Will Michael Bloomberg enter the 2020 presidential race? The former NYC mayor is reportedly considering a potential White House run.
Bloomberg, the billionaire former mayor of New York, has indicated to associates in recent weeks that Joe Biden's recent struggles against Sen. Elizabeth Warren are making him rethink his decision to stay out of the 2020 Democratic primary. That's according to people familiar with the discussions who spoke on condition of anonymity because the conversations were deemed private.
Bloomberg has signaled he's "still looking at" running for president, but people close him say that the only way he could even go down that path is if Biden's fortunes suffer so much that he drops out before or during the early stages of the primary. Bloomberg could then enter the race as one of the rare moderates with enough name recognition and campaign funding to make a run. Forbes estimates his net worth at $51 billion, and"I think it's something he wants.
"He's like everyone else. They can't get it out of their system," said a banking executive who has known Bloomberg for decades. "Bloomberg is in if Biden is out," said another New York billionaire with ties to Bloomberg.again one month before the party's triumph in the 2018 midterm congressional elections, during which Bloomberg was a big donor. He has said he would run as a Democrat if he pursued the White House this time.
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