NEW YORK, NY - NOVEMBER 17: Michael Bloomberg speaks at the Christian Cultural Center on November 17, 2019 in the Brooklyn borough of New York City. Reports indicate Bloomberg, the former New York mayor, is considering entering the crowded Democratic presidential primary race. (Photo by Yana Paskova/Getty Images)
Billionaire Michael Bloomberg launches massive $37 million TV ad buy
07:35 - Source: CNN
Washington CNN  — 

Sen. Bernie Sanders on Sunday knocked Michael Bloomberg’s decision to enter the 2020 race for the Democratic presidential nomination, saying his new opponent is “not going to get very far in this election” and continuing his attacks on the former New York mayor’s billionaire status.

“We do not believe that billionaires have the right to buy elections, and that is why we are going to overturn Citizens United, that is why multi-billionaires like Mr. Bloomberg are not going to get very far in this election, that is why we are going to end voter suppression in America,” Sanders said during a town hall in New Hampshire following Bloomberg’s announcement.

Earlier Sunday, Bloomberg officially announced his late-entry Democratic presidential bid, unveiling a campaign that the former New York mayor said will be squarely aimed at defeating President Donald Trump. The billionaire, who made his fortune creating technology that bankers and traders use to access market data, has already placed at least $37 million worth of television advertising over the next two weeks, according to data from Kantar Media/CMAG.