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Mike Bloomberg pumped nearly $1B into failed presidential bid

Mike Bloomberg pumped nearly $1 billion into his failed presidential bid — almost double what was previously reported, according to a new Federal Election ­Commis­sion filing.

The total cost of the Big Apple billionaire’s short-lived and self-funded 102-day campaign was $935,360,675.56 — or nearly $10 million a day, the filing made public on Friday shows.

The former three-term New York City mayor, who is also the founder of financial media company Bloomberg LP, is one of the richest men in the world with an estimated worth of $65 billion.

But despite such a huge war chest, the former Republican and staunch gun-control advocate was forced to throw in the towel on his White House bid after an abysmal showing on ­Super Tuesday.

The news of Bloomberg’s billion-dollar investment — previous estimates put his mammoth ad buys and staffing expenditures at over $500 million — came on the same day he said he would transfer $18 million to the Democratic National Committee to help Democrats win up and down the ballot in November, specifically targeting President Trump.





Bloomberg 2020 will also transfer several former field offices to state parties and help speed the hiring pace for top positions in organizing, data, and operations across battleground states, the campaign said in a statement.

The media mogul would have been unable to give such a large sum of money to the DNC as a regular donor, but presidential candidates are able to transfer unlimited amounts of campaign cash to their national committee.

His campaign ripped Trump in a memo to DNC Chairman Tom Perez, and specifically referred to the president’s handling of the coronavirus pandemic.

“There is no greater threat to our Democracy than the current occupant in the White House, and Mike launched his campaign with the fundamental goal of defeating him and energizing Democratic victories up and down the ballot,” the campaign wrote in a harbinger of how Bloomberg’s cash will be spent in the general election.





“The existential threat posed by Trump has become abundantly clear in his complete mismanagement of the coronavirus crisis — a crisis that has profound implications for our economy, our public health and our way of life,” it said.

The current Democratic presidential contest remains a two-way race between former Vice President Joe Biden, who is now the presumptive nominee, and Vermont Sen. Bernie Sanders.

Even though Sanders has no clear path to the nomination — with Biden holding more than 1,100 delegates and well on his way to the 1,991 needed to clinch — the self-described socialist from Vermont has resisted repeated calls to exit the race amid the coronavirus pandemic.





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