Mike Bloomberg, the billionaire former mayor of New York who had hoped to self-fund his way to the Democratic presidential nomination but was spurned by voters in Tuesday’s balloting, has dropped out of the race.
Bloomberg endorsed Joe Biden, saying the former vice president had the best chance to win in November.
“I’ve always believed that defeating Donald Trump starts with uniting behind the candidate with the best shot to do it. After yesterday’s vote, it is clear that candidate is my friend and a great American, Joe Biden,” Bloomberg said in a statement.
Bloomberg, a media tycoon worth an estimated $60 billion, entered the race in November and quickly spent hundreds of millions of dollars of his own money to flood social media, television and radio with ads that boasted “Mike Will Get It Done.” In a still-crowded field, Bloomberg projected an image through the airwaves as a moderate candidate with the governing experience, bravado and financial resources to take on President Trump.
Washington Post