Former New York City Mayor Michael Bloomberg Michael BloombergBloomberg rolls out M ad buy to boost Biden in Florida Democratic groups using Bloomberg money to launch M in Spanish language ads in Florida Bloomberg pays fines for 32,000 felons in Florida so they can vote MORE has reportedly spent about $120 million in digital and television ads since joining the presidential race last month.

The billionaire candidate is targeting large Super Tuesday states such as California and Texas, spending more than $13 million in each of those states, Politico reported Wednesday. Bloomberg has also spent that much in Florida, which votes a week after Super Tuesday, according to the news outlet.

Before he entered the race in late November, an aide to Bloomberg said the philanthropist would be willing to spend "whatever it takes" to beat President Trump Donald John TrumpBiden says voters should choose who nominates Supreme Court justice Trump, Biden will not shake hands at first debate due to COVID-19 Pelosi: Trump Supreme Court pick 'threatens' Affordable Care Act MORE.

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Politico reported that Bloomberg has already outspent all of his competitors. Billionaire Tom Steyer Tom SteyerTV ads favored Biden 2-1 in past month Inslee calls Biden climate plan 'perfect for the moment' OVERNIGHT ENERGY: Trump administration finalizes plan to open up Alaska wildlife refuge to drilling | California finalizes fuel efficiency deal with five automakers, undercutting Trump | Democrats use vulnerable GOP senators to get rare win on environment MORE has reportedly spent $83 million in ad buys, the second most, followed by South Bend, Ind., Mayor Pete Buttigieg Pete ButtigiegBillionaire who donated to Trump in 2016 donates to Biden The Hill's Morning Report - Sponsored by Facebook - GOP closes ranks to fill SCOTUS vacancy by November Buttigieg stands in as Pence for Harris's debate practice MORE, who has reportedly spent $19 million.

Steyer, unlike Bloomberg, has focused on the early voting states of Iowa, New Hampshire, South Carolina and Nevada, according to Politico.

The candidates are part of a crowded field that is vying for the 2020 Democratic nomination. Bloomberg is polling at about 5 percent nationally and Steyer is polling at about 1.5 percent, according to aggregation site RealClearPolitics.