Tehran 2 February _Two billionaire Democratic presidential hopefuls, Michael Bloomberg and Tom Steyer, collectively spent about $389 million last year on their campaigns, more than the rest of the remaining Democratic field combined, according to disclosures filed on Friday.
TEHRAN, Young Journalists Club(YJC)_Bloomberg launched his campaign in November and spent more than $188 million in two months, a sum sourced entirely from his personal wealth.
Steyer, who was also considered a late addition to the field of candidates when he launched his campaign in July, spent $201 million in 2019 which largely came from $202.5 million of his own money he put into his campaign and about $3 million raised in donations.
While the rest of the Democratic field is heading to the Iowa caucuses that will be held on Monday, spending on advertising and staff in the small state, Bloomberg is skipping the first four contests. Instead, he has turned his focus to the more than one dozen states that will vote on “Super Tuesday” on March 3rd.
The Iowa caucuses are the first contest in a series of state-by-state votes that are used to pick nominees. There are 11 Democrats vying to be their party’s pick to challenge Republican President Donald Trump in November 2020.
Bloomberg is hoping to overcome any momentum winners in Iowa, New Hampshire, South Carolina and Nevada might gain by blanketing the airwaves in Super Tuesday states with television ads touting his candidacy.
Bloomberg’s spending appears to be paying off, with his standing in national polls continue to climb. Steyer has done well enough to qualify for debates, but has struggled to exceed 2% in national polls
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