Billionaire Michael Bloomberg is preparing to run for president in 2020 as a Democrat
- The 76-year-old has told confidants he is planning to challenge Donald Trump
- Bloomberg has thought about running before before but has yet to do so
- The former New York City mayor has the money to see it through, a source said
Billionaire Michael Bloomberg is reportedly preparing to run for president in 2020 as a Democrat.
The 76-year-old has told confidants he is planning to challenge Donald Trump in 2020, The Times reports.
‘Mike Bloomberg told me he is going to run in 2020,’ a source told the newspaper.
‘He has the money to see it through while other candidates knock themselves out.’
Billionaire Michael Bloomberg (pictured on Thursday) is reportedly preparing to run for president in 2020 as a Democrat
Bloomberg, the founder of financial software firm Bloomberg LP, has a net worth of $52.6 billion, according to Forbes.
Rumors of Bloomberg’s impending presidential candidacy swirl seemingly every election cycle, but the three-term New York City mayor has yet to run.
Bloomberg reportedly considered running as an independent in 2012, but decided not to over fears it would split the Democratic vote.
In January 2016, Bloomberg confirmed for the first time that he was mulling over whether to run for president. Three months later, he announced that he would not run.
Sources have said Bloomberg regretted deciding not to run in 2016 as he believes he could have either won or prevented Donald Trump (pictured) from winning
He endorsed Hillary Clinton for president, and said she was ‘the right choice’ in a speech at the Democratic National Convention.
In June, he reportedly told associates he is ‘revving up’ for 2020.
A source close to Bloomberg told CBS2 that Bloomberg regretted deciding not to run in 2016 as he believes he could have either won or prevented Trump from winning.