respond to a request for comment.

Go deeper: Michael Bloomberg on the issues, in under 500 words

Go deeper

Updated 44 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 1:30 a.m. ET: 32,995,554 — Total deaths: 996,695 — Total recoveries: 22,850,774Map.
  2. U.S.: Total confirmed cases as of 1:30 a.m. ET: 7,115,008 — Total deaths: 204,756 — Total recoveries: 2,766,280 — Total tests: 101,298,794Map.
  3. States: 3 states set single-day coronavirus case records last week
  4. Health: The long-term pain of the mental health pandemic
  5. World: India second country after U.S. to surpass 6 million cases

Democrats demand Trump release his tax returns after NYT report

Compilation images of House Nancy Pelosi and President Trump. Photo: Joshua Roberts/Getty Images/Chip Somodevilla/Getty Images

Democrats called on President Trump to disclose his tax returns following a New York Times report alleging he paid $750 in federal income taxes in 2016 and 2017 and nothing in 10 of the past 15 years.

Details: Trump said the report was "total fake news," that he's unable to release the returns as they're "under audit" by the IRS, "which does not treat me well." House Speaker Nancy Pelosi (D-Calif.) said in a statement the report "provides further evidence of the clear need" for a House lawsuit to access the tax returns and "ensure the presidential audit program is functioning effectively, without improper influence."

Updated 4 hours ago - Politics & Policy

Former Trump campaign manager Brad Parscale hospitalized

Brad Parscale, the former campaign manager for President Trump's re-election campaign, at Drake University in January in Des Moines, Iowa. Photo: Tom Brenner/Getty Images

Fort Lauderdale police arrived at former Trump campaign manager Brad Parscale's home on Sunday after his wife called and said he was threatening to harm himself, Florida officials confirmed to Axios.

Details: Fort Lauderdale Police Sgt. DeAnna Greenlaw told Axios officers responded to a report of "an armed male attempting suicide" just before 4 p.m. local time.