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Democrats average net worth on debate stage more than $10B
Las Vegas debate a ‘disaster’ for Bloomberg: Herman Cain
The New Voice CEO and former presidential candidate Herman Cain discusses the outcome of the Democratic debate in Las Vegas, Michael Bloomberg’s performance and the likelihood of Bernie Sanders winning the nomination.
The Democratic presidential candidates debating Wednesday night had an average net worth of more than $10 billion, but one candidate was singlehandedly drawing that number way, way up.
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Mike Bloomberg, with a net worth of $65.2 billion was by far the wealthiest candidate in Wednesday’s debate. The billionaire’s fortune, which he’s using to self-fund his campaign, was also a target for criticism by the other candidates on stage.
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“We have a grotesque and immoral distribution of wealth and income,” Sen. Bernie Sanders said during the debate. “Mike Bloomberg owns more wealth than the bottom 125 million Americans. That’s wrong. That’s immoral.”
Bloomberg responded to questions about his wealth by saying he had “worked very hard for it and I’m giving it away.”