Popular US business mogul , Michael Bloomberg, a three-term mayor of New York and a climate change activist, Michael Bloomberg has showed his intention to run for the office of the US President.
The 77-year-old officially announced that he was joining the race for the 2020 Democratic nomination Sunday, but he has some catching up to do.
He becomes the 18th candidate in the pack that includes three others in their 70s, plus a fellow billionaire, Tom Steyer.
Bloomberg will count on leveraging his fortune Forbes ranks him as the 15th richest person in the world currently to make up ground on the favorites.
They included fierce Wall Street critics Bernie Sanders and Elizabeth Warren, both of whom he sees as “extremists.”
Bloomberg will be working for a long-awaited chance to take on fellow New York tycoon Donald Trump.