Billionaire Michael Bloomberg is running for President

Billionaire former New York Mayor Michael Bloomberg, 77-year-old, has officially announced he is standing to be the Democratic Party presidential nominee, after he declined presidential runs many times before.

He officially filed a "statement of candidacy" with the Federal Election Commission.  „I’m running for president to defeat Donald Trump and rebuild America. I believe my unique set of experiences in business, government, and philanthropy will enable me to win and lead,”he wrote. He joins 17 other candidates for the Democratic nomination. At this moment, former Vice-President Joe Biden, Senators Elizabeth Warren and Bernie Sanders are the party's front-runners. Bloomberg appears to be a moderate alternative. A Morning Consult poll conducted soon after the Bloomberg buzz started earlier this month found that just 4 percent of Democratic primary voters would pick the former mayor as their first choice to be the party’s nominee.


President Trump taunted Mr Bloomberg earlier in November, saying there was "nobody I'd rather run against than little Michael". Michael Bloomberg is the eighth richest American with a net-worth of $54.4bn (£42bn), according to Forbes. He remained in office as the New York mayor for three consecutive terms until 2013.