Michael Bloomberg has spent almost $1 billion on his failed presidential campaign

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Michael Bloomberg has spent almost $1 billion on his failed presidential campaign
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Billionaire Michael Bloomberg invested a staggering $935 million of his personal fortune through February into his short-lived bid for the Democratic presidential nomination — a campaign that saw him win just a single contest

In February alone, the media and business data tycoon donated nearly $471.6 million to his campaign, as he spent heavily on advertising ahead of Super Tuesday contests in early March, according a filing with the Federal Election Commission. Bloomberg suspended his campaign earlier this month.The campaign reported spending $875 million through the end of February.Bloomberg suspended his presidential bid on March 4, after winning only the US territory of American Samoa.

Bloomberg had considered launching his own independent effort to help Democrats and oppose Trump but would have faced restrictions on coordinating his activity with the party's eventual nominee.After Bloomberg's Super Tuesday losses, Trump criticized the former New York mayor on Twitter, writing that his"consultants took him for a ride ... $700 million washed down the drain.

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