Former Mayor Mike Bloomberg of New York City spent $18 million on television and radio ads just in Virginia, but he may not break the 15% threshold to win any statewide delegates.

Bloomberg came in a distant third in the commonwealth behind former Vice President Joe Biden, who dominated the state, and Sen. Bernie Sanders of Vermont.

Bloomberg has already spent over half a billion dollars on his presidential bid — including $250 million on Tuesday's races alone.

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The billionaire former Mayor Mike Bloomberg of New York City spent $18 million on television and radio ads just in Virginia — about 50 times what former Vice President Joe Biden spent in the state — but may not win a single statewide delegate.

Bloomberg is on pace to finish a distant third in the commonwealth behind Biden, who dominated the state, and Sen. Bernie Sanders of Vermont. But Biden and his supporters spent just about $360,000 advertising in Virginia, the Wall Street Journal reporter Julie Bykowicz pointed out.

Bloomberg, whose estimated worth is north of $60 billion, has already spent over half a billion dollars on his presidential bid — including a quarter of a billion on Tuesday's races alone.

Bloomberg officially entered the race November 24 — nearly 11 months after some of his competitors — in an effort to enter Biden's lane as the moderate frontrunner.

He positioned himself as a centrist alternative to Biden and has repeatedly warned that nominating the progressive Sanders would spell disaster for Democrats in the general election against President Donald Trump.

Bloomberg skipped the first four contests of the race, opting instead to pour his resources into Super Tuesday's 16 primaries and caucuses.

Biden went on to perform poorly in the first three voting contests, in Iowa, New Hampshire, and Nevada, but achieved a decisive victory in South Carolina over the weekend that prompted three other moderates to exit the race and gave him momentum entering Super Tuesday.