Billionaire former New York Mayor Michael Bloomberg won't have to file a mandatory financial disclosure until after Iowa's first-in-the-nation presidential contest, under an extension granted by the Federal Election Commission this week. Presidential candidates are required to reveal their investments
WASHINGTON — Billionaire former New York Mayor Michael Bloomberg won't have to file a mandatory financial disclosure until after Iowa's first-in-the-nation presidential contest, under an extension granted by the Federal Election Commission this week.
Bloomberg, who has long considered a White House bid, sits atop a sprawling business empire and is worth more than $50 billion, easily making him the wealthiest candidate in the contest. “Mr. Bloomberg requires additional time to collect information regarding complex holdings and prepare and file his report,” attorney Lawrence H. Norton wrote in a letter to the FEC on Friday.
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