Billionaire Michael Bloomberg’s recent decision to enter the Democratic presidential primary highlights America’s rich and nonpartisan history of wealthy men trying to self-finance their way to the White House.
The 77-year-old former New York mayor has already invested $37 million for just over one week of television advertising and promised to put more than $120 million into anti-President Trump digital ads and voter-registration drives. His spending spree positions him to break presidential self-funding records.
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