Michael Bloomberg Buying at Least <br />$31 Million in TV Ads to Prepare <br />for 2020 Presidential Run President Barack Obama previously held the all-time weekly broadcast expenditure record of $24 million. According to Advertising Analytics, <br />the former N.Y.C. Mayor<br />has surpassed that number. The move comes as the <br />billionaire prepares to seek the <br />Democratic presidential nomination. The markets include Pennsylvania, Michigan and Florida. For Florida, the area of <br />West Palm Beach is where <br />the businessman has centered <br />his investment. That is near the location of Mar-a-Lago, President Trump's personal resort. Representatives of Bloomberg <br />say he may spend up to $100 million <br />on his potential campaign. The philanthropist has also said <br />he will spend $100 million on <br />digital anti-Trump ads. Bloomberg is said to have a fortune of around $55 billion.
