The Times Of London reports:
Michael Bloomberg, the billionaire founder of a business news empire, is preparing to run for president as a Democrat, The Times understands. Mr Bloomberg, 76, a former mayor of New York with a personal fortune of more than $50 billion, has previously considered running as an independent but decided against it in 2012 for fear of splitting the Democratic vote.
He has told confidants that he is planning to join the presidential race, in which several leading business figures could follow the example of Donald Trump and throw their hats in the ring. “Mike Bloomberg told me he is going to run in 2020,” a source told The Times. “He has the money to see it through while other candidates knock themselves out.”