Bloomberg could have given each American $1million and still have millions left with him from the $500m spent on ads during his contention for the Democratic presidential candidacy.

Bloomberg will need $327 trillion to distribute $1 million to each American as $500 million can only be distributed among 500 people.

The financial summary published by the Federal Election Commission(FEC) states that Michael Bloomberg spent around $500 million on political advertisements. It’s also true that the United States has a population of approximately 327 million people.

However, if Bloomberg divides the money that he spent on political ads of around $500 million equally among 327 million people, each American would only get around $1.50. According to simple maths, for every American to receive $1 million, he would need a wealth of $327 trillion.

Reference links

Federal Election Commission

supports

U S Department of Commerce

supports

Have a question or correction on one of our fact-checks?

If you think a claim has been misjudged or requires correction, please send us evidence to support your error claim. We will revisit our evidence and verdict and conduct additional research to verify new information.

Fact Check of the Day

false

The BBC censored the crowd booing Boris Johnson at the Queen’s Platinum Jubilee celebrations.