Bloomberg has already spent $120 million on ads in presidential race

Bloomberg has already spent $120 million on ads in presidential race
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Former New York City Mayor Michael BloombergMichael BloombergBudget impasses mark a critical turning point in Biden's presidency Democrats face bleak outlook in Florida Without drastic changes, Democrats are on track to lose big in 2022 MORE has reportedly spent about $120 million in digital and television ads since joining the presidential race last month. 

The billionaire candidate is targeting large Super Tuesday states such as California and Texas, spending more than $13 million in each of those states, Politico reported Wednesday. Bloomberg has also spent that much in Florida, which votes a week after Super Tuesday, according to the news outlet. 

Before he entered the race in late November, an aide to Bloomberg said the philanthropist would be willing to spend "whatever it takes" to beat President TrumpDonald TrumpCheney says a lot of GOP lawmakers have privately encouraged her fight against Trump Republicans criticizing Afghan refugees face risks DeVos says 'principles have been overtaken by personalities' in GOP MORE

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Politico reported that Bloomberg has already outspent all of his competitors. Billionaire Tom SteyerTom SteyerOvernight Energy: 'Eye of fire,' Exxon lobbyist's comments fuel renewed attacks on oil industry | Celebrities push Biden to oppose controversial Minnesota pipeline | More than 75 companies ask Congress to pass clean electricity standard Celebrities push Biden to oppose controversial Minnesota pipeline Six things to watch as California heads for recall election MORE has reportedly spent $83 million in ad buys, the second most, followed by South Bend, Ind., Mayor Pete ButtigiegPete ButtigiegDOJ sues to block JetBlue-American Airlines partnership On The Money — Presented by Wells Fargo — Pelosi plows full speed ahead on jam-packed agenda Blumenthal calls on Buttigieg to investigate American Airlines-JetBlue partnership MORE, who has reportedly spent $19 million. 

Steyer, unlike Bloomberg, has focused on the early voting states of Iowa, New Hampshire, South Carolina and Nevada, according to Politico. 

The candidates are part of a crowded field that is vying for the 2020 Democratic nomination. Bloomberg is polling at about 5 percent nationally and Steyer is polling at about 1.5 percent, according to aggregation site RealClearPolitics.