Bloomberg to Spend $500 Million to Defeat Trump in 2020
Michael Bloomberg speaks at the International Monetary Fund/World Bank meeting in Washington, D.C., April 19, 2018. (Yuri Gripas/Reuters)
Michael Bloomberg has allocated $500 million to deny President Trump a second term in 2020, either by running himself or by providing funding and data to the eventual Democratic nominee, according to Politico.
Should Bloomberg decide to run — a decision he plans to make in the coming weeks — he believes the $500 million war chest would finance his campaign through the primaries, at which point he plans to invest more of his personal fortune should he win the nomination.
“Mike spent $100 million in his last New York City election. And you can do the math as you think more broadly but New York City is 3 percent of the national population,” Sheekey said. “I’m not suggesting it’s straight math. But I’m suggesting that when Mike Bloomberg is committed to making a difference and seeing something though, generally speaking he’s pretty unabashed in doing so.”
In the event that he chooses not to run, he intends to continue building out extensive voter profiles and collecting other data that he believes will prove essential to the Democratic nominee. To that end, Bloomberg has already developed a core staff that meets once-a-week to determine the viability of his own personal run.