Former New York City Mayor Mike Bloomberg is suspending his presidential campaign after spending nearly $500 million for a disappointing Super Tuesday showing.
Bloomberg’s full statement released Wednesday indicates that he will be endorsing former Vice President Joe Biden, who he calls a “great American.”
Full Bloomberg statement dropping out and endorsing Biden pic.twitter.com/3a7oUNRC7A
— Shane Goldmacher (@ShaneGoldmacher) March 4, 2020
Axios first reported the news. The billionaire, despite spending hundreds of millions of dollars, only won the island of American Samoa on Tuesday.
Biden took a commanding lead in the race over the last week or so, winning South Carolina handily, and wrapping up the endorsements of former Democratic rivals, such as former South Bend, Indiana, Mayor Pete Buttigieg and Minnesota Sen. Amy Klobuchar.
Democratic presidential candidates former New York City mayor Mike Bloomberg (L) and former Vice President Joe Biden speak during a break during the Democratic presidential primary debate at Paris Las Vegas on February 19, 2020 in Las Vegas, Nevada. Photo by Mario Tama/Getty Images
On Tuesday, Biden won more states than Vermont Sen. Bernie Sanders and surged ahead of him in the projected delegate count.
Democratic Massachusetts Sen. Elizabeth Warren remains in the race. Warren harshly attacked Bloomberg for his alleged comments towards women during February’s Democratic debates.
All eyes are now on Sanders, as the Democratic primary looks more and more like a two-man race. (RELATED: Joe Biden Uses South Carolina Victory Lap To Take Veiled Swipes At Bernie Sanders)