Former New York City mayor and business news billionaire Michael Bloomberg is preparing to make a White House run as a Democrat in 2020, The Times of London reported Thursday.
The 76-year-old Bloomberg, who has a personal fortune of more than $50 billion, according to The Times, has previously considered running as an independent, but decided against it in 2012 out of fears it would split the Democratic vote.
“Mike Bloomberg told me he is going to run in 2020,” an unnamed source told the U.K.-based news outlet reported. “He has the money to see it through while other candidates knock themselves out.”
It’s not the first time there’s been speculation about Bloomberg’s White House ambitions. In June, he told a CBS affiliate he was likely to make a new bid as a Democrat. But Bloomberg hedged the question in an interview with MSNBC in January.
"I suppose I could [run],” Bloomberg said. "But I have no plans to run for president."
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