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Billionaires spend big on the 2020 presidential election—Here's how effective it was

Michael Bloomberg spent more than $115 million on Biden ads in Florida, Texas and Ohio — and Biden lost all three. On the GOP side, casino magnate Sheldon Adelson spent $180 million of his own cash to support Trump, and Republicans in the House and Senate — also with mixed success. With the 2020 election races set to go down as the most expensive in history, totaling more than $14 billion in spending, was all that billionaire spending a waste? CNBC's Robert Frank reports.
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Fri, Nov 6 20208:01 AM EST