Bloomberg, who considered independent runs for the White House in 2008, 2012 and 2016, will challenge President Trump, the paper reported, citing sources.
“Mike Bloomberg told me he is going to run in 2020,” a source told the paper.
“He has the money to see it through while other candidates knock themselves out.”
Michael Bloomberg has bounced around political parties during his time in the ring. He was a Republican from 2001 to 2007, which encompassed most of his time as New York Mayor before becoming an Independent. Prior to 2001, Bloomberg identified as a Democrat.
It's widely speculated that Michael Bloomberg will run as a Democrat.
Bloomberg made his money on Wall Street as an entreprenuer. After working at Soloman Brothers, he created a company named Innonvative Market Systems which we know now as Bloomberg LP today.
As of 2015, he was the 6th richest person in the United States with a net worth of $43.3 billion.
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