Bloomberg has reportedly spent 8 billion on Democratic politics and philanthropy over the years
Get the Full StoryREUTERS Brian SnyderMichael Bloomberg has spent massive portions of his approximately 55 billion net worth on influential groups surrounding the Democratic party, the Washington Post reports.
Some of the key beneficiaries of the millions the 2020 hopeful has spent through his lifetime are the same groups that are heavily involved in deciding the Democratic presidential nominee.
Bloomberg reportedly hasn't been shy about referring to his vast financial resources in pushing for voter support, even shrugging off comparisons to President Donald Trump, a fellow New York business magnate whose net worth is valued at a fraction of Bloomberg's.
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Michael Bloomberg has reportedly dropped more than 8 billion total on philanthropy throughout his life, and hundreds of millions more on key influence points around the Democratic Party.
The Washington Post reports that the billionaire and former New York City mayor has spent massive chunks of his approximately 55 billion net worth on groups that shape Democratic politics, even long before he entered the race for president and gave more than 600,000 to the party in recent weeks. See the rest of the story at Business InsiderNOW WATCH: A law professor weighs in on how Trump could beat impeachmentSee Also:The Michael Bloomberg campaign dance video mocking Pete Buttigieg was created by a comedy sketch groupThe Bernie Bro is over. Introducing the Yang Bro, the Bloomberg Bro, and the Gabbard Bro.Joe Biden is underwater with voters earning less than 75,000 a year, who overwhelmingly prefer Bernie SandersSEE ALSO: If Mike Bloomberg wants to move on from 'stop and frisk,' he should put his money where his mouth is
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