<p>US media tycoon Michael Bloomberg quit the Democratic presidential race and endorsed frontrunner Joe Biden Wednesday after being snubbed by voters on Super Tuesday despite blowing more than half a billion dollars on his campaign.</p>.<p>"Three months ago, I entered the race for president to defeat Donald Trump. Today, I am leaving the race for the same reason: to defeat Donald Trump -- because it is clear to me that staying in would make achieving that goal more difficult," he said in a statement.</p>.<p>The billionaire former mayor of New York spent more than $500 million on his presidential run, much of it on a huge advertising campaign, but failed to win any of the 14 states on offer on Super Tuesday -- the most important day in the Democratic primary season.</p>.<p>"Mini Mike Bloomberg just 'quit' the race for President," Trump tweeted.</p>.<p>"I could have told him long ago that he didn't have what it takes, and he would have saved himself a billion dollars, the real cost. Now he will pour money into Sleepy Joe's campaign, hoping to save face. It won't work!"</p>.<p>The 78-year-old Bloomberg had bet his run on Super Tuesday after deciding to skip the first four voting states but all he picked up was a consolation victory in American Samoa, a tiny territory in the Pacific.</p>.<p>CBS estimated that the former mayor of New York, who entered the race in November pitching himself as the only candidate who could defeat Trump, spent around $18 million per delegate that he won.</p>.<p>His adverts were still running on major television networks after his announcement that he was dropping out and backing Biden, who emerged as the frontrunner with a string on huge victories Tuesday.</p>.<p>"Defeating Trump starts with uniting behind the candidate with the best shot to do it. It's clear that is my friend and a great American, @JoeBiden," Bloomberg said.</p>.<p>"I've known Joe for a very long time. I know his decency, his honesty, and his commitment to the issues that are so important to our country - including gun safety, health care, climate change, and good jobs," he added.</p>.<p>Bloomberg said he had been "immensely proud" of his campaign but it had become clear that staying in the race would make achieving the goal of defeating Trump more difficult.</p>.<p>Bloomberg, who was regularly attacked by Trump as "Mini Mike," during his short-lived campaign, touted his commitment to fighting climate change and gun control.</p>.<p>But he struggled to shake off controversy surrounding his "stop and frisk" policy when he was New York mayor which indiscriminately targeted minorities.</p>.<p>He also endured a widely criticized debate performance in Nevada two weeks ago.</p>
<p>US media tycoon Michael Bloomberg quit the Democratic presidential race and endorsed frontrunner Joe Biden Wednesday after being snubbed by voters on Super Tuesday despite blowing more than half a billion dollars on his campaign.</p>.<p>"Three months ago, I entered the race for president to defeat Donald Trump. Today, I am leaving the race for the same reason: to defeat Donald Trump -- because it is clear to me that staying in would make achieving that goal more difficult," he said in a statement.</p>.<p>The billionaire former mayor of New York spent more than $500 million on his presidential run, much of it on a huge advertising campaign, but failed to win any of the 14 states on offer on Super Tuesday -- the most important day in the Democratic primary season.</p>.<p>"Mini Mike Bloomberg just 'quit' the race for President," Trump tweeted.</p>.<p>"I could have told him long ago that he didn't have what it takes, and he would have saved himself a billion dollars, the real cost. Now he will pour money into Sleepy Joe's campaign, hoping to save face. It won't work!"</p>.<p>The 78-year-old Bloomberg had bet his run on Super Tuesday after deciding to skip the first four voting states but all he picked up was a consolation victory in American Samoa, a tiny territory in the Pacific.</p>.<p>CBS estimated that the former mayor of New York, who entered the race in November pitching himself as the only candidate who could defeat Trump, spent around $18 million per delegate that he won.</p>.<p>His adverts were still running on major television networks after his announcement that he was dropping out and backing Biden, who emerged as the frontrunner with a string on huge victories Tuesday.</p>.<p>"Defeating Trump starts with uniting behind the candidate with the best shot to do it. It's clear that is my friend and a great American, @JoeBiden," Bloomberg said.</p>.<p>"I've known Joe for a very long time. I know his decency, his honesty, and his commitment to the issues that are so important to our country - including gun safety, health care, climate change, and good jobs," he added.</p>.<p>Bloomberg said he had been "immensely proud" of his campaign but it had become clear that staying in the race would make achieving the goal of defeating Trump more difficult.</p>.<p>Bloomberg, who was regularly attacked by Trump as "Mini Mike," during his short-lived campaign, touted his commitment to fighting climate change and gun control.</p>.<p>But he struggled to shake off controversy surrounding his "stop and frisk" policy when he was New York mayor which indiscriminately targeted minorities.</p>.<p>He also endured a widely criticized debate performance in Nevada two weeks ago.</p>