Michael Bloomberg

Trump's campaign spends $6 million with Trump companies

Donald Trump is one of the wealthiest people to ever run for president, but his campaign appears to be flat broke. What's more, fundraising reports show he's used about $6 million in campaign money to pay his own companies and family members.

The billionaire businessman's financial woes were enough to inspire the mocking Twitter hashtag "TrumpSoPoor" on Tuesday and, far more seriously, give already reluctant donors a fresh batch of reasons to withhold their money.

Trump's campaign expenses are hardly inspiring confidence among people whose money he's pursuing. The spending includes a $423,000 May payment to Mar-a-Lago, the private club in Florida that serves as his...

64°