Former New York City Mayor Michael Bloomberg and businessman Tom Steyer spent a combined $340 mil…

Former New York City Mayor Michael BloombergMichael Rubens BloombergHouse Majority Whip: DNC shouldn’t change rules for BloombergIs Hillary Clinton angling to become vice president? Bloomberg, Steyer spend combined 0 million in fourth quarterMORE and businessman Tom SteyerTom Fahr Steyer2020 Dems celebrate Black History Month Bloomberg, Steyer spend combined 0 million in fourth quarterTop 2020 Democrats step up spending sharply in Q4MORE spent a combined $340 million in the last quarter of 2019, far outpacing the amount spent by their rivals in the Democratic presidential race.
The two billionaire candidates competing in the crowded Democratic primary also gave their campaigns a combined $355 million in the same period, according to Federal Election Commission data released on Friday.
Bloomberg, who is entirely self-funding his campaign, spent more than $188 million in the fourth quarter and ended the period with $12 million in cash on hand. Steyer spent around $153 million in the last quarter of the year and ended it with $5.4 million in cash on hand.
The figures show that Bloomberg and Steyer each spent more in the final three months of 2019 than four of the top Democratic contenders combined.
Sen. Bernie SandersBernie Sanders2020 Dems celebrate Black History Month Critical Iowa poll scrapped over apparent coding errorMichael Moore: Clinton comments about Sanders ‘divisive,’ ‘cruel’ and ‘a lie’MORE (I-Vt.) spent a little more than $50 million in the fourth quarter, while former South Bend, Ind. Mayor Pete ButtigiegPeter (Pete) Paul Buttigieg2020 Dems celebrate Black History Month Critical Iowa poll scrapped over apparent coding errorIowa voters play pundit with decision time at handMORE spent $34 million and Sen. Elizabeth WarrenElizabeth Ann Warren2020 Dems celebrate Black History Month Critical Iowa poll scrapped over apparent coding errorPelosi says it was ‘sad’ to see McConnell ‘humiliate’ Chief Justice Roberts while presiding over witness voteMORE (D-Mass.) spent $33.7 million. Former Vice President Joe BidenJoe Biden2020 Dems celebrate Black History Month Critical Iowa poll scrapped over apparent coding errorMichael Moore: Clinton comments about Sanders ‘divisive,’ ‘cruel’ and ‘a lie’MORE spent more than $23.3 million during that period. 
The spending totals appear to have benefited Bloomberg and Steyer in recent polls, with Bloomberg especially seeing a bounce in national surveys.
A Morning Consult survey released on Tuesday showed Bloomberg, who entered the race in November, hitting 12 percent support, putting him ahead of Buttigieg and Sen. Amy KlobucharAmy Jean Klobuchar2020 Dems celebrate Black History Month Iowa voters play pundit with decision time at handSunday shows preview: Lawmakers prepare for final vote on impeachment; 2020 Democrats make final push before Iowa causesMORE (D-Minn.).
Bloomberg is not competing in the early primary and caucus states and has instead focused his resources on massive ad buys in the Super Tuesday states. 
He spent roughly $132 million on TV advertisements in addition to $8.19 million on digital ads. 
Steyer has also worked to inundate the airwaves with advertisements in addition to making the Democratic debate stage.
A Morning Consult poll of the four early primary and caucus states showed Steyer at 15 percent earlier this month.