The Florida Rights Restoration Coalition estimated Bloomberg's fundraising push has already paid off monetary obligations for 32,000 felons, Axios reported.
"The right to vote is fundamental to our democracy and no American should be denied that right," a Bloomberg spokesperson told the news outlet. "Working together with the Florida Rights Restoration Coalition, we are determined to end disenfranchisement and the discrimination that has always driven it."
Florida passed a law in 2018 reinstating voting rights for felons that dictated they could register only if they pay all fines, fees and restitution — sometimes totaling more than $1,000 — owed to the government.
The 11th U.S. Circuit Court of Appeals, which covers Florida, last week ruled to uphold the law.
Last week, several television networks also pledged to donate money to the cause.