Multi-billionaire and former New York City Mayor, Michael Bloomberg has ended his presidential bid, according to his campaign.

In a statement on Wednesday, Bloomberg said staying in the race would make it more difficult for Democrats to defeat President Donald Trump.

“I’m a believer in using data to inform decisions. After yesterday’s results, the delegate math has become virtually impossible – and a viable path to the nomination no longer exists,” Bloomberg’s statement read. And he added:

“But I remain clear-eyed about my overriding objective: victory in November. Not for me, but for our country. And so while I will not be the nominee, I will not walk away from the most important political fight of my life.”

Bloomberg, a media tycoon worth an estimated $60 billion, entered the race in November and quickly spent hundreds of millions of dollars of his own money to flood social media, television and radio with ads that boasted “Mike Will Get It Done.”

Bloomberg said he is putting his support behind former Vice President Joe Biden, who won the majority of the states on Super Tuesday and reclaimed his front-runner status.