Ending campaign, Bloomberg says defeating Trump his priority
NEW YORK — In just over 100 days, Mike Bloomberg spent over $500 million of his own fortune in a quixotic bid for the presidency that collapsed in stunning fashion on Super Tuesday, when he won just one U.S. territory, American Samoa.
By Wednesday morning, he quit the race and endorsed former Vice-President Joe Biden, saying his continued presence in the rapidly shrinking field would make it harder for the party to defeat President Donald Trump in November, his ultimate priority. The businessman, worth an estimated $61 billion, pledged to keep spending to defeat Trump.
“I entered the race for president to defeat Donald Trump, and today, I am leaving the race for the same reason: to defeat Donald Trump,” he said at a rally of staff and supporters at a Manhattan hotel.
In a rare show of emotion, the stoic mayor became tearful when closing his speech, saying he was “amazed at how many people have stood with me shoulder to shoulder.”