What could he could have done with so much moolah? In just three months, Michael Bloomberg spent over $500 million of his own stash in a failed attempt to buy the Democratic nomination. Realizing he couldn’t make it, he then just quit, knowing that Bernie or Biden would be the Democratic nominee.
The former New York City mayor and hugely successful businessman still has $61 billion in his pocket. So, let’s contemplate how he could have spent half a billion of it more usefully. For example, with more than 80,000 homeless living on the streets of NYC, the money could have helped them get housing, food and training for jobs.