Former New York City Mayor Michael Bloomberg is spending money at breakneck speed as he seeks the Democratic presidential nomination.
The billionaire spent $220 million in January, the same dollar amount he spent from November, when Bloomberg announced his campaign, through December, according to a Federal Election Commission filing.
Bloomberg has, so far, spent well over $400 million on political ads, beating out fellow billionaire Tom Steyer by more than double the amount, and the next closest candidate, Vermont Sen. Bernie Sanders, by a factor of 10.
Bloomberg skipped the first voting contests in Iowa and New Hampshire but surged to third place in national polls for the Democratic presidential primary, according to a RealClearPolitics average.
In addition to ads, the Bloomberg campaign has spent lavishly on staff salaries and bountiful food spreads at campaign stops.
