Bloomberg had spent $300 million on his campaign by the end of January 2020, and by February 2020, he had spent more over $500 million. This resulted in total presidential primary expenditure on behalf of all candidates exceeding $1 billion by February, an unprecedented sum for such an early stage in a US presidential race.
In addition to the above-mentioned expenses, Bloomberg also funded his own independent campaign committee which was responsible for hiring staff, planning strategy, and raising money. The size of this committee was not disclosed by Bloomberg but it has been estimated that it included hundreds of people.
His last financial disclosure report before suspending his campaign was filed with the Federal Election Commission (FEC) on April 15, 2020. It showed that he had raised $25.8 million and spent $24.5 million during the last quarter of 2019.
This is more than any other candidate in the race except Joe Biden who entered the race later. However, unlike most others in the race, Bloomberg didn't receive federal funding nor did he require it to meet the requirements for participation in the Democratic Party's primary process.
As a result, his campaign spent millions on advertising campaigns in key states, many of which were dropped after failing to deliver votes against Hillary Clinton in 2016 and 2020 candidate Bernie Sanders.
Bloomberg's last day of voting in the Iowa caucus was February 3, 2020.
The information on this page was last updated on August 27, 2019. Politicians vying for President of the United States and the 435 seats in Congress spent at least $2 billion on their campaigns in the 2016 election, and more than $1.4 trillion on the 2018 midterm elections.
Spending by candidates and parties in federal elections is public information provided by the Federal Election Commission (FEC). The FEC collects information on individual donations as well as expenditures by candidate committees and party organizations. It does not collect data on independent expenditures (those made independently of specific candidates), but some states may provide additional details on these types of expenditures. State laws may also require certain types of donations to be reported, such as limits on contributions from single individuals or corporations.
These are the total amounts that candidates and parties have spent on their campaigns since the beginning of 1997. The totals include funds raised and spent by all candidates running for a given office and includes primary and general elections. They do not include funds received from outside sources or personal income earned by candidates.
Funds must be spent on activities that are closely related to a campaign. This could include advertising, polling, get-out-the-vote efforts (such as bus tours), or other types of communications or activities intended to influence an election. Spent funds cannot be used for unrelated activities after the election has been decided.
In 2019, presidential candidate Michael Bloomberg contributed $3.3 billion to charitable charities, the most of any American. (Image courtesy of Andrew Burton/Getty Images) Michael Bloomberg has stated that he enjoys splurging on charity gifts, and he definitely did so last year, donating $3.3 billion to nonprofit organisations. The majority of this sum ($2.5 billion) went to doctors without borders, which focuses on global health care programs. The other big donors were World Food Programme (WFP) with $250 million, Red Cross with $100 million, and UNICEF with $90 million.
About half of this amount ($1.65 billion) came from his own pocket. The rest of it was donated by Bloomberg Investments, his company.
In addition to being a generous person, Mike Bloomberg is also a serious candidate who wants to make sure that everyone has a chance of getting elected. Thus, he spends a lot of money on campaign donations, which is why almost every major charity in America supports him. For example, the National Rifle Association (NRA) gave him $500,000 last year. This is more than they gave to any other candidate in history. However, even though the NRA loves him, Bloomberg doesn't support gun control. He believes that the best way to keep children safe is to not let anyone have guns.
Another famous donor is Walmart, which gave $300,000 to politicians last year.