The press has estimated he spent $25 million to $30 million, or about $350,000 to $420,000 per delegate. Forbes follows in the footsteps of Texas billionaire Ross Perot, who also ran an unsuccessful presidential campaign against the political establishment.īecause he funded his own campaign, Forbes was not limited in how much he could spend. ''His candidacy shows outsiders continue to operate with a limit on how far they can go,'' says Andrew Busch, a professor of political science at the University of Denver. Bob Dole for the nomination.īut his flat-tax idea has become a household word in America, and, with his name well-established, the publishing magnate could be back to run for governor or another post in the future.
Forbes was never able to break through and seriously challenge Sen.
His withdrawal from the race Thursday underscores both the benefits and limitations of self-financed outsider candidacies.Īs a maverick outside the party establishment, Mr. REPUBLICAN presidential candidate Steve Forbes always said you can't buy the presidency.
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