WASHINGTON _ Former New York City Mayor Mike Bloomberg has already dipped a toe into the 2020 Democratic contest. If the multibillionaire decides to jump all the way in the race, he could make a big splash in California's primary.
The main reason: money. Forbes estimates Bloomberg's net worth, earned from his eponymous financial media conglomerate, at more than $52 billion. And the one-time Republican turned anti-Trump activist reportedly sees a path to the Democratic nomination through Super Tuesday, focusing on delegate-rich states like California, where his personal wealth could make him a factor.
Bloomberg "doesn't have to worry about coming into Iowa, he doesn't have to worry about going to New Hampshire or Nevada or South Carolina," Democratic candidate Bernie Sanders predicted during a recent rally in Iowa. "He's just going to spend, I suspect, hundreds of millions of dollars in media in California because he's a billionaire," a tactic Sanders said reflected "the corruption" of America's current political system.
