The former mayor of New York is the first billionaire to try to buy his way to being president – but he won’t be the last
Just how much does it cost to buy the US presidency? $800m? A billion? A couple of billion?
It looks as if Michael Bloomberg is trying to find out. Since entering the race in November, he has spent an unprecedented amount of money trying to win the Democratic nomination. In less than three months, Bloomberg, who is worth about $60bn (£46bn), has spent about $320m on TV advertising alone – more than double the amount Tom Steyer, the other billionaire running and the second-biggest spender, has shelled out on ads. Since January, Bloomberg has spent more on Facebook ads than Joe Biden, Bernie Sanders, Pete Buttigieg and Elizabeth Warren combined.
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Source: US Politics - theguardian.com
