Michael Bloomberg, the billionaire former mayor of New York City, spent nearly a billion dollars on his long-shot presidential bid, according to his campaign’s final financial disclosure report released Friday.
Bloomberg spent $936,225,041.67 on the campaign, which lasted roughly three months. More than half of that total was spent in the month of February — roughly $470 million. He had more than $60 million cash on hand at the end of February, NBC News reports.
Bloomberg jumped into the 2020 presidential race late and used his personal wealth to bankroll an unconventional campaign, which included lush salaries to an army of campaign staffers and organizers and blitzing the airwaves and the Internet with political advertisements.
Read the full story at NBCNews.com.