Mike Bloomberg sunk almost ONE BILLION into failed presidential bid records show as he lays off staff due to coronavirus
MIKE Bloomberg reportedly spent nearly one billion dollars of his own fortune into his failed presidential bid before laying off his staff due to the coronavirus pandemic.
The former New York City mayor spent an astonishing $935million during his three-month presidential campaign, according to a Federal Election Commission filing.
In the month of February alone, the billionaire spent around $470million.
But he still ended the month with more than $60million in the bank and $31million in debts,
Bloomberg two weeks ago.
On Friday, he announce he will transfer $18million from his campaign to the Democratic National Committee.
Despite Bloomberg's lavish spending habits and wealth, he still followed through with laying off hundreds of his staffers.
He backed Joe Biden following a humiliating performance on Super Tuesday that effectively ended his campaign.
The layoffs come as the coronavirus has spread to more than 19,200 Americans and killed at least 249 people in the US.
Former Bloomberg aids denounced the politician for his actions, which some felt were inconsiderate, in a Friday interview with
One of the Bloomberg aides, who wished to remain anonymous, told : “I am disgusted by Mike Bloomberg and his staff.
"He has left us with no health insurance during this pandemic.
"I have a family and do not know what we will do at the end of the month."
The aid continued: "If the DNC and Joe Biden choose to ignore us, they are complicit as well.
"How can the party claim to care about working Americans while taking money from a billionaire that does not fulfill his promises to his employees?”
Former aide, Amol Jethwani, Friday morning: "I guess it’s cheaper to give the DNC $18 million than keep promises because @MikeBloomberg just fired his whole campaign staff — including those of us promised jobs though November on his IE.
“Disappointed I don’t have a job. Not surprised that a billionaire is cheating scum.”
When Bloomberg dropped out of the race on March 4, he tweeted: "I'm immensely proud of the campaign.
"I'm deeply grated for all the Americans who voted for me, and to our dedicated staff and volunteers.
"I want you to stay engaged, active, and committed to our issues. I will be right there with you. And together we will get it done."
The billionaire previously pledged to keep his staff on until November to support the Biden.
After dropping out of the presidential race, Bloomberg hailed Biden as "honest and decent," saying he's the candidate with the "best shot" at defeating Trump.
The endorsement came after Biden "returned from the dead" to sweep nine victories in an incredible Super Tuesday comeback.
";I’ve always believed that defeating Donald Trump starts with uniting behind the candidate with the best shot to do it," he said.
"After yesterday’s vote, it is clear that candidate is my friend and a great American, Joe Biden."
Bloomberg previously said if he dropped out of the race, his campaign offices would remain open in key states until November in an effort to take down Trump.
The former NYC Mayor teared up when speaking at a press conference Wednesday afternoon - as he told his supporters: "There is no doubt in my mind we would've beaten Donald Trump in November."
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