Despite spending a reported £500m to promote his White House run, Bloomberg endured a disappointing set of results on a key night of voting in the Democratic primaries on Tuesday
Mike Bloomberg has ended his presidential campaign after falling well short of Democratic front-runners Joe Biden and Bernie Sanders on Super Tuesday.
The billionaire was a late addition to the crowded field of contenders aiming to take on Donald Trump in November and hoped his enormous wealth would help him make up ground on his more experienced rivals. But despite spending a reported £500m to promote his White House run, Mr Bloomberg endured a disappointing set of results on a key night of voting"Three months ago, I entered the race for president to defeat Donald Trump," the 78-year-old announced.
"Today, I am leaving the race for the same reason: to defeat Donald Trump - because it is clear to me that staying in would make achieving that goal more difficult."Bloomberg, a former mayor of New York, has previously promised to put his considerable financial muscle behind whoever becomes the Democrat nominee ahead of the November general election.
He has said he will now endorse Mr Biden, who restored his status as favourite on Tuesday after Mr Sanders had taken an early lead in the first handful of states to vote last month.Bloomberg said in a statement:"I've always believed that defeating Donald Trump starts with uniting behind the candidate with the best shot to do it.Image:
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mike Bloomberg quits 2020 race after spending more than $500mBillionaire candidate faced controversy over his wealth, stop-and-frisk policy and past remarks against women and minorities
Read more »
Super Tuesday and the arrival of the billionaire Mike Bloomberg – podcastGuardian US political correspondent Lauren Gambino looks at which Democratic candidates are likely to dominate on Super Tuesday
Read more »
Does ex-mayor Mike Bloomberg have the backing of Brooklyn?The people of Brooklyn have a lot of time for most of the Democratic candidates... but there’s one they definitely do not commend: billionaire Mike Bloomberg. So Holly Baxter was surprised when she stumbled across a street full of Bloomberg posters
Read more »
Mike Bloomberg 'didn't realise' Elizabeth Warren is still in Democratic raceMr Bloomberg and Ms Warren have had a bitter rivalry since the former New York City mayor entered the race
Read more »
Mike Bloomberg's $500 million bet on Super TuesdayMike Bloomberg's entire campaign is hinged on a major Super Tuesday success
Read more »
Student in coronavirus quarantine after classmates shook hands with Mike PenceMr Pence met with senior cadets from Sarasota Military Academy on Friday, shaking hands with them and posing for photographs
Read more »