Bloomberg has pumped an unprecedented $464 million of his own fortune so far into White House bid

Billionaire Michael Bloomberg plowed nearly $464 million into his bid for...

Posted: Feb 20, 2020 9:38 PM
Updated: Feb 21, 2020 8:00 AM

Billionaire Michael Bloomberg plowed nearly $464 million into his bid for the Democratic presidential nomination through the end of January, new campaign filings show -- blowing past all previous records for self-funding candidates in his quest to face President Donald Trump in November's general election.

The media and business data tycoon spent more than $220.6 million in January alone -- much of it on advertising and to quickly assemble a campaign staff that now tops more than 2,000, his aides said. In all, Bloomberg has spent $409 million between November, when he entered the race, through the end of January.

The figures come a day after Bloomberg's weak performance in a contentious debate Wednesday in Las Vegas. The former New York mayor, in his first appearance on the Democratic debate stage, faced ferocious criticism from his rivals over his record at the helm of the nation's largest city, his policing policies and his treatment of women in his private ventures.

Bloomberg and his aides argue his vast resources and centrist positions make him the best contender to confront the President.

'Mike is the only candidate with the record and resources to build the national infrastructure Democrats need to beat Donald Trump,' campaign manager Kevin Sheekey said in a statement Thursday.

In January alone, Bloomberg spent $126.5 million on television commercials. Another $45.4 million went to digital advertising, more than half of which went to Facebook, his filings show.

His campaign also sent more than $13.6 million last month to one of Bloomberg's companies, Hawkfish LLC, which serves as the campaign's digital ad agency. Another $2.1 million went to MRB4USA LLC, a firm that Bloomberg's media strategist Bill Knapp launched to work on the campaign.

The campaign also wrote checks totaling $45,000 in January to the consulting firm of one of his prominent endorsers, former Philadelphia mayor Michael Nutter, a 'national co-chair' of the Bloomberg campaign.

All presidential candidates must file reports Thursday with the Federal Election Commission, detailing their fundraising and spending. The filings cover January activity only.

Bloomberg has continued to spend heavily this month on advertising in a push to overwhelm his rivals ahead of the Super Tuesday contests on March 3, when he will appear on the ballot for the first time. As of Thursday morning, he has spent more than $427 million on advertising, according to Kantar Media's Campaign Media Analysis Group.

The nearly half a billion dollars Bloomberg donated to his campaign through January dwarfs the spending by other rich candidates who have sought federal office. Trump, who partially funded his 2016 White House bid, spent a little more than $66 million of his own money and has relied on donations from others to fuel his reelection.

On Thursday, Trump and the Republican National Committee said their joint fundraising efforts had brought in $60.5 million in January. Team Trump started this month with more than $200 million in cash reserves, campaign officials said.

This story has been updated with additional reporting.

CORRECTION: This story has been updated to accurately reflect how much Michael Bloomberg has donated to his campaign through the end of January, according to new campaign filings.

Huntsville
Scattered Clouds
88° wxIcon
Hi: 89° Lo: 72°
Feels Like: 95°
Florence
Clear
89° wxIcon
Hi: 90° Lo: 74°
Feels Like: 95°
Fayetteville
Clear
88° wxIcon
Hi: 89° Lo: 72°
Feels Like: 88°
Decatur
Clear
88° wxIcon
Hi: 90° Lo: 72°
Feels Like: 96°
Scottsboro
Clear
90° wxIcon
Hi: 90° Lo: 72°
Feels Like: 98°
WAAY Radar
WAAY WAAY-TV Cam
WAAY Temperatures

Alabama Coronavirus Cases

Confirmed Cases: 48588

Reported Deaths: 1042
CountyConfirmedDeaths
Jefferson5687161
Mobile4315136
Montgomery4275109
Tuscaloosa238248
Marshall181511
Madison16208
Lee146337
Shelby141424
Morgan11575
Baldwin10399
Walker101825
Elmore97519
Dallas9189
Franklin90616
Etowah83413
DeKalb7905
Chambers64727
Autauga64312
Butler63728
Tallapoosa60669
Russell5890
Unassigned53826
Houston5366
Limestone5251
Lauderdale5146
Cullman4905
Lowndes47922
Pike4525
Colbert4426
St. Clair4402
Escambia4358
Calhoun4035
Coffee3923
Covington38110
Bullock36910
Barbour3622
Jackson3432
Talladega3337
Dale3261
Marengo32011
Hale31722
Wilcox2958
Clarke2876
Sumter28512
Winston2773
Chilton2762
Blount2581
Monroe2442
Pickens2446
Marion24114
Randolph2289
Conecuh2187
Macon2029
Choctaw19912
Bibb1981
Greene1888
Perry1791
Henry1403
Crenshaw1253
Washington1217
Lawrence1130
Cherokee1117
Geneva860
Lamar801
Fayette721
Clay692
Coosa601
Cleburne391
Out of AL00

Tennessee Coronavirus Cases

Confirmed Cases: 55986

Reported Deaths: 685
CountyConfirmedDeaths
Shelby12549208
Davidson12234132
Rutherford323437
Hamilton300736
Sumner172755
Williamson151515
Trousdale15035
Knox13929
Out of TN12307
Wilson106017
Putnam9267
Robertson87511
Bradley8744
Sevier8573
Unassigned8302
Lake6960
Tipton6625
Bledsoe6241
Montgomery6207
Bedford5898
Macon5114
Maury4063
Hamblen3974
Hardeman3744
Fayette3443
Madison3392
Loudon3021
Rhea2930
Blount2723
Dyer2703
McMinn25518
Cheatham2432
Dickson2310
Washington1970
Cumberland1934
Lawrence1926
Anderson1662
Lauderdale1643
Sullivan1592
Jefferson1481
Gibson1471
Monroe1416
Smith1362
Coffee1320
Greene1222
Hardin1197
Obion1172
Cocke1160
Haywood1082
Franklin1013
Marshall1011
Warren1000
Hickman950
Wayne900
Marion874
McNairy841
Lincoln780
Giles771
White773
Carter751
Roane710
DeKalb700
Overton671
Weakley671
Hawkins662
Grundy652
Campbell621
Claiborne590
Henderson560
Unicoi560
Carroll491
Chester480
Grainger480
Polk480
Henry470
Crockett443
Johnson440
Sequatchie420
Cannon410
Humphreys352
Perry350
Meigs340
Jackson330
Morgan291
Fentress250
Stewart250
Decatur240
Scott210
Union190
Clay180
Moore170
Houston160
Benton131
Hancock90
Lewis70
Van Buren70
Pickett60

 

 

Community Events