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Michael Bloomberg officially announced his late-entry Democratic presidential bid on Sunday, unveiling a campaign that the former New York mayor said will be squarely aimed at defeating President Donald Trump.
Media outlets on both sides of the aisle homed in on the build-up surrounding Bloomberg’s entry AllSides writes, which comes just days after he filed paperwork with the FEC and announced that he’d spend $33 million on national and local television ads through December 3.
Even before the announcement was made, Democratic rivals such as Bernie Sanders and Elizabeth Warren pounced on Bloomberg’s plans to rely on his personal fortune tweeting, if “you can’t build grassroots support for your candidacy, you have no business running for president.”
Bloomberg, who with a fortune of more than $53 billion is one of the richest people in the world, said he would not accept any donations to his campaign – and one can see why Statista notes. The entire 2020 field has so far only managed to collect around $600 million, an amount that might seem like petty cash to the former mayor of New York City.