Michael Bloomberg: the magnate shaking up the 2020 election

Money on top of his success as New York’s mayor make a formidable candidate despite a late start
© Joe Cummings

Days before the 2001 election, polls showed Michael Bloomberg trailing a seasoned opponent by double-digits. Dismissed as a billionaire trying to buy his way into office, the first-time candidate’s style was charitably described as “low-key” — and less charitably as detached or “dry as toast”. Yet he prevailed to become New York City’s mayor. “Nobody believed we would do this tonight, but we had faith,” he said as supporters basked in victory.