Billionaire and former New York City Mayor Michael Bloomberg are preparing to run the 2020 US presidency in at least one state with an early filing deadline.
Billionaire and former New York mayor Michael Bloomberg are expected to designate himself as a Democratic candidate in the 2020 Presidential election.
Bloomberg is expected to complete paperwork for the Democrat Party’s presidential primary in Alabama before this Friday’s deadline. Nevertheless, 77-year-old has yet to officially make up his mind about the 2020 US presidency.
“We now need to finish the job and ensure that Trump is defeated — but Mike is increasingly concerned that the current field of candidates is not well-positioned to do that,” Howard Wolfson, a longtime Bloomberg, reported.
“If Mike runs he would offer a new choice to Democrats built on a unique record running America’s biggest city, building a business from scratch and taking on some of America’s toughest challenges as a high-impact philanthropist,” continued Wolfson.
The development comes after Bloomberg signaled last month that he had not ruled out a presidential bid, privately telling associates that he has doubts that former Vice President Joe Biden and Sen.
Elizabeth Warren could defeat President Donald Trump in the 2020 US presidency. Bloomberg, who Forbes magazine estimates have a net worth of $51 billion, is believed to be prepared to spend $100 million on a White House bid if he jumped into the crowded race.
“I believe I would defeat Donald Trump in a general election,” Bloomberg wrote in March. “But I am clear-eyed about the difficulty of winning the Democratic nomination in such a crowded field.”
“He’s tired of being the almost-ran,” said one former Bloomberg adviser on Thursday after The New York Post reported news of his moves. “Mortality is weighing heavily on him. This is the last time that he can run.”
Bloomberg will almost certainly not qualify for the next debate in Atlanta on Nov. 20, and he will likely have to spend tens of millions of dollars in the next few weeks to make the debate stage in December, potentially setting a record for campaign spending in a short amount of time. His current wealth is estimated at $52 billion, per Forbes.
Two months later, Bloomberg reportedly held meetings with top Iowa Democrats throughout a multi-city tour through the first state that has a say in a presidential race.
Howard Schultz, the billionaire former Starbucks CEO, had considered a 2020 run against Trump, also a billionaire.”More billionaires seeking more political power,” stated Faiz Shakir, Bernie Sanders’ campaign manager, “surely isn’t the change America needs.”
Bloomberg left the Democratic party in 2001 to run for New York City mayor as a Republican. In 2007, he left the Republican party to register as an Independent. In September, Bloomberg told the New York Times, he believes “only a major-party nominee can win the White House.”
Bloomberg was born Feb. 14, 1942, in Boston and hails from Medford, Massachusetts. He was an Eagle Scout who attended public schools.
The previous mayor later attended Johns Hopkins University as an undergraduate. Heavily involved in student government, he was elected president of his fraternity, president of the Inter-Fraternity Council and class president.
When Bloomberg considered a run earlier this year, a number of Democratic operatives told they believed that a Bloomberg campaign would be doomed by the mayor’s positions on policing, ties to Wall Street and the fact that he had spent much of his time in politics as a Republican and independent.
But Bloomberg additionally would bring important strengths to a campaign, including his work on climate change and guns and the fact that he has spent millions on Democratic causes for years.
Bloomberg used his severance from Salmon Brothers to found Bloomberg LP, the parent company of Bloomberg News, which includes TV and radio operations and employs nearly 20,000 people. In 2001, he was elected New York City’s 108th Mayor, a few weeks after the Sept. 11 terror attacks.
Bloomberg used his severance from Salmon Brothers to found Bloomberg LP, the parent company of Bloomberg News, which includes TV and radio operations and employs about 20,000 people.
In 2001, he was chosen New York City’s 108th Mayor, a few weeks after the Sept. 11 terror attacks.