Former New York City Mayor and billionaire businessman Mike Bloomberg announced the end of his 2020 presidential campaign on Wednesday after failing to muster even a handful of delegates in the Super Tuesday race, despite spending an astonishing $600 million of his own fortune.
According to Axios, Bloomberg will throw his support behind former Vice President Joe Biden, who stunned the country on Super Tuesday with a string of at least 9 wins, one of them the coveted, second-largest delegate treasure trove of Texas.
Bloomberg issued a statement on the surprising update:
“I’ve always believed that defeating Donald Trump starts with uniting behind the candidate with the best shot to do it. After yesterday’s vote, it is clear that candidate is my friend and a great American, Joe Biden,” he said on Wednesday.
Doubling down on his support for Biden, who will likely now garner the vast majority of moderate Democratic votes and support around the country, Bloomberg made clear that Biden is the right person for the job.
“I’ve known Joe for a very long time. I know his decency, his honesty, and his commitment to the issues that are so important to our country – including gun safety, health care, climate change, and good jobs,” Bloomberg said.
The former NYC mayor also warned President Donald Trump in a tweet:
— Mike Bloomberg (@MikeBloomberg) March 4, 2020
Bloomberg’s gamble on joining the race significantly later than all other candidates and attempting to use his own fortune to play catch-up only worked temporarily in a number of polls. Super Tuesday was the first time Bloomberg was on any ballots. He only managed to win American Samoa.