Report: Bloomberg Now “Highest Spending Presidential Candidate” Ever

Report: Bloomberg Now “Highest Spending Presidential Candidate” Ever

Former New York City Mayor Mike Bloomberg is now the highest spending candidate for president in history after pledging to spend billions to beat President Trump.

Newsbusters reports that Advertising Analytics, a company which analyzes ad spending, tweeted yesterday that Bloomberg was the “highest spending presidential candidate of all time. According to our data, he has spent $338.7M on traditional media, surpassing @BarackObama‘s 2012 record of $338.3M.”

As the publication points out, Bloomberg personally invested $401 million into his presidential campaign in the first three months of his candidacy, spending $180 million in the first month.

“In addition,”writes Newsbusters, “the billionaire owner of Bloomberg News is currently the second-highest contributor to outside spending groups. Bloomberg contributed $15,059,000, all of which went to liberals.”

NBC reported last week that Bloomberg spent over $1 million a day on Facebook ads in a two week span–five times more than the Trump campaign spent in the same period and three times more than what Trump spent during the 2016 campaign.

Last month, Fox News reported that Bloomberg was prepared to spend as much as $2 billion on his own campaign or to help the eventual Democratic nominee defeat President Trump in the 2020 election:

The $2 billion spending number — which hasn’t been reported – comes amid various press accounts that have focused on just how much Bloomberg is spending and will spend to either snare the nomination and become president or help a fellow Democrat win in November. Last week, The New York Times reported that Bloomberg has said he could spend $1 billion, though the piece suggested that Bloomberg hasn’t ruled out spending even more.

Bloomberg, a fiscal conservative and a liberal on many social issues, is said to have personally loathed Trump for years. But that animus grew as Trump entered presidential politics on a platform that embraced nationalism and called for cutbacks on immigration. In 2016 he endorsed Hillary Clinton’s unsuccessful campaign for president and mocked then candidate Trump during his convention speech stating: “I’m a New Yorker, and I know a con when I see one.”

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