Michael Bloomberg presidential bid could cost $6.5 billion if he employs tactics from New York campaigns

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Michael Bloomberg presidential bid could cost $6.5 billion if he employs tactics from New York campaigns
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The billionaire media mogul has a huge pool of wealth to draw from in his campaign for the Democratic nomination—and he's willing to use a lot of it.

Bloomberg's campaign spending worked out to around $187 a vote, which is almost 19 times as much as Thompson's $10.88.

"Conversely, there are many examples of candidates who spent comparatively little money. Trump spent less than his rivals for the nomination in 2016, conditioning on the duration of their candidacies." She won the popular vote against President Donald Trump by nearly three million votes. But Clinton lost the election, which is, of course, decided by the electoral college system.Clinton also outspent Trump, whose campaign shelled out $343,056,732 in 2016, averaging at $5.44 a voter, emphasizing the point that elections are about much more than who has the biggest campaign war chest.

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