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Michael Bloomberg’s expensive 2020 gamble

Former NYC Mayor Michael Bloomberg has officially entered the 2020 presidential race, further saturating the Democratic field. As the 8th wealthiest American, Bloomberg’s candidacy could answer the question, how important is money in a campaign? #CNN #News #Cillizza

SOURCES AND FURTHER READING:
The Forbes 400: The Definitive Ranking Of The Wealthiest Americans
https://www.forbes.com/forbes-400/#279679207e2f.

Bloomberg Spent $102 Million to Win 3rd Term
https://www.nytimes.com/2009/11/28/nyregion/28spending.html.

Bloomberg’s huge donation helps his gun safety group raise record revenue in 2018
https://www.cnbc.com/2019/11/26/bloomberg-vs-nra-huge-donation-lifts-gun-safety-groups-revenue.html.

Mike Bloomberg becomes a $57 million ad-buying machine after first week of his 2020 campaign
https://www.cnbc.com/2019/12/03/mike-bloomberg-spends-over-57-million-on-tv-ads-could-surpass-steyer.html.

Bloomberg places at least $37 million in television advertising over next two weeks
https://www.cnn.com/2019/11/22/politics/bloomberg-29-million-advertising/index.html.

About me:
I was named “best dressed” in 7th grade. That, along with being CNN’s editor at large and author of the daily “Point” newsletter are my proudest achievements. Look for me here every Tuesday and Thursday to find out what’s really going down in politics.

CREDITS
Writer: Chris Cillizza
The Point team: Leigh Munsil and Allison Gordon
Editor: Steven Sevilla
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