former New York Mayor Michael Bloomberg announces his candidacy

The billionaire has officially declared a nomination for the Democratic nomination "to defeat Donald Trump and rebuild America".

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Former New York Mayor Michael Bloomberg, November 17, 2019. YANA PASKOVA / AFP

Former New York Mayor and wealthy businessman Michael Bloomberg officially declared himself a candidate for the Democratic Party's nomination for the 2020 presidential election on Sunday (November 25th). "I am a candidate to beat Donald Trump and rebuild America," he wrote on his campaign site.

The 77-year-old billionaire had come close in recent weeks to such a candidacy. In March, however, he had declared to give up. New turnaround, then, as it happens months after the main candidates – Joe Biden, Elisabeth Warren and Bernie Sanders – declared themselves. But his wealth should allow him to quickly launch a very large advertising campaign to support his candidacy.

A fortune of 50 billion dollars

"For four more years we can not afford President Trump's unthoughtful and unethical policy," wrote Michael Bloomberg on his candidacy, where he stands as the best opponent to the current occupant of the White House. "It represents an existential crisis for our country and our values. If he wins a new term, we can not solve the damage he has caused. " Donald Trump, also billionaire and septuagenarian, had judged that "Little Michael will fail" when rumors about his candidacy had leaked.

Michael Bloomberg, founder of the financial news agency bearing his name, is one of the ten largest fortunes in the world, estimated at more than 50 billion dollars (45 billion euros) by the magazine Forbes. Mayor of New York for twelve years, he spent millions to support Democratic candidates in local elections. But in the past, he claimed to be independent and even republican.

Going into the campaign directly top polls in April, Joe Biden, the vice president under Barack Obama, remains the favorite among the 17 candidates vying for the Democratic primary, but he saw his lead largely undermined by Senator Elizabeth Warren, which worries Wall Street by its left positions. It is followed in polls by independent Senator Bernie Sanders and then in fourth place by centrist Pete Buttigieg.

Read also Democratic primary 2020: a record number of candidates


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