Michael Bloomberg preparing to spend $500 million to take down Donald Trump in 2020: Report

February 13, 2019 GMT

Former New York City Mayor Michael Bloomberg is reportedly gearing up to spend $500 million of his own money to derail President Trump’s re-election bid.

Two Democratic operatives knowledgeable of the plans told Politico the money would either go towards Mr. Bloomberg’s own presidential bid should he decide to run or fuel the campaign of whoever becomes the Democratic nominee.

“That’ll get us through the first few months,” Kevin Sheekey, a top Bloomberg adviser, told Politico.

“Mike spent $100 million in his last New York City election,” Mr. Sheekey said. “And you can do the math as you think more broadly but New York City is 3 percent of the national population. I’m not suggesting it’s straight math. But I’m suggesting that when Mike Bloomberg is committed to making a difference and seeing something though, generally speaking he’s pretty unabashed in doing so.”

In a recent interview with The Associated Press, Mr. Bloomberg said he would come to a decision by the end of February.