Michael Bloomberg Poured Over $1 Billion Into His Presidential Campaign

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Michael Bloomberg Poured Over $1 Billion Into His Presidential Campaign
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Michael Bloomberg poured over $1 billion into his presidential campaign by mtindera07

While Bloomberg considered forming his own entity to support the eventual Democratic nominee, instead he announced plans to transfer $18 million from his campaign to the Democratic National Committee to “help Democrats win up and down the ballot in November,” according to a statement from his campaign. Now, he’s being sued by former campaign staffers who allege they were promised jobs, pay and benefits through November.

As a candidate for mayor in New York City, Bloomberg spent more than $265 million over the course of three elections, or roughly a quarterSince dropping out of the presidential race, the organization that manages Bloomberg’s charitable giving, Bloomberg Philanthropies, has dedicated more than $50 million to support coronavirus pandemic relief around the world.

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