Former New York Mayor Michael Bloomberg, an increasingly likely 2020 presidential candidate, plans to launch a USD 31 million television advertising
campaign on Monday, in a move deemed anti-democratic by Bernie Sanders.
The billionaire has purchased a total of USD 31 million in advertising
inserts, according to the ad tracking firm Advertising
Analytics, the largest sum ever spent by a US presidential candidate.
The amount -- an increase on the record USD 25 million spent by Barack Obama at the end of his 2012 campaign -- reflects the financial clout of the 77-year-old former mayor, one of the richest men in the world. But the vast spend has raised concerns among the 17 or so Democrats who are already competing to challenge Donald Trump in the November 2020 White House
Senator Bernie Sanders
attacked the decision on Friday, tweeting he was "disgusted by the idea that Michael Bloomberg
or any billionaire thinks they can circumvent the political process and spend tens of millions of dollars to buy elections". "If you can't build grassroots support for your candidacy, you have no business running for president," he wrote.