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Billionaire Bloomberg backs former rival Joe Biden with …

Michael Bloomberg

Photo: REUTERS

Billionaire Michael Bloomberg is planning to spend at least $ 100 million on the campaign of Democratic presidential candidate Joe Biden in the American swing state of Florida, according to The Washington Post. His advisers told the paper that the former New York City mayor made that decision after Donald Trump announced he wanted to put 100 million out of his own pocket in his re-election battle in Florida.

The Republican president is behind Biden in the polls, but is willing to do everything he can to close the gap, if necessary by drawing on his own capital. Trump raised a total of 210 million in August for his national campaign. That was significantly less than its Democratic rival, who amassed a record $ 364.5 million to present itself in the run-up to the Nov. 3 election last month.

Opinion researchers have noted in recent weeks that Trump is catching up with Biden in Florida. “Voting will begin in Florida on September 24, so the need to provide a real capital injection in this state is very strong,” Bloomberg adviser Kevin Sheekey said in the Post.

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