Mike Bloomberg, the billionaire former mayor of New York City, has taken his first official steps to run for the Democratic presidential nomination in 2020.
Mr Bloomberg, who ran for mayor as a Republican, has spent months studying the Democratic field, people close to him say. But he had held back as Joe Biden, the former vice-president, remained the frontrunner.
Now, however, “Mike is increasingly concerned that the current field of candidates is not well positioned” to defeat Donald Trump, said Howard Wolfson, his longtime adviser.
“If Mike runs he would offer a new choice to Democrats built on a unique record running America’s biggest city, building a business from scratch and taking on some of America’s toughest challenges as a high-impact philanthropist,” Mr Wolfson said in a statement.
Political analysts see a campaign by the centrist New Yorker posing a particular challenge to Mr Biden. Both are white men in their 70s seen as representing the party’s moderate wing.
The New York Times reported earlier that Mr Bloomberg would file the necessary paperwork to get on the ballot in Alabama, which has an early filing deadline for its Democratic primary.
Mr Bloomberg has been a prominent political donor, spending more than $100m to help elect Democrats in the 2018 midterms beyond his campaigns through Bloomberg Philanthropies on issues including climate change, gun control and tobacco cessation.
“Mike believes that Donald Trump represents an unprecedented threat to our nation,” Mr Wolfson said: “Based on his record of accomplishment, leadership and his ability to bring people together to drive change, Mike would be able to take the fight to Trump and win.”
The post Bloomberg moves towards Democratic presidential run appeared first on Financial Times.