He’s spent a fortune of his own wealth on his failed political career.
And now he’s shelling out more of his money to Joe Biden in hopes he can defeat President Donald Trump.
That right, folks…
Notorious anti-Trump billionaire Michael Bloomberg is BACK!
Bloomberg, who spent $1 billion of his own money on his failed 2020 presidential campaign, is now pumping in $100 million to help the Biden campaign.
But, there’s a catch!
You see, the money from Bloomberg is ONLY for Biden to use to try and win the critical battleground state of Florida… this according to a report from Newsmax.
According to the report, Bloomberg’s decision to financially support Biden comes at a critical moment in the final 51 days of the race, with polls showing a close race in the battleground state and no financial advantage for the sitting president.
"Mike Bloomberg is committed to helping defeat Trump, and that is going to happen in the battleground states," said Bloomberg adviser Kevin Sheekey, who added that the spending "will mean Democrats and the Biden campaign can invest even more heavily in other key states like Pennsylvania, which will be critical to a Biden victory."
Even before Bloomberg's spending, both campaigns were expecting Florida to be the most expensive state in which to campaign. It will be the biggest prize among competitive states on Election Day, offering 29 of the 270 Electoral College votes needed to win.
Trump won the state by 113,000 votes in his victorious 2016 election, or 1.2 percentage points. He has since adopted the state as his residence and visits regularly.
President Trump responded to the move by saying…
"I thought Mini Mike was through with Democrat politics," Trump said on Twitter on Sunday. "Save NYC instead."
It should be noted that just a few months ago, the Trump campaign was way ahead financially compared to the Biden campaign.
According to the report, Trump's re-election campaign and the Republican National Committee on Wednesday said they raised a combined $210 million in August, falling far short of Biden's record-breaking haul of $364.5 million for the month that included both party's televised conventions.
The strong fundraising may have allowed Biden to completely erase a long deficit in fundraising against Trump. Before the August fundraising tally, the Trump campaign reported having $300 million in cash on hand, compared with Biden's $294 million.
Trump told reporters last week he would spend his own money if needed.
Democrats are desperate to take Florida, and they are counting on Michael Bloomberg’s fortune to prevent Trump from being re-elected for a second term.