Bloomberg vows not to take campaign donations, presidential salary

Bloomberg vows not to take campaign donations, presidential salary
© Getty Images

An adviser to Michael BloombergMichael BloombergFormer Clinton staffers invited to celebrate Sanders dropping out: report Sanders drops out of presidential race New York City auctioned off extra ventilators due to cost of maintenance: report MORE said the former New York City mayor won't accept political donations or a presidential salary.  

“He has never taken a political contribution in his life. He is not about to start,” Bloomberg chief adviser Howard Wolfson told The Associated Press. “He cannot be bought.”

Wolfson's comment comes as Bloomberg, a billionaire, appears poised to join the crowded 2020 Democratic presidential field. 

ADVERTISEMENT

While current candidates have expressed that the primary race does not need one of the world's richest people, Wolfson stressed that Bloomberg's money makes him independent. 

He told the AP that Bloomberg “is wholly independent of special interests, will not take a dime in any contribution, and never has in any of his three races.”

Wolfson added that Bloomberg is willing to spend "whatever it takes to defeat Donald TrumpDonald John TrumpSenators demand more details from Trump on intel watchdog firing Overnight Health Care: Trump steps up attack on WHO | Fauci says deaths could be lower than first projected | House panel warns federal stockpile of medical supplies depleted | Mnuchin, Schumer in talks over relief deal Trump says he'll look into small business loan program restricting casinos MORE.” 

Bloomberg would face an uphill battle if he runs for the Democratic nomination, since other candidates have been campaigning for months. Even though he has not officially announced his candidacy, he has purchased a $31.5 million ad blitz across several states. 

The former mayor is worth more than $54 billion according to Forbes.

ADVERTISEMENT

News of Bloomberg's possible 2020 bid sparked strong criticism from other candidates, especially those who are on the progressive end of the democratic spectrum. Sen. Bernie SandersBernie SandersTrump says Obama knows 'something that you don't know' about Biden The Hill's Campaign Report: Sanders exits, clearing Biden's path to nomination Former Clinton staffers invited to celebrate Sanders dropping out: report MORE's campaign manager said in a statement at the time that, "More billionaires seeking more political power surely isn't the change America needs." 

Sen. Elizabeth WarrenElizabeth WarrenOn The Money: Mnuchin, Schumer in talks to strike short-term relief deal | Small businesses struggling for loans | Treasury IG sends Dems report on handling of Trump tax returns Trump says Obama knows 'something that you don't know' about Biden Senators push for changes to small business aid MORE (D-Mass.) welcomed Bloomberg to the race by referring him to her "Calculator for Billionaires" to show how much he'd pay under her tax plan.