KEY POINTS
  • The sheer amount of losses for Bloomberg in 2020 is a major blow, considering he's known as one of the leading kingmakers in the Democratic Party.
  • Beyond the presidential election, the outcome of Bloomberg's decisions in 2020 could have an impact on his involvement in the upcoming New York mayoral race.
Mike Bloomberg

Billionaire and former presidential candidate Mike Bloomberg's more than $100 million investment into three key states fell flat as President Donald Trump appears to have captured all of them.

In the months after Bloomberg dropping out of the Democratic primary, the New York business leader huddled with advisors to plot a spending blitz to help Democratic nominee Joe Biden overtake Trump. It was initially decided that most of a $100 million spend would go toward the pivotal state of Florida. Later he would add Ohio and Texas into the mix.