Two billionaire Democratic presidential hopefuls, Michael Bloomberg and Tom Steyer, collectively spent about $389 million last year on their campaigns, more than the rest of the remaining Democratic field combined, according to disclosures filed on Friday. Bloomberg launched his campaign in November and spent more than $188 million in two months, a sum sourced entirely from his personal wealth. Steyer, who was also considered a late addition to the field of candidates when he launched his campaign in July, spent $201 million in 2019 which largely came from $202.5 million of his own money he put into his campaign and about $3 million raised in donations.
