U.S. candidate Bloomberg spent $200 million of own wealth on presidential bid in 2019

Bloomberg, a late entry to the Democratic competition to take on Republican President Donald Trump in November, has pledged not to take any donations and finance his campaign by dipping into his estimated $60 billion fortune. While he trails Democratic front-runners Joe Biden and Bernie Sanders in public opinion polls, his level of support is rising as he spends heavily on a national election campaign. Bloomberg is not competing in the first four states in the nominating contest, including Iowa, which holds caucuses on Monday.