Michael Bloomberg, one of the world’s richest men and a candidate to take on President Donald Trump next year, has denied trying to buy the White House.
Mr Bloomberg’s rivals for the Democratic presidential nomination have accused him of doing exactly that.
The ex-New York City mayor entered the race in late November with one of the largest political ad buys ever.
Despite his late entry to the race, he is currently polling fifth on 4% out of 15 candidates.
Asked to respond to the claim he was trying to buy the election, Mr Bloomberg told CBS of his rivals: “I’m doing exactly the same thing they’re doing, except that I am using my own money.
“They’re using somebody else’s money and those other people expect something from them.
“Nobody gives you money if they don’t expect something. And I don’t want to be bought.”
Liberal Democratic White House front-runners have been criticising Mr Bloomberg, who used to be a Republican.
Senator Elizabeth Warren recently snapped up a TV ad spot on Mr Bloomberg’s own network – Bloomberg TV – accusing him of trying to buy the election to avoid paying higher taxes.