Michael Bloomberg launches Democratic presidential bid

U.S. & World

FILE – In this Feb. 26, 2019, file photo, former New York City Mayor Michael Bloomberg speaks at a news conference at a gun control advocacy event in Las Vegas. Tennessee’s top election officials say Bloomberg has requested a petition that would require securing 2,500 signatures from registered voters in less than a month if he wants to qualify for the state’s Democratic presidential primary ballot. The secretary of state’s office confirmed Wednesday, Nov. 13, that Bloomberg requested the ballot petition earlier this week. (AP Photo/John Locher, File)

NEW YORK (AP) — Michael Bloomberg is running for president.

The former New York City mayor, one of the richest men in the world, formally joined the Democratic presidential field on Sunday. The 77-year-old former Republican announced his plans on a campaign website.

He wrote: “I’m running for president to defeat Donald Trump and rebuild America.”

Bloomberg’s entrance, just 10 weeks before primary voting begins, reflects his concerns that the current slate of candidates is not well-positioned to defeat Trump.

Bloomberg’s massive investments in Democratic priorities like climate change and gun control, backed by his extraordinary personal wealth, could make him a force. He’s already reserved more than $30 million in television ads across several states, although he’s bypassing the first four on the primary calendar.

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