Billionaire Michael Bloomberg files paperwork to run for U.S. president

Credit: Reuters Studio
Published on November 21, 2019 - Duration: 01:23s

Billionaire Michael Bloomberg files paperwork to run for U.S. president

Billionaire businessman Michael Bloomberg filed paperwork with the Federal Election Commission on Thursday to run for president of the United States as a Democrat, the latest sign he is joining the crowded Democratic field, after reportedly weighing a White House bid for weeks.

Chris Dignam has more.


Billionaire Michael Bloomberg files paperwork to run for U.S. president

A Bloomberg aide later told Reuters that the former New York City Mayor still has not yet made a final decision on whether to run, despite Thursday's filing.

The 77-year-old has kept his options open, putting his name on Democratic primary ballots in Texas on Wednesday, and registering earlier this month to appear on the ballot in Alabama and Arkansas for next yearโ€™s primaries.

His late entry could upend the race, posing a potential threat to the more centrist Democratic candidates and prompting a possible showdown with more progressive candidates who argue billionaires already wield too much influence in politics.

Forbes magazine ranks Bloomberg, who founded a media and financial information company named after himself, as the ninth-richest American, with an estimated net worth of $54 billion.

Bloomberg has been a vocal critic of Republican President Donald Trump and has publicly criticized his trade war with China.

The billionaire would position himself as a moderate with a track record of success who could challenge Trumpโ€™s business experience.

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